Board and committees

Board of Directors

The Board is the ultimate governance body of the Company and is responsible for the ultimate supervision of the Group. The Board attends to all matters which are not reserved to the General Meeting or another governance body of the Company by law, the Articles of Association or internal regulations.

Board of Directors - Board Regulations - November 2023 (pdf, 300Kb) 

Committees

Chair's and Corporate Governance Committee

Our Chair's and Corporate Governance Committee liaises between the Chairman and the full Board, acts as a consultant body to the Chairman and CEO, and regularly reviews aspects of our Governance. It also advises on financial matters.

Chair's and Corporate Governance Committee Charter - September 2020 (pdf, 150Kb)

Nomination Committee

Our Nomination Committee oversees the long-term succession planning of the Board, its independence and self-evaluation. It ensures an appropriately wide net is cast on key successions.

Nomination Committee Charter - September 2021 (pdf, 100Kb)

Sustainability Committee

Our Sustainability Committee reflects the importance of sustainability in Nestlé's corporate governance.

Sustainability Committee Charter - November 2023 (pdf, 150Kb)

Compensation Committee

Our Compensation Committee sets our remuneration principles and prepares the proposals for remuneration. In 2015, we implemented the new Swiss 'say on pay' law both in letter and in spirit. Our proposals were adopted with large majorities of our shareholders. Our Compensation Report explains our compensation system and pay-outs. It is submitted annually to an advisory vote of our shareholders.

Compensation Committee Charter - June 2023 (pdf, 80Kb)

Audit Committee

Our Audit Committee oversees internal and external audit, financial reporting, compliance and risk management, and paid special attention to cyberlaw and quality this year.

Audit Committee Charter - November 2023 (pdf, 150Kb)

Committee memberships