Ryanair 2006 Annual Report Download - page 19

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The Air Safety Committee
The Air Safety Committee comprises of a Board Director, Mr.
Michael Horgan, the Chief Pilot, the Director of Flight and
Ground Operations, the Flight Safety Officer, the Director of
Engineering, Director of Personnel and In-flight, Quality
Assurance Manager-Maintenance, Deputy Director of Safety
and the Health and Safety Manager. The Air Safety
Committee meets regularly to discuss relevant issues and
reports to the Board on a quarterly basis.
The number of Board and committee meetings held and
attended during the year are given below.
Directors’ Remuneration
The Chief Executive of the group is the only executive
director on the Board. In addition to his base salary he is
eligible for annual bonuses as determined by the Board of
Directors which may not in any event exceed 50% of his
base salary. It is considered that the shareholding of the
Chief Executive acts to align his interests with those of
shareholders and gives him a keen incentive to perform to
the highest levels.
The report of the Remuneration Committee is contained on
page 25.
Relations with Shareholders
Ryanair communicates with institutional shareholders
following the release of quarterly and annual results directly
via road shows, investor days and/or by conference calls. The
Chief Executive, senior financial, operational, and
commercial management participate in these events. During
the year ended March 31, 2006 the group held discussions
with a substantial number of institutional investors. All
shareholders are given adequate notice of the AGM at which
the Chairman reviews the results and comments on current
business activity. Financial, operational and other
information on the group is provided on our website at
www.ryanair.com.
Ryanair will continue to propose a separate resolution at the
AGM on each substantially separate issue, including a
separate resolution relating to the Directors’ Report and
Accounts. In order to comply with the Combined Code, proxy
votes will be announced at the AGM, following each vote on a
show of hands, except in the event of a poll being called. The
Board Chairman and the Chairmen of the Audit and
Remuneration Committees are available to answer questions
from all shareholders.
(Continued)
Directors’ Report 19
ANNUAL REPORT & FINANCIAL STATEMENTS 2006
David Bonderman 4/5 - - -
Michael O'Leary 5/5 -- -
Michael Horgan 5/5 -- 4/4
Raymond MacSharry 4/5 6/7 --
Kyran McLaughlin 5/5 7/7 --
James R. Osborne 5/5 - 2/2 -
Paolo Pietrogrande 5/5 - 1/2 -
T. Anthony Ryan 3/5 - --
Emmanuel Faber 2/5 1/7 --
Klaus Kirchberger 2/5 - 1/2 -
Board Audit Committee Remuneration Committee Air Safety Committee
There were no executive or nomination committee meetings held during the year.
The number of Board committee meetings held and attended during the year was as follows: