Corporate governance

Unilever recognises the importance of good corporate governance and behaviour.

The Code of Business Principles represents the standard of conduct which all Unilever employees are expected to meet in their business endeavours. A copy of this code is set out in the document 'Unilever's Code of Business Principles'.

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. We conduct our operations in accordance with internationally accepted principles of good governance and best practice, whilst ensuring compliance with the corporate governance requirements applicable in the countries in which we operate.

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'.