Air France 2007 Annual Report Download - page 51

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2006-07
49
Remuneration committee
The remuneration committee comprises three directors
and is primarily responsible for submitting
recommendations for the level of and changes to the
remuneration of corporate officers. It may also be asked to
give an opinion on the compensation of senior executives,
as well as on the policy for stock option plans for new and
existing shares. It met once during 2006-07.
Appointments committee
The appointments committee comprises three directors
and is responsible for proposing candidates to serve as
members of the Board of Directors as well as to replace
corporate officers, particularly in the event of unforeseen
vacancies. The committee did not meeting during the
2006-07 financial year.
Strategic Management
Committee (SMC)
Since May 2004, the Air France-KLM group has been
managed by a Strategic Management Committee,
comprised of four directors from Air France and four from
KLM, who meet every two weeks, alternating between
Amsterdam and Paris.
Within the framework of the strategy established by the
Board of Directors, the SMC takes the decisions
necessary to the effective functioning of the Group’s
activities, particularly with respect to network and hub
coordination, budgets and medium-term planning, fleet
plans and investments as well as alliances and
partnerships.
The SMC will be replaced in the second half of 2007 by a
Group Executive Committee, comprised of 11 members,
who fulfil responsibilities at the level of the Air France-KLM
group while retaining their functions within each entity.