At the meeting dated 5th December 2003, the Board of Directors decided to carry out a self-assessment of its performance on an annual basis and a more thorough assessment every three years, possibly with the assistance of external consultants.
Pursuant to this decision, in late 2006 the Board of Directors commissioned an independent and internationally reputable consulting firm (SpencerStuart) to assist the Directors in evaluating the functioning of the Board of Directors within the specific framework of the shareholders agreement. In the course of the evaluation, the outside consultant held individual meetings with all EADS Directors (Executive and non-Executive). The results of the self-assessment have been reported in the Registration Document 2006.
Due to the corporate governance modifications having taken place in 2007 and the reconstitution of the Board of Directors during the last quarter of the year 2007 (October), an end-year self-assessment of the Board’s performance has not taken place, as its findings would not have been very relevant due to the short period of operation of the newly constituted Board of Directors. The next self-assessment will be carried out for the year 2008.
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