Amsterdam, 19
December
2008
The remuneration and nomination committee of the Board of EADS has noted the AFEP-MEDEF recommendations of October 6, 2008 regarding the remuneration of executive directors of listed companies.
The committee considers that these recommendations are in line with the guidelines on Corporate governance of the Group. However, EADS, a company organized under Dutch law, applies the Dutch Code of Corporate Governance and also takes into account other existing recommendations in Europe.
In this context, the Committee has decided to change the remuneration policy of the EADS CEO - the only person affected by the recommendations.
This change of remuneration policy will be proposed by the Board of Directors to be ratified at the next annual general meeting in 2009 and the information will be published in the Board report to be presented at this meeting.
EADS is a global leader in aerospace, defence and related services. In 2007, EADS generated revenues of € 39.1 billion and employed a workforce of about 116,000. The Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and EADS Astrium, the European leader in space programmes from Ariane to Galileo. Its Defence & Security Division is a provider of comprehensive systems solutions and makes EADS the major partner in the Eurofighter consortium as well as a stakeholder in the missile systems provider MBDA. EADS also develops the A400M through its Military Transport Aircraft Division.
