In order to give you a better service Airbus uses cookies. By continuing to browse the site you are agreeing to our use of cookies I agree

Corporate Governance

Corporate Governance

Board and Board Committees

Corporate Governance

Board and Board Committees

Executive and Operational Committees

Shareholders' Meetings

Entreprise Risk Management

Governance Framework and Documents

The Board of Directors

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 Company, the management, direction and performance of the Company and its business.

The Board Rules specify that in addition to the Board of Directors’ responsibilities under applicable law and the Articles of Association, the Board of Directors is responsible for certain enumerated categories of decisions. Under the Articles of Association, the Board of Directors is responsible for the management of the Company.

Under the Board Rules, the Board of Directors delegates day-to-day management of the Company to the CEO, who, supported by the Executive Committee, makes decisions with respect to the management of the Company. However, the CEO may not enter into transactions that form part of the key responsibilities of the Board of Directors unless these transactions have been approved by the Board of Directors.

Members of the Board of Directors

(as of 11 April 2018)

Denis Ranque Chairman of the Board of Directors Airbus
Thomas Enders Chief Executive Officer Airbus
Victor Chu Chairman and CEO of First Eastern Investment Group
Jean-Pierre Clamadieu CEO and Member of the Board of Directors of Solvay SA
Ralph D. Crosby, Jr.
Member of the Board of Directors of American Electric Power Corp. 
Lord Paul Drayson Chairman and Chief Executive Officer of Drayson Technologies Ltd
Catherine Guillouard
Chief Executive Officer of RATP
Hermann-Josef Lamberti 
Former Member of the Management Board of Deutsche Bank AG 
Amparo Moraleda Member of the Board of Directors of Solvay SA, CaixaBank SA and
Vodafone PLC 
Claudia Nemat Member of the Board of Management of Deutsche Telekom AG 
René Obermann Managing Director of Warburg Pincus and
Member of the Board of Directors of Telenor ASA
Carlos Tavares
Chairman of the Managing Board of Peugeot SA
 

The Board Committees

Three Board Committees exist:

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 Remuneration, Nomination and Governance Committee makes recommendations to the Board for major appointments within the Company, for example in the Executive Committee, for 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 Company's ethics and compliance programme, organisation and framework for the effective governance of ethics and compliance, including all associated internal policies, procedures and controls.

The Audit Committee

Pursuant to the Board Rules, the Audit Committee, which is required to meet at least four times a year, makes recommendations to the Board of Directors on the approval of the annual financial statements (FY) and the interim (Q1, H1, Q3) accounts, as well as the appointment of external auditors and the determination of their remuneration.

Moreover, the Audit Committee has the responsibility for verifying and making recommendations to the effect that the internal and external audit activities are correctly directed, that internal controls are duly exercised and that these matters are given due importance at the meetings of the Board of Directors. Thus, it discusses with the auditors their audit programme and the results of the audit of the accounts and it monitors the adequacy of Airbus’ internal controls, accounting policies and financial reporting. It also oversees the operation of Airbus’ Enterprise Risk Management system and the Compliance Organisation.

The Chairman of the Board of Directors and the Chief Executive Officer are invited to attend meetings of the Audit Committee. The Chief Financial Officer and the Head of Controlling and Accounting are requested to attend meetings to present management proposals and to answer questions. Furthermore, the Head of Corporate Audit and the Chief Compliance Officer are requested to report to the Audit Committee on a regular basis.

Members of the Audit Committee

(as of 11 April 2018)

Hermann-Josef Lamberti Chairman, independent
Ralph D. Crosby, Jr.
Member, independent
Catherine Guillouard
Member, independent
Victor Chu
Member, independent
René Obermann
Member, independent

Pursuant to the Board Rules, the Ethics and Compliance Committee is required to meet at least four times a year and has as its main mission to assist the Board in overseeing Airbus’ culture and commitment to ethical business and integrity.

It also monitors Airbus’ ethics and compliance programme, organisation and framework for the effective governance of ethics and compliance, including all associated internal policies, procedures and controls, which include the areas of money laundering and terrorist financing, fraud, bribery and corruption, trade sanctions and export control, data privacy, procurement and supply chain compliance and anti-competitive practices.

In addition, the Board can, on a case-by-case basis, delegate to the Ethics and Compliance Committee any task which is ethics-and-compliance related.

The Ethics and Compliance Committee will, among others, monitor any of the aforementioned responsibilities of the Audit Committee that are regarding compliance-related matters and will also provide any necessary disclosures of the status of major investigations into ethical or compliance breaches or allegations of misconduct – especially financial and accounting-related –  to the Audit Committee.

From time to time, independent external experts and the Independent Compliance Review Panel are invited to attend meetings of the Ethics and Compliance Committee.

The RNG Committee

Pursuant to the Board Rules, the RNGC, which is required to meet at least four times a year, consults with the CEO with respect to proposals for the appointment of the members of the Executive Committee and makes recommendations to the Board of Directors regarding the appointment of the Secretary to the Board of Directors.

The RNGC also makes recommendations to the Board of Directors regarding succession planning at Board, Executive Committee and Senior Management levels, remuneration strategies and long-term remuneration plans. Furthermore, the Committee decides on the service contracts and other contractual matters in relation to the Members of the Board of Directors and the Executive Committee. 

In addition, the RNGC reviews top talents, discusses measures to improve engagement and to promote diversity, reviews the remuneration of the Executive Committee members, the Long Term Incentive Plans (LTIP), and the variable pay.

Finally, the RNGC performs regular evaluations of the Company’s corporate governance and makes proposals for changes to the Board Rules or the Articles of Association.

The guiding principle governing management appointments within Airbus is that the best candidate should be appointed to the position (“best person for the job”), while at the same time seeking to achieve a balanced composition with respect to gender, experience, national origin etc. The implementation of these principles should, however, not create any restrictions on the diversity within the Company’s executive management team.


The Chairman of the Board of Directors and the Chief Executive Officer are invited to attend meetings of the RNGC. The Chief Human Ressources Officer Airbus is requested to attend meetings to present management proposals and to answer questions.

Members of the RNG Committee

(as of 11 April 2018)

The Ethics and Compliance Committee

Pursuant to the Board Rules, the Ethics and Compliance Committee is required to meet at least four times a year and has as its main mission to assist the Board in overseeing Airbus’ culture and commitment to ethical business and integrity.

It also monitors Airbus’ ethics and compliance programme, organisation and framework for the effective governance of ethics and compliance, including all associated internal policies, procedures and controls, which include the areas of money laundering and terrorist financing, fraud, bribery and corruption, trade sanctions and export control, data privacy, procurement and supply chain compliance and anti-competitive practices.

In addition, the Board can, on a case-by-case basis, delegate to the Ethics and Compliance Committee any task which is ethics-and-compliance related.

The Ethics and Compliance Committee will, among others, monitor any of the aforementioned responsibilities of the Audit Committee that are regarding compliance-related matters and will also provide any necessary disclosures of the status of major investigations into ethical or compliance breaches or allegations of misconduct – especially financial and accounting-related –  to the Audit Committee.

From time to time, independent external experts and the Independent Compliance Review Panel are invited to attend meetings of the Ethics and Compliance Committee.

Members of the Ethics and Compliance Committee

(as of 11 April 2018)

Back to top