Responsibilities & structure

Scroll down to see responsibilities and structure of management and supervisory boards and committees.

Management Board

The Management Board is responsible for the day-to-day management of the operations of the company. 
Its responsibilities involve setting and achieving the company's strategic objectives, managing the company's strategic risks, legal compliance and corporate social responsibility matters insofar as relevant to the company's business. More details about the Management Board's responsibilities, duties and powers can be read in the Management Board Rules.
The Management Board consists of at least two members. The members are appointed by the General Meeting, subject to the right of the Supervisory Board to make a binding nomination. Each member of the Management Board is appointed for a maximum of four years with the possibility of re-appointment for consecutive four year terms in accordance with the Corporate Governance Code.

Remuneration

The Remuneration Policy is determined by the Supervisory Board, upon a proposal by the Remuneration Committee. This policy is most recently amended by the General Meeting in 2019.
For the Remuneration Policy for TomTom’s Management Board, and the application hereof in 2018, reference is made to the 2018 Remuneration Report. This report is part of the Annual Report and can be found here.
TomTom is committed to live up to the spirit of transparent reporting. For the first time, we issued a stand-alone Remuneration Report over 2017. By fully revising the structure and content of our Remuneration Report, TomTom “surpasses mere compliance and show its aspirations for full transparency”, according to EY’s 2018 Executive Remuneration Report.

Supervisory board and comittees

The Supervisory Board, supervises the conduct of management by the Management Board and the general course of affairs of the company and supports the Management Board by providing advice.
The Supervisory Board acts in the interest of the company as well as that of its stakeholders as a whole in performing its duties. More details about the Supervisory Board's responsibilities, duties and powers can be read in the Supervisory Board Rules.
The Supervisory Board consists of at least three members. The Supervisory Board has prepared a profile of its size and composition.
The members are appointed by the General Meeting. A Supervisory Board member is appointed for a period of four years and may then be reappointed for another four-year period. The Supervisory Board member may then be reappointed again for a period of two years, which appointment may be extended by at most two years.
The members retire periodically in accordance with the Supervisory Board Rotation Plan.
The remuneration of the Supervisory Board members is determined by the General Meeting. The members of the Supervisory Board are not authorised to receive any payments under the company's pension or bonus schemes or under the option plan or share plans.
The Supervisory Board has established an Audit Committee, a Remuneration Committee and a Selection & Appointment Committee. Each of these committees are staffed by members of the Supervisory Board. At least one of the members of the Audit Committee is a financial expert.