Corporate Governance and Board Structure 1.
The Articles of Association regulate the activities and affairs of IATA. This corporate governance report (Report) sets out the corporate governance practices for financial year (FY) 2019 benchmarked against the Code of Corporate Governance 2018 (Code). This section contains the formal reference materials covering the IATA corporate governance structure. The board in … You can also find information about our Annual general Meeting, our Management, our Board of Directors and more. Caterpillar’s corporate governance program ensures we serve the interests of shareholders and other stakeholders with the highest standards of responsibility, integrity and compliance with all laws. Decision Making, Business Execution, and Audits. 2 Corporate Governance and Board Structure 1.1 Introduction Quoting Sir Adrian Cadbury from The Company Chairman (1990): "The classical theory of the board is that the shareholders elect the directors and authorize them to run the company on their behalf. Transparency and the speed of decision-making are improved through deliberations between directors who are well versed in the Company's business and outside directors who maintain a high degree of independence. Board Responsibilities. Corporate governance best practices suggest that companies disclose the composition of the board, specifically the balance between executive and non-executive directors. On December 18, 1945 assent was given to a special Act of the Canadian Parliament incorporating IATA. This The disclosure on board composition should also detail whether any non-executive directors have a direct or indirect affiliation with the company. Corporate governance Learn more about how we secure long term growth in a decentralized business model here. Corporate Governance The Group is committed to good corporate governance and managing its affairs in a fair and transparent manner to create long-term sustainable value for the Company’s shareholders and the wider community through ethical and responsible business practices. Developing an effective governance operating model 5 Encircling all elements of the framework is the corporate governance infrastructure. The governance infrastructure is the collection of governance operating models—the people, processes, and systems—that management has put in place to govern day-to-day organizational activities.
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