Realigning the Board of Directors of a major European airline group with its strategic challenges
Situation and challenges
Formed by the merger of two companies with strong national cultures and roots, this European airline group faces significant strategic challenges. Aligning the Board of Directors with these challenges and the plans to address them, as well as improving its operating procedures, are imperative for the success of the group and its newly appointed CEO.
Key achievements
Initially, meeting with each director to identify their perception of the challenges facing the group and the urgency of addressing them.
Then, sharing these challenges within the board and prioritizing them, and working towards a consensus on the directions the CEO could pursue.
Evaluation of each director's contributions to the board's functioning and working conditions. Recommendations endorsed by the Board Chairman concerning:
- The procedures for developing and monitoring the implementation of the group's strategy
- The organization, preparation, and facilitation of board meetings
- The management of potential conflicts of interest within the board
- The distribution of roles and coordination between the group's Board of Directors and the boards of its constituent national airlines.