Anyone becoming a company director faces a steep learning curve; this book will give every director and especially one joining the board of an airline, a head-start on the process.
Airline Governance: The Right Direction will help existing directors, those who have been newly appointed and those ‘in waiting’ in a company’s management. This book reviews the fundamentals of corporate governance and puts them into the context of guiding, directing and managing an airline, and also complements the discussion of accounting and finance in its sister book Airline Management Finance: The Essentials. The detailed review will give directors confidence to make decisions on governance matters, avoiding a ‘tick the box’ approach and focusing on what is important. This book not only gives directors a comprehensive introduction to good governance, but also discusses the application of the principles of governance for an airline at various stages of its development so any changes can be made at the right time.
Understanding corporate governance not only helps directors, but also an airline’s senior and junior management, because the considerations around matters such as ‘conflict of interest’ apply to all decision-makers in the organisation. Understanding and applying good governance does not guarantee success, but it surely helps in achieving it.
Table of Contents
1 Corporate Governance and how it works. 2 The Board of Directors and how it works. 3 Organising the Board 4 Strategy 5 Reporting 6 Changing Corporate Governance with growth 7 Subsidiaries and related companies 8 Reviews 9 What comes next?
Victor Hughes is a Chartered Management Accountant and a Fellow of The Hong Kong Institute of Directors who spent most of his career in asset-intensive industries and was Finance Director on the board of Cathay Pacific Airways Ltd.