Airbus 2010 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2010 Airbus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

LONG-TERM VALUE
Finally, the Remuneration and Nomination Committee had the complex task
of redesigning EADS’ remuneration system. The Board approved the
proposed measures. We did not take this decision lightly because the levers
of performance management and planning are very sensitive. But this was
a prudent decision, as we need carefully calibrated indicators to steer EADS’
ambition effectively. I am convinced the new mechanism put in place is geared
towards achieving this objective.
In summary, the Board played its part in EADS’ recovery in 2010. We were
pleased to note that the share price reflected this positive trend. Clearly, our
positive results have raised the bar in terms of market expectations. We will do
our utmost to ride this successful path. Accordingly, the Board will focus on
three particular aspects in 2011:
Firstly, we will continue and improve our work by fine-tuning newly
introduced procedures and processes. A special emphasis will remain
on de-risking of programmes further.
Secondly, we will concentrate on strategic initiatives to ensure EADS
is poised for global growth and for capturing evolving business sectors,
while anticipating changes in the competitive landscape.
Thirdly, we will use the new target setting and remuneration process
to ensure sustainable financial progress towards benchmark profitability.
All these efforts provide a sound basis which will ensure that the successful
work of the Board will sustainably be pursued.
EADS’ development since its foundation is a source of great pride for us.
Our employees continuously show their enthusiasm for our products and
their loyalty to the community we form together. Now, as EADS pushes ahead
with its flight into the future, we are committed to holding the course. We all
share the same interest in the pursuit of sustainable profitability for EADS: your
priorities are ours. It is with great pleasure that the Board of Directors proposes
a resumption of the Company’s dividend policy to reward you for your loyalty
with a payment of 22 cents for 2010. This is a first step towards our objective
of achieving a gradual improvement of dividend in the coming years, through
enhanced profitability and programme execution. It is our honour to serve you
on this exciting flight.
Truly yours,
“As EADS pushes ahead with
its flight into the future, we are
committed to holding the course.”
LETTER FROM THE CHAIRMAN OF THE BOARD
Bodo Uebber
Chairman
9