Overview of the Company-Air Canada
Overview of the Company
Air Canada is the largest airline in Canada and the 15th largest commercial airline in the world to day (About Air Canada, 2012). Their headquarters are held and located in Montreal, Quebec. They have three hubs throughout Canada, in Toronto (YYZ), Montreal (YUL and Vancouver (YVR). Air Canada’s main line of work is providing aviation transportation service to customers, along with offering specialty charter services. They provide these services along with incorporating a number of subsidiaries to satisfy the needs of all customers. These subsidiaries include; Air Canada Jetz, Express, Vacations and Cargo. These subsidiaries are implemented to meet the needs of different customers. Services include connecting smaller cities with Air Canada’s domestic hub airports and focus cities, catering to corporate clients and professional sports teams, cargo service, and providing vacation packages to several destinations. (Corporate Profile: Overview March 2012, 2012)
Governance
The board of directors at Air Canada consists of eight persons. These eight persons are responsible for laying down the strategy and general policy of the company. They also ensure that the principles of good governance are respected, while acting as a guide solely by a concern for the interests of the company in relation to entirety of its shareholders, its customers and staff. The boards consist of one CEO, Calin Rovinescu since April 1 2009 and eight other directors acting as independent directors. (Board of Directors, 2012)
Calvin Rovinescu
Chief Executing Officer
Coopted April 1 2009 (Board of Directors, 2012)
Bernard Attali
Independent director
Director since November 2006
Member of the Governance and Corporate Matters Committee, member of the Human Resources and Compensation Committee, and member of the Nominating Committee. (Board of Directors, 2012)
Michael M. Green
Independent Director
Director since March 2009
On the Chair of the Audit,
Air Canada is the largest airline in Canada and the 15th largest commercial airline in the world to day (About Air Canada, 2012). Their headquarters are held and located in Montreal, Quebec. They have three hubs throughout Canada, in Toronto (YYZ), Montreal (YUL and Vancouver (YVR). Air Canada’s main line of work is providing aviation transportation service to customers, along with offering specialty charter services. They provide these services along with incorporating a number of subsidiaries to satisfy the needs of all customers. These subsidiaries include; Air Canada Jetz, Express, Vacations and Cargo. These subsidiaries are implemented to meet the needs of different customers. Services include connecting smaller cities with Air Canada’s domestic hub airports and focus cities, catering to corporate clients and professional sports teams, cargo service, and providing vacation packages to several destinations. (Corporate Profile: Overview March 2012, 2012)
Governance
The board of directors at Air Canada consists of eight persons. These eight persons are responsible for laying down the strategy and general policy of the company. They also ensure that the principles of good governance are respected, while acting as a guide solely by a concern for the interests of the company in relation to entirety of its shareholders, its customers and staff. The boards consist of one CEO, Calin Rovinescu since April 1 2009 and eight other directors acting as independent directors. (Board of Directors, 2012)
Calvin Rovinescu
Chief Executing Officer
Coopted April 1 2009 (Board of Directors, 2012)
Bernard Attali
Independent director
Director since November 2006
Member of the Governance and Corporate Matters Committee, member of the Human Resources and Compensation Committee, and member of the Nominating Committee. (Board of Directors, 2012)
Michael M. Green
Independent Director
Director since March 2009
On the Chair of the Audit,
Cited: About Air Canada. (2012). Retrieved November 3, 2012, from Air Canada Website: http://www.aircanada.com/en/about/index.html Air Canada Air Canada Foundation. (2012). Retrieved November 13, 2012, from Air Canada Website: http://www.aircanada.com/en/about/community/foundation/index.html Airlines and Bankruptcy Protection Annual Report 2011. (2011). Retrieved November 14, 2012 , from Air Canada Web Site: http://www.aircanada.com/en/about/investor/documents/2011_ar.pdf?d=041112 Board of Directors Calin Rovinescu CEO. (2012). Retrieved November 12, 2012, from Air Canada Web site: http://www.aircanada.com/en/about/media/bio/Rovinescu.html Chittley, J CORPORATE POLICY AND GUIDELINES ON BUSINESS CONDUCT. (2012, November 10). Retrieved Febraury 8, 2012, from Air Canada Web Site: http://www.aircanada.com/en/about/media/codeofconduct.pdf Corporate Profile: Overview March 2012 Executive Biographies. (2012). Retrieved November 13, 2012, from Air Canada Website: http://www.aircanada.com/en/about/media/bio/index.html Leave Less Press, T. C. (Ed.). (2011, April 2011). Air Canada CEO’s pay soars to $4.6M. Retrieved November 14, 2012, from The Spec: http://www.thespec.com/news/business/article/515364--air-canada-ceo-s-pay-soars-to-4-6m Press, T Press, T. C. (Ed.). (2012, August 8). Air Canada plans low-cost international carrier in 2013. Retrieved November 13, 2012, from CBC News: http://www.cbc.ca/news/business/story/2012/08/08/air-canada-loss.html Press, T