Corporate Governance

Airbus' Corporate Governance ensures that Airbus is managed according to our Regulating Laws and Articles of Association, and evolves in order to match our growth ambitions, meet our obligations and reach the goals we set ourselves. Airbus' top-level governing body is the Board of Directors. Responsible for the management of Airbus it delegates the day-to-day management to the CEO who fulfills this task with the support of the Executive Committee. Our Governance strives to be a transparent body, matching the expectations of the Company’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.

Executive Committee's responsibilities and powers

At the Executive Committee meetings, the following matters, among others, are discussed:

• Appointment by the Heads of Airbus Divisions and functions of their management teams;
• Major investments;
• Settling up and control of the implementation of the strategy for Airbus’ businesses;
• Airbus policy matters and management and organisational structure of the business;
• Performance level of the Company’s businesses and support functions;
• All business issues, including the operational plan of Airbus and its Divisions and Business Units.

The CEO endeavours to reach consensus among the members of the Executive Committee. In the event a consensus is not reached, the Chief Executive Officer is entitled to decide the matter.

The CEO proposes all of the Members of the Executive Committee for approval by the Board of Directors, after consultation with (a) the Chairman of the Remuneration, Nomination and Governance Committee and (b) the Chairman of the Board of Directors.