Managing Board

Leading the company

Profile, role & responsibilities

The Managing Board is responsible for DSM's strategy, portfolio policy, the deployment of human and capital resources, the company’s risk management system and the company's financial performance. The functioning of, and decision-making by, the Managing Board is governed by Regulations fully in line with the Dutch Corporate Governance Code.

The Managing Board consists of three or more members as determined by the Supervisory Board and approved by the company's shareholders. To ensure the highest standards of transparency and accountability, all members appointed since 2005 serve for a maximum of four years and require shareholders to approve each subsequent term.

Notwithstanding their collective responsibility for the management of the company, individual members are assigned specific tasks and responsibilities for particular businesses, functional areas and regions.

The remuneration of the members of the Managing Board is determined by the Supervisory Board based on the remuneration policy approved by the General Meeting of Shareholders.

DSM operates in a competitive international industry and so closely monitors industry and company-specific international developments with respect to its Managing Board remuneration. Regarding Supervisory Board remuneration, DSM adheres to the principles of good corporate governance.

Comprehensive details of recent remuneration paid to DSM's Managing Board can be found in the Integrated Annual Report 2018.

The objective of DSM’s remuneration policy is to attract, motivate 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.

The following elements are taken into consideration:

  • The remuneration policy reflects a balance between the interests of DSM’s main stakeholders as well as a balance between the company’s short-term and long-term strategy. As a result, the structure of the remuneration package for the Managing Board is designed to balance short-term operational performance with the medium and long-term objective of creating sustainable value within the company, while taking into account the interests of its stakeholders. DSM strives for a high performance in the field of sustainability and aims to maintain a good balance between economic gain, respect for people and concern for the environment in line with the DSM values and business principles as reflected in the DSM Code of Business Conduct.
  • To ensure that highly skilled and qualified senior executives can be attracted and retained, DSM aims for a total remuneration level that is comparable to levels provided by other (Dutch and European) multinational companies that are similar to DSM in terms of size and complexity.
  • The remuneration policies for the members of the Managing Board and for other senior executives of DSM are aligned.
  • In designing and setting the levels of remuneration for the Managing Board, the Supervisory Board also takes into account the relevant statutory provisions and provisions of the Dutch corporate governance code, societal and market trends and the interests of stakeholders.
  • DSM’s policy is to offer the Managing Board a total direct compensation approaching the median of the labor-market peer group.

Related links

Read more

  • Our purpose

    Learn about what we do and why we do it; as well as our scientific heritage, organizational framework - and external recognition.

This site uses cookies to store information on your computer.

Learn more