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
Find out more about the Committees of the Board of Directors : Audit Committee, Remuneration Committee, Appointments and Governance Committee, and Sustainable Development and Compliance Committee.
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.
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.
Conclusion of regulated agreements between Air France-KLM, Virgin Atlantic and Delta Air Lines (approved by the Air France-KLM Board of October 30, 2019).
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).
Expansion of the cooperation agreement entered into between the Company, Air France-KLM and China Eastern Airlines (Board meeting authorization dates 5 April 2021).
Conclusion of an amendment regarding the State Guaranteed Loan concluded on May 6, 2020 (authorized by the Board of Directors on October 11, 2021).
Conclusion of a Business Cooperation Agreement between Air France-KLM, Air France, KLM, CMA CGM Air Cargo and CMA CGM (authorized by the Board of Directors on December 8, 2022).
Repurchases of a fraction of the Deeply Subordinated Notes (authorized by the Board of Directors on June 15, 2022, July 28, 2022 and December 8, 2022).
Repurchase of a fraction of the Undated Deeply Subordinated Notes and subscription to new Undated Deeply Subordinated Notes for a total amount of 727,800,000 euros (authorised by the Board of Directors on 16 February 2023)
Conclusion of an amendment to the subscription agreement executed on May 22, 2022 between Air France-KLM and CMA CGM (authorized by the Board of directors on April 19, 2023)