Royal Philips NV

11/28/2018 | Press release | Distributed by Public on 11/28/2018 11:36

Philips CEO speaks at the ‘International Conference on the Dynamics of Inclusive Prosperity’ about balancing short-term business and long-term societal goals

Amsterdam, the Netherlands - Frans van Houten, CEO of Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will speak at the International Conference on the Dynamics of Inclusive Prosperity (Rotterdam, November 29 - 30). Co-hosted by the World Economic Forum (WEF) and the Erasmus University Rotterdam, the event brings together leaders from the worlds of business, government, NGOs and academia to discuss the transition towards more responsive and responsible leadership.

The conference will pay particular attention to the Compact for Responsive and Responsible Leadership - an initiative started in 2016, with Philips as a founding signatory, that aims to create a corporate governance framework with a focus on the long-term sustainability of corporations and the long-term goals of society. In his speech, Mr. Van Houten will pose the question whether business 'has what it takes' to balance long-term sustainability and societal goals against short-term business objectives, and provide a Philips perspective on the necessary business transformation and governance.