The Managing Board is ultimately responsible for our company's strategy, its portfolio management, the deployment of human capital and financial capital resources, the company's risk management system, its financial performance, and its performance in the area of sustainability. The Managing Board is thus also accountable to the Supervisory Board for our company's strategy and management. The full Managing Board attends the Supervisory Board meetings. Other Executive Committee members attend those Supervisory Board meetings, or parts of them, that are specifically relevant to their area of responsibility.
Message from our CEO
For DSM 2018 was a very successful year in almost every way. The hard work and engagement of our employees delivered very strong results of which we can all be justly proud. Financially, we delivered well ahead of our strategic targets, creating significant value in all our businesses. In sustainability we outperformed our aspirations. Although our safety performance needs to further improve, our people feel more inspired, engaged and committed than ever. We are well placed to move forward and to deliver on our 2021 strategic targets, to drive continued above-market organic growth and deliver further improvements in profitability, returns and sustainability.
The Executive Committee comprises the Managing Board members as well as four senior managers. The latter four managers are appointed by the Chairman of the Managing Board after consultation with the Supervisory Board. The Executive Committee focuses on topics such as our company's overall strategy and direction, review of business results, functional and regional strategies, budget-setting, and people and organization. The statutory responsibilities of the Managing Board remain unchanged.
The Supervisory Board supervises the policy pursued by the Managing Board, the Managing Board's performance of its managerial duties, and the company's general course of affairs, taking the interests of all the company's stakeholders into account.
Remuneration policy for the Managing Board
The objective of DSM’s remuneration policy is to attract, reward, motivate, incentivize and retain qualified and expert individuals that the company needs in order to achieve its strategic and operational objectives, whilst acknowledging the societal context around remuneration and recognizing the interests of DSM's stakeholders.