The members of each committee and the primary responsibilities of each committee are listed below. Blake Chair, Daniel A.
Conflict of Interest Each director must avoid any conflicts of interest between the director and the Company. And they outlined how Delta is building a business model that can be profitable over the long term regardless of the global economic cycle. Directors are encouraged to bring questions about particular circumstances that may implicate one or more of the provisions of this Code to the attention of the Chairman of the Delta airlines business plan Committee, who may consult with the Law Department or outside legal counsel as appropriate.
Confidentiality Directors should maintain the confidentiality of information entrusted to them by the Company and any other confidential information about the Company that comes to them, except when disclosure is authorized by the Chairman of the Board or Presiding Officer or legally mandated.
Corporate Opportunities Directors are prohibited from: He pointed out that so far this year that the paid passenger loads in first class is 57 percent, up from 45 percent in That means never assuming that short-term benefits, like cheaper fuel priceswill last forever. The Finance Committee reviews and approves or recommends to the Board commitments, capital expenditures and financing transactions.
Mattson Chair, Daniel A. We look forward to continuing this path and this trajectory. Company assets should be used only for business purposes, except for travel benefits and other incidental personal benefits which by Company policy are provided to all directors.
Gifts - Directors and members of their families may not accept a gift from persons or entities who deal with the Company in those cases where the gift: Much of what we want to do today is grow that confidence level in the marketplace and in the investor base, and continue to pursue higher returns for our owners.
And increasingly, that flying is being done on larger aircraft that are more popular with customers. Company assets - Directors should oversee the protection of Company assets and their efficient use.
The Audit Committee reviews and, if appropriate, approves or ratifies possible conflicts of interest involving members of the Board or executive officers and related party transactions that would be subject to disclosure under Item of Regulation S-K.
About 50 percent of operating cash flow is spent annually to support the fleet, product, facility and technology initiatives, he said. The Audit Committee reviews security of our information technology systems and operations. Waller Key Functions The Audit Committee oversees our financial reporting and disclosures processes, including the appointment of our independent auditors, review of the audit and work of our internal audit department and adequacy and effectiveness of our internal controls over financial reporting.
The next three largest airlines combined have had just 31 domestic cancel-free days. Compliance with Laws, Rules and Regulations Directors shall comply, and oversee compliance by employees, officers and other directors, with laws, rules and regulations applicable to the Company, including insider trading laws.
He also noted that Delta is creating a subsidiary called Delta Material Services to provide spare aircraft parts. This Code is intended to provide guidance to directors to help them recognize and deal with ethical issues, provide mechanisms to report possible unethical conduct, and foster a culture of honesty and accountability.
Revenue growth comes from flying to the right places and offering customers what they want. Blake on behalf of the non-management directors via email at nonmgmt. For purposes of this Code, "confidential information" includes all nonpublic or proprietary information relating to the Company. This Code provision will have no effect on existing legal rights and obligations of the Company and its employees, including "at will" employment arrangements.
Rial Key Functions The Finance Committee reviews and makes recommendations about the finance structure of the company; financial planning; commitments, capital expenditures, investments, acquisitions and divestitures; operating plans; capital structure and hedging activities.
No code or policy can anticipate every situation that may arise. Compensation from non-Company sources - Directors may not accept compensation in any form for services performed for the Company from any source other than the Company.
Compliance Procedures Directors should communicate any suspected violations of this Code promptly to the Chairman of the Audit Committee.
Blake serves as the non-executive Chairman of the Board and leads executive sessions of the Board. Carp Chair, Francis S. Executives focused on how Delta has consistently achieved or exceeded its goals in its customer service, financial and operational performance. Those investments drive long-term value for shareholders by making Delta the first choice for customers.
Anderson cited a new engine shop that will be opening in Atlanta in partnership with Rolls-Royce. A conflict situation can arise when a director takes actions or has interests that may make it difficult to perform his Company work objectively and effectively.
Some of the more common conflicts from which directors must refrain, however, are set out below: Innovative investments in technological excellence are paying off. DeWalt Chair, Ashton B.
This Code does not attempt to describe all possible conflicts of interest that could develop. The goal for is to bring that number to 70 percent.
You may contact Mr.Delta Air Lines is unique within the U.S. airline industry. Delta's management team hasn't been afraid to go against the industry consensus in recent years. Unusual aspects of Delta's business plan include using older planes, shifting flying back to its mainline operations from regional airlines, and refining its own fuel.
KEY FACTSSince the founding of Delta Air Lines, our company has HQ in Atlanta, GA Founded stood for safe and reliable air transportation, 52, Employees $22, Sales (in millions)distinctive customer service, and hospitality from $ billion merger with NWA World’s largest airline (by trafﬁc)the heart.
Once enrolled, your company can earn SkyBonus points when your employees fly with Delta or our partner airlines, including Air France, KLM, Alitalia and Aeromexico. Airline leaders explained how Delta is building a business model that can be profitable regardless of external forces.
Delta Air lines Corporate Investor Day: Delta lays out strategy for sustained success.
Sure, we fly business travelers to destinations all over the world. But Delta also helps companies of all sizes take flight — from small businesses to corporate enterprises. So whether your business relies on aviation communication, charter flights, cargo shipping, technical and training services or simply needs to make business travel more efficient.
Principles and Guidelines BOARD CODE OF ETHICS and Business Conduct The Board of Directors (the “Board”) of Delta Air Lines, Inc.
(the “Company”) has adopted the following Code of Ethics and Business Conduct (the “Code”) for members of the board of directors of the Company.Download