Airbus 2015 Annual Report Download - page 162

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 130 l
Corporate Governance
4.2 Interests of Directors and Principal ExecutiveOfficers
Our E&C Cycle includes the following steps which are put in motion by empowered E&C Resources:
Empowered
Ethics &
Compliance
Resources
Early Detection
& Full Remediation
of Breaches
User-friendly
Policies,
Processes & Tools
adapted
Risks Assessed
& Mitigation Plan
Adopted
Effective
communication
& Training
Employees, customers, suppliers, and third-party intermediaries
are encouraged to freely share their E&C concerns with the
Management or with E&C Resources. While we have a non-
retaliation principle, we recognise that a confidential channel
for reporting may be useful and we have an alert system called
OpenLine. Subject to local legal restrictions, OpenLine is
available to employees of controlled entities in France, Germany,
Spain, the UK, Australia, Brazil, Canada, Mexico and Saudi
Arabia. It has been extended to India in 2015. A separate system
is also available for the USA. The AirbusGroup OpenLine can be
used by employees to raise concerns in relation with Corruption
and Bribery, Accounting, Finance, Anti-Competitive practices,
Harassment, Conflicts of Interest, Quality or Product Safety.
The Group General Counsel reports quarterly to the Audit
Committee. The report contains details on Group significant
compliance allegations, including the allegations described
above under “—1.Information on Group Activities —1.1.8 Legal
and Arbitration Proceedings”. As a matter of transparency and
to leverage on lessons learnt, this report is shared with the top
management.
4.2 Interests of Directors and Principal
ExecutiveOfficers
4.2.1 Remuneration Policy
The Company’s Remuneration Policy covers all Members of the
Board of Directors: the CEO (who is the only Executive Director)
and the other Members of the Board (which is comprised of
Non-Executive Directors).
It should be noted that although the Policy relating to executive
remuneration only refers to the CEO, these principles are
also applied to the other members of the Group Executive
Committee, who do not serve on the Board of Directors, and to
a large extent to all executives across the Group. Upon proposal
by the CEO, the RNGC analyses and recommends, and the
Board of Directors decides the remuneration of the members
of the Group Executive Committee.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015