April 2, 2007

Keeping the lights burning: The IA team at Philips, caretaker of a strong risk management and control environment

By Nancy Hala, KnowledgeLeader contributing writer

Headquartered in the Netherlands, leading multinational electronics company Royal Philips is currently transforming its portfolio and positioning in the market place. Luvic Janssen, the executive vice president and head of internal audit, positions internal audit as the eyes and the ears of the company and as a talent pool for the organization. In this profile he describes the roles of IA within Philips, including providing strategic risk-based workshops and other risk services that are not directly related to audit opinions.