Shareholders of Air France-KLM agreed on Monday to deepen its cooperation with Delta Air Lines and China Eastern, but shareholders also insisted that the company chooses a female for one of its newly created board positions.
The French-Dutch airline agreed to sell 10% of shares to the other two airlines, giving it a total of €750m in new capital. In exchange, Delta and China Eastern will each get a seat on the supervisory board.
However, since the quota agreed by the company that 40% of its supervisory board should be female, shareholders voted to appoint an additional female director.
Meanwhile, the proportion of Dutch boardroom roles held by women has fallen for the second year running, according to new figures.
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