Governance of the Euroclear group is divided between the Boards of Euroclear Holding and Euroclear SA/NV. There is a clearly defined division of roles and responsibilities between the two Boards.
Euroclear Holding focuses on shareholders matters, determination of the group's main strategic objectives and monitoring of the performance of the group as a whole. The Board of Euroclear SA/NV is in charge of the oversight of the subsidiaries' performance, operational matters, systems and controls management, risk and compliance management, strategic plan determination and provision of services to the group companies.
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.