A compensation committee of independent directors is required. The committee must have a charter specifying the purpose, duties and evaluation procedures of the committee. Anko van der Werff, appointed by the Board of Directors of Avianca Holdings as the new president of the Company, is an expert in the airline industry, with extensive international and executive experience in companies such as Qatar and Aeromexico.
§303A.03 of the NYSE Listed Company ManualAudit committee. Travel with Avianca Colombia! Discover and book your plane tickets on Avianca Airlines Europe to destinations like Latin America, Central America, North America and more. His last position was with the Aeromexico Group, as Executive Commercial Vice President for the past 5 years. In 2005 the company is registered as Aerovías del Continente Americano S.A. New Age. Ethics and compliance. With certain exceptions, foreign private issuers are permitted to follow home country practice standards.We are registered in the Colombian National Registry of Securities and Issuers, and therefore we are required to comply with Colombian corporate governance practices for Colombian registered companies. Our board of directors has the obligation to verify compliance with the provisions of such code.The Board of Avianca Holdings SA is comprised of eleven (11) core members elected by the General Assembly of Shareholders, most of which are independent and can be reelected indefinitely.Established to monitor the financial performance of the company, as well as risk management, it is responsible for analyzing and recommending the capital and debt structure to the Board.This committee was formed to establish the model and strategy for the development and management of human talent and to recommend the basic philosophy and corporate goals and objectives relating to the compensation of the Company's personnel.To receive notifications via email, enter your email address and select at least one subscription below.
All rights reserved. See “Committees of the Board of Directors—Description of Other Committees—Human Talent and Compensation Committee.” However, this committee is not composed entirely of independent directors. As of today, passenger transport accounts for about 80% of Avianca Holdings S.A. consolidated revenues. However, Avianca still has a lot of work to do to decrease its leverage and establish a path to sustained profitability. Avianca S.A. (Akronym für Aerovias del Continente Americano S.A.) ist ein Luftfahrtunternehmen und die älteste Fluggesellschaft in Kolumbien mit Sitz in Bogotá und Basis auf dem Flughafen El Dorado.Sie ist nach der niederländischen KLM die zweitälteste noch existierende Fluggesellschaft der Welt. The majority of this website will not function as intended without JavaScript enabled. In 2009, the alliance with TACA was formalized and Avianca became a more innovative airline. A majority of board of directors must be independent, except in the case of a “controlled” foreign private issuer. Our audit committee has a written charter.We do not have a nominating/corporate governance committee. Our board of directors has the power to establish such a committee in the future on the terms that it deems fit.We have a Human Talent and Compensation Committee (Comité de Talento Humano y Compensación). In March 2011, Avianca Holdings S.A. adopted the Corporate Governance Code, which defines the parameters under which the organization seeks to ensure transparency in the development of the activities it carries strengthening the protection of shareholders and investors rights in the context of the Mission, Vision and Values. §303A.04 of the NYSE Listed Company ManualCompensation committee. Avianca, SAM and HELICOL join forces.
§303A.06 of the NYSE Listed Company Manual Audit committee additional requirements. Additionally, we have adopted a set of additional corporate governance guidelines as contemplated by the Sarbanes-Oxley Act of 2002 and by our bylaws, which include the establishment of:Director Independence. An audit committee satisfying the requirements of Rule 10A-3 under the Exchange Act.
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