Airbus’ Corporate Governance has evolved in order to match our ambition, meet our obligations, achieve our missions and reach the goals we set ourselves. Our Governance strives to be a transparent body, matching the expectations of the Group’s shareholders throughout the world. The following sections will give you more information about our Governance structure, rules and regulations, and information on Shareholders’ Meetings.
The Board of Directors is responsible for the management of the Company and consists of a maximum of 12 members, appointed and removed at the Shareholders’ Meeting. The Board is responsible for the overall conduct of the Group, the management, direction and performance of the Company and its business.
The Audit Committee makes recommendations on the approval of the annual financial statements and the quarterly and half-year accounts, supports the Board in the appointment of external auditors and ensures that audit activities are correctly directed.
The RNGC makes recommendations for major appointments within the Group, for example to the Executive Committee, makes recommendations to the Board regarding remuneration strategies and long-term remuneration plans and also performs regular evaluations of the Company´s corporate governance.
The Ethics and Compliance Committee assists the Board in overseeing Airbus’ culture and commitment to ethical business and integrity. It oversees the Group's ethics and compliance programme, organisation and framework for the effective governance of ethics and compliance, including all associated internal policies, procedures and controls.