Airbus // Universal Registration Document 2023
4. Corporate Governance 4.2 Interests of Directors and Principal Executive Officers
Overview on Individual Component achievements: The Chief Executive Officer’s Individual Component of the 2023 Annual Variable Remuneration was assessed by reviewing whether the objectives defined by the Board of Directors at the beginning of 2023 had been achieved. Following a review by the RNGC and the Board of Directors in February 2024 this assessment resulted in an overall achievement level of 135%.
Individual Component
Weight
Achievement
Outcome element
90%
133%
Top Company Objectives (communicated to all employees of the Company and shared with the Executives and Managers of the Company)
30%
120%
Individual objectives (how the CEO contributes to the success of the Company)
60%
140%
Behaviour element
10%
150%
2023 CEO’s Individual Component performance achievement
135%
The Individual Component has been assessed according to two sets of complementary elements: I. Outcomes element The outcome element is composed of: – – The Top Company Objectives : accounting for 30% of the total CEO Individual Component, which are shared with Executives and Managers of the Company to promote collective alignment; In 2023, there was an intention to create a truly shared spirit of collective engagement and solidarity across the Commercial Aircraft business towards the ultimate operational target consisting of reaching the delivery guidance, hence increasing the Company’s productivity and efficiency. It translated into an individual objective shared by around 6,000 key contributors to the Commercial Aircraft business. Despite a complex operational environment, 735 aircraft were delivered ( versus a guidance of around 720) in 2023. – – The CEO’s Individual objectives : accounting for 60% of the total Individual Component, they encompass various aspects of what the CEO can do to contribute to the success of the Company, such as specific business results he achieves, projects he drives and processes he improves. As disclosed in the 2022 Universal Registration Document, published in April 2023, the individual priorities of the CEO for 2023 comprised: operational performance, market position in commercial aviation, major European defence programmes, Environment, Social and Governance topics, Digital and Decarbonisation roadmap, leadership team development and portfolio management.
250 Airbus Annual Report
Universal Registration Document 2023
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