Airbus // Universal Registration Document 2023

4. Corporate Governance 4.1 Management and Control

– – Decision to propose Mr Ralph D. Crosby, Mr Mark Dunkerley and Mr Stephan Gemkow for renewal as non-executive Board Members at the 2023 Annual General Meeting; – –Appointment at the 2023 Annual General Meeting and onboarding of a new non-executive Board Member, Mr Antony Wood. – – Board Committees composition review and appointment of Mr Antony Wood as a member of the Audit Committee. – – Board effectiveness review including improvement action plan update (see Board evaluation section below). – – CEO and Executive Committee members’ succession plan: regular talent and development plans review, including get to know sessions with selected talents. Compensation – –Non-Executive Directors’ remuneration evolution decision following a benchmark analysis performed by an independent advisor; – –CEO and Executive Committee members 2022 individual achievements assessment and 2023 roadmap definition; – – Extensive review of the CEO’s remuneration policy in light of a benchmark performed by an independent third-party and of shareholders’ and stakeholders’ feedback; – – Employees’ remuneration, retention and ownership schemes review. Annual General Meeting – –Preparation of the 2023 Annual General Meeting with the approval of the agenda, draft resolutions and report of the Board of Directors, preparation of the 2024 Annual General Meeting. Strategy off-site Board meeting, induction programme and other site visits Each year, the Board of Directors holds one strategy off-site meeting. In 2023, this meeting took place in Airbus Atlantic’s Tunisian premises where the Board met with the Company’s local teams and visited the industrial site as well as some of the Company’s suppliers located on the same site (Aeropark). There was a focus on Airbus’ aerostructure business, notably with a presentation on the manufacturing of detailed parts as well as on the sub-assembly and final-assembly of fuselage sections. In addition, Mr Antony Wood, as new member of the Board, joined by other members of the Board of Directors (in particular Stephan Gemkow and Mark Dunkerley), followed the Airbus induction programme aiming at providing relevant information to support them in their non-Executive Director roles as well as allowing them to meet Airbus Executive Committee members and senior talents of the Company. Three meetings were organised in 2023 as part of this induction programme: in Hamburg (Germany) at Airbus Commercial Aircraft business, in Toulouse (France) at Airbus Defence and Space Connected Intelligence site and in Getafe (Spain) at Airbus Defence and Space. During those meetings, presentations on business strategy and upcoming challenges were made by top Company executives to provide information about Company activities such as: – – A321 and A321XLR Final Assembly Lines visits; – – Unloading procedure at the Beluga centre observation; – –Exchanging with Trainees of the vocational training centre (Airzubis); – – Spacecraft production centre visit;

– –Meeting the Ariane 6 team and visiting the MRTT hangars and A400M maintenance, repair and overhaul (MRO) centre. Other site visits took place in 2023, including a visit of the Airbus-Leonardo ATR joint venture in Blagnac (France). Eager to engage with Airbus’ teams globally, René Obermann also visited in 2023 the sites of Hamburg, Manching (Germany) and Toulouse (France). In addition to the site visits, René Obermann had regular exchanges with Airbus top management leaders as

well as key stakeholders. Board Evaluation 2023 Principle

The Board of Directors implemented a continuous evaluation process of its performance based on a three-year cycle. As part of this process, every three years, a formal evaluation of the functioning of the Board of Directors and its Committees is conducted with the assistance of a third-party expert. In the two years succeeding such an outside evaluation, the General Counsel, being also the Corporate Secretary, issues a questionnaire focusing on the implementation of the improvement action plan resulting from the aforementioned third-party assessment and more generally on the Board performance. The outcome of such an internal evaluation is then presented and discussed at the December Board meeting. 2023 was the third and final year of the three-year cycle that started in 2021. In November 2023, the Board of Directors, therefore, carried out an internal evaluation based on a questionnaire issued by the General Counsel and circulated to each Board Member. The questionnaire covered the following key topics: – – overall Board performance; – – Board and Committees functioning and contribution; – – quality of topics covered at Board level; – – the relationship and dynamic between Board and Management and further amongst Board members; – – Board decision-making processes; – – Board composition and skills; – – Board and Management succession planning; and – – Board Secretary support. In this internal evaluation, the Board confirmed its overall satisfaction with the progress made within the Board in comparison to last year’s evaluation and the defined action plan that resulted from the formal evaluation conducted by a third party expert, Korn Ferry, in 2021. The Board notably valued the existing set of diversified skills and high level of expertise of its members. The Board highlighted the necessity to continue improving gender and geographical diversity and reinforcing the Board’s broad expertise, including technology expertise. It was noted that, under the Chairman’s leadership, the open and trusted debates as well as the Board dynamics – with a strong level of Board Members’ engagement – contribute to the good performance of the Board. The outcome of the questionnaire emphasised the trustful relationship between the Chairman, the CEO and the Board. The Board valued the current practice of having regular non-executive sessions and would welcome enhancing further the exchanges amongst non-executive members in preparation for the Board meetings.

230 Airbus Annual Report

Universal Registration Document 2023