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Monday 21 September 2020
Home News Tunisia: national carrier TUNISAIR to change its mode of governance

Tunisia: national carrier TUNISAIR to change its mode of governance

National airline TUNISAIR will hold an Extraordinary General Assembly on September 30, 2020 at its headquarters to decide on the draft amendment of the basic statutes of the company with regard to its mode of governance.

The draft provides for the modification of the company’s mode of governance by dissociating the position of Chairman of the Board of Directors from that of Chief Executive Officer and by appointing two independent directors and a representative of the small shareholders.

To this end, the Board of Directors of TUNISAIR will henceforth be composed of 5 members representing the State, 4 members representing shareholders, 2 independent members and 1 member representing minority shareholders.

The Chairman of the Board must be one of the 5 members representing the State on the Board of Directors.

As for the Chief Executive Officer, he will be appointed by the Board and is not one of its members.

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