Annual report and accounts 2016

74
Report of the Nominations Committee continued
The appointment of Marc Bolland and Emilio Saracho
1
2
3
4
5
Search initiated in
accordance with
Board succession
plans
Skills and business
experience
priorities and
required attributes
discussed and
agreed
Executive Search
Firm engaged to
assist with the
search
(refinement
of search
specifications)
First long-list
of potential
candidates
considered
Second long-list
of candidates
reviewed and
shared with
the Board
6
7
8
9
10
Short-list agreed
Interviews
completed
Second vacancy
identified and
process broaden
to cover both
positions
Nominations
Committee
considered
final candidates
and made
recommendation
to the Board
Appointment
announced by the
Board, and
published report
on the proposed
appointments for
submission to the
Shareholders’
Meeting
Appointments
approved by the
Shareholders’
Meeting
Induction of directors
The induction programme for new directors was reviewed in line
with the feedback received from directors and specifically
arranged according to the needs of the two non-executive
directors appointed this year. This is described in more detailed
on page 63.
Succession planning
As already stated, the Nominations Committee continued to
review and refresh non-executive director succession planning.
This year the Committee postponed its full review of succession
plans in order to benefit from the conclusions of the external
Board performance evaluation that was completed in
September. In accordance with this, the Committee reviewed the
skills matrix, as well as the likely pattern of Board retirements over
the coming years, and agreed on future priorities.
The Committee also continued to review and assess the
succession arrangements for executive directors, and for key
executive positions at IAG and at the operating companies.
Building on the work completed in 2015 in identifying potential
candidates for each role, during 2016, much of the work focused
on the assessment of the potential candidates identified and the
discussion of individual development. During 2017, management
will continue with this exercise and will also pay special attention
to diversity mix considerations.
Annual evaluation of performance
The Committee reviews directors’ performance and
independence as part of the Committee’s assessment of their
eligibility for re-election. The performance, commitment, ability
and availability of each of the non-executive directors were
reviewed and discussed with them privately by the Chairman.
The results were shared with the Nominations Committee and
the Committee recommended each director standing for reelection
at the 2016 Shareholders’ Meeting to be re-elected.
An evaluation of the Committee’s performance was completed
as part of the external evaluation process carried out in 2016. The
Committee was found to be operating effectively. The
Committee’s objectives for 2017 are described within the Board
performance evaluation information on page 64.
Board diversity
The Nominations Committee reviewed the new Directors
Selection and Diversity Policy which was submitted for Board
approval on January 28, 2016. This policy is available on the
Company’s website.
There are currently three female directors on the Board,
representing 25 per cent of the Board positions, and one of them
chairs one of the Board committees. Under the new Directors
Selection and Diversity Policy, the female representation target
has been increased this year to 33 per cent by the end of 2020 in
line with the recommendations of the final report of the Women
on Boards Davies review published in the United Kingdom.
It is the Nominations Committee’s intention to reconcile the
achievement of this objective with preserving the general
diversity and merit based appointment principles established in
IAG’s policy.
Further details on diversity, can be found on page 61 of this
Corporate Governance section and on page 49 of the
Sustainability section.
INTERNATIONAL AIRLINES GROUP
INTERNATIONAL
Annual Report and
AIRLINES
Accounts
GROUP
2016
Annual Report and Accounts 2016