Airbus // Universal Registration Document 2021
4. Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers
Performance Achievement – Individual Component The Individual Component in 2021 results from an achievement level of 140%, assessed by the RNGC and approved by the Board of Directors on the basis of achievement demonstrated on different criteria defined at the beginning of the year, as summarised in the table below:
OBJECTIVE
TARGET
Weight (%) Achievements (%)
Outcomes element
- - Customer - - Industrial Performance - - People - - B137 Sustainability - - Enable the Future
2021 Top Company Objectives
30%
128%
- - Prepare Airbus for post COVID-19 - - Consolidate our market position in commercial aviation - - Secure /Finalise the key strategic military programmes - - Environment, Social and Governance - - Set Airbus D133 onto the right trajectory for the Future
40%
150%
Personal Objectives
Behaviour element
- - Ethics & Compliance - - Personal Development - - Leadership Team Development
30%
140%
Personal Focus
140%
100%
The Individual component has been assessed according three sets of complementary objectives: – – Top Company Objectives Assessment – accounting for 30% of the total Individual Component – – CEO Personal objectives – accounting for 40% of the total Individual Component – – CEO Personal Focus – accounting for 30% of the total Individual Component I. Outcomes element A. 2021 Top Company Objectives They have been defined, structured around five clusters: – – Customer; – – Industrial Performance; – – Financial Performance; – – People; – – Sustainability; – – Enable the Future. A series of KPIs and associated targets have been set at the beginning of the year, for each of the clusters.
Each of the KPIs have been measured and compared to target, leading to a global measurement of the TCOs achievement at 128% of the targets, as per details shown on the table “summary CEO achievement – Individual Component” at the beginning of this chapter.
B. CEO Personal Objectives Consistently with the TCOs, Individual Objectives have been set up specifically for the CEO. They are structured around five priorities, detailed below. Each of the priorities have been assessed by the RNGC leading to a global achievement of 150% for the Personal Objectives, as per details shown on the table “summary CEO achievement – Individual Component”. The main and most noticeable factors for each of the five priorities determining the achievement level of CEO Personal Objectives included, but not limited to: 1. Prepare Airbus for post COVID-19 – – Despite disruption within the Supply Chain, achieved a strong alignment to secure single aisle family ramp up; – – A total of 611 commercial aircraft were successfully delivered, in line with 2021 delivery Guidance; – – Restructuring of our industrial set up, as an enabler of increased competitiveness. 2. Consolidate our market position in commercial aviation – – A strong single aisle market position achieved with 49% of market share and 24% of widebody market share including the launch of the A350 Freighter programme;
– – Gross commercial aircraft orders totalled 771 with net orders of 507 aircraft after cancellations; – – This year, the WTO dispute has been settled, putting an end to 17 years discussions with the US.
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Airbus / Registration Document 2021
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