Airbus SE (stock exchange symbol: AIR) has published the agenda for its 2021 Annual General Meeting (AGM) to be held on 14 April, with resolutions including the renewal of the Board mandates of Chairman René Obermann and three other non-executive directors.
In line with its policy of ‘staggered’ Board terms, shareholder approval will be sought for the re-appointment of René Obermann, Amparo Moraleda, Victor Chu and Jean-Pierre Clamadieu as non-executive members of the Board of Directors for a term of three years. Subject to the renewal of his Board mandate by the AGM, René Obermann will remain the non-executive Chairman of the Airbus Board of Directors.
Board mandates are renewed every year in blocks of four, for terms of three years, in order to ensure a smooth transition of the Board’s composition now and in the future. This also avoids any large block replacements of directors at any single shareholder meeting.
Other resolutions include an annual advisory vote on the implementation of the remuneration policy for the year 2020 as disclosed in the Report of the Board of Directors published on 26 February 2021.
The set-up of the AGM reflects the continuation of COVID-19 restrictions and the uncertain evolution of the pandemic. In the current context, to prioritise health and safety, Airbus strongly discourages physical attendance at the meeting and is recommending shareholders vote by proxy.