Governance of the Euroclear group is divided between the Boards of Euroclear plc and Euroclear SA/NV. There is a clearly defined division of responsibilities between the two Boards.
The Euroclear plc and Euroclear SA/NV Boards are essentially composed of members drawn from a cross-section of firms that use Euroclear's services. This allows users’ interests and sensitivities to influence the decision-making process at Euroclear.
Within this framework, each operating entity has created a Board which sets its own strategic and operational objectives, which must be consistent with those set by the parent company.