Our Board of Directors
The Board of Directors determines the company's business policies and oversees their implementation. In this respect, it works with General Management and the specialised committees to align the economic and financial performance objectives with social, societal, and environmental (CSR) issues. The Board of Directors operates according to the corporate governance principles in force in France as presented in the AFEP-MEDEF Corporate Governance Code. A director's term of office is four years, and the renewal of the term of office is staggered to ensure the smooth renewal of the Board of Directors.
Internal rules of the Board of Directors
Internal rules of the Board of Directors can be accessed via download link below.
Committees of the Board of Directors
Our Executive Committee
Chair by the Chief Executive Officier of Air France-KLM, the Group Executive Committee is composed of the Chief Executive Officer of Air France-KLM, the President and Chief Executive Officer of KLM, the Chief Executive Officer of Air France and the 10 heads of the Group's functions.
Our remuneration policy 2022
Pursuant to the provisions of Article L. 22-10-8 of the French Commercial Code, the remuneration of the corporate officers of Air France-KLM is set by the Board of Directors, on the recommendation of the Remuneration Committee in accordance with the provisions of the AFEP-MEDEF Code. The company's Board of Directors thus establishes a remuneration policy in line with the company's interests and its commercial strategy, and which contributes to its sustainability. It lists all the fixed and variable components of the remuneration of the corporate officers and explains the decision-making process followed for its establishment, revision, and implementation. This remuneration policy is the subject of a draft resolution submitted to the General Meeting for approval under the conditions provided for in Article L. 22-10-32 of the French Commercial Code each year and at the time of each significant change in the remuneration policy.
- Informations on remuneration (extract from the 2021 Universal Registration Document)
- Complementary information on the remuneration of the CEO of Air France-KLM
Air France-KLM Articles of incorporation
Our Articles of incorporation can be accessed via the download link below.
Pursuant to Article L. 22-10-13 of the French Commercial Code, the Regulated Agreements concluded by Air France-KLM are listed below.
Entering into of a State Guaranteed Loan and of Shareholder Loan (Board meeting authorization dated 24 April 2020).
Conclusion of a Framework Agreement between Air France-KLM, KLM and the Dutch State (Board meeting authorization date dated 25 June 2020).
Adjustment to the financial conditions of the joint ventures entered into with (i) Delta Air Lines, Inc. and Virgin Atlantic Airways Ltd. and (ii) China Eastern Airlines Co. Ltd in the context of the Covid-19 crisis (board meeting authorization dated December 4th, 2020).
Conclusion of a commitment to subscribe to a capital increase, a subscription agreement to issue of undated deeply subordinated notes and an amendment to the shareholder's loan agreement between the Company and the French State (authorized by the Board of Directors on April, 5 2021).