Governance

Supervisory Board committees

The Supervisory Board has four standing committees, whose members are appointed by the Supervisory Board from among its members.

The full Supervisory Board remains responsible for all decisions, even if prepared and taken by one of the Supervisory Board’s Committee. See the Rules of Procedure (download below) for full details on the Supervisory Board and the committees.

Audit Committee

Members:
Carla Smits-Nusteling (Chair)
Rolf-Dieter Schwalb
Wolfgang Ziebart

The members of the Audit Committee are all independent, non-executive members of the Supervisory Board. The Audit Committee reviews, among other things, ASML's financial reports, internal controls procedures, internal audit disclosures and compliance on a regular basis. The committee meets at least four times per year and always meets before the publication of financial results, in accordance with a meeting schedule. For full details of the responsibilities of the Audit Committee see Annex D of the Supervisory Board's Rules of Procedure.

 

Remuneration Committee

Members:
Rolf-Dieter Schwalb (Chair)
Terri Kelly
Hans Stork

 

The Remuneration Committee is responsible for, among other things, preparing the Remuneration Policy for the ASML Board of Management, overseeing the development and implementation of compensation and benefit programs for members of the Board of Management, and determining the remuneration packages for individual Board of Management members. The Remuneration Committee meets at least twice per year and more often when necessary. For full details of the responsibilities of the Remuneration Committee see Annex E of the Supervisory Board's Rules of Procedure.

 

Selection and Nomination Committee

Members:
Gerard Kleisterlee (Chair)
Annet Aris
Douglas Grose

 

The Selection and Nomination Committee is responsible for the review of the scope and composition of the Board of Management and Supervisory Board, the evaluation of the functioning of the two bodies, and the selection of new Supervisory Board and Board of Management members. It also monitors developments in the field of corporate governance. The Selection and Nomination Committee meets at least twice per year and more often if necessary. For full details of the responsibilities of the Remuneration Committee see Annex F of the Supervisory Board's Rules of Procedure.

 

Technology Committee

Members:
Douglas Grose (Chair)
Annet Aris
Gerard Kleisterlee
Hans Stork
Wolfgang Ziebart

 

The Technology Committee is responsible for the risk assessment and study of potential strategies, required technical resources, technology roadmaps and product roadmaps for ASML, and providing advice to the Supervisory Board on these matters. The Technology Committee meets at least twice per year and more often if necessary. For full details of the responsibilities of the Remuneration Committee see Annex G of the Supervisory Board's Rules of Procedure.