Missions of the AIR FRANCE KLM Board of Directors
The Board of Directors fixes the guidelines of the Group's activities and ensures their implementation.
Subject to the powers conferred upon it, the Board is responsible for any matter regarding the proper running of the company and settles, in its deliberations, all issues which concern it. In addition, the Board is involved in any monitoring and verification it considers appropriate.
The Board of Directors meets at least five times per year. Board meetings are held in French, but each director may speak in French or in English with simultaneous translation.
The decisions taken by the Board of Directors are based on the opinions and recommendations of specialized committees:
- Audit Committee,
- Strategy Committee,
- Remuneration Committee,
- Appointments Committee.
Members of the AIR FRANCE KLM Board of Directors
The bylaws stipulate a maximum of 18 Board directors appointed by the General Shareholders' Meeting. This is in addition to the directors representing the employee shareholders (appointed by the General Shareholders' Meeting) and the French State (appointed by ministerial order).
As at 31 March 2007, the Board of Directors comprised 15 members including 10 directors appointed by the General Shareholders' Meeting, 2 representatives of employee shareholders also appointed by the General Shareholders' Meeting and 3 representatives of the French State appointed by decree. The term of office for the members of the Board of Directors is 6 years.
