Unilever recognises the importance of good corporate governance and behaviour, and is committed to achieving the highest standards within its policies.
Unilever is subject to corporate governance requirements in the Netherlands, the UK and as a foreign private issuer in the US. Unilever constantly keeps its corporate governance arrangements under review and our compliance with these requirements are detailed within the corporate governance section of our latest annual report and accounts. It is Unilever's practice to comply, where practicable, with the highest level of these codes, and respond to developments appropriately.
NV and PLC, together with their group companies operate effectively as a single economic entity. This is achieved by a series of agreements between NV and PLC (the foundation agreements, see below), together with special provisions in the articles of association of both NV and PLC. NV and PLC have the same directors, adopt the same accounting principles, and their shareholders receive dividends on an equalised basis.
A comprehensive description of Unilever's corporate governance arrangements including further details on the structure of the Unilever Group are set out in the document 'The Governance of Unilever'.