Societe International De Telecommunications Aeronautiques

“There are complex business relationships among the airlines served by sita sc. For instance, key employees are present within the airlines who also comprise the board of sita sc. There may also be ownership relationships between these airlines & certain directors of sita sc also sit on the board of these airlines.”

“The organization has members who hold voting shares in the company.”

“The organization's members elect the members of the board in accordance with the articles of association.”

“The organization's members approve the governing bodies' decisions to amend the articles of association, adopt the annual accounts, dissolve the society, and modfiy the society's objectives.”

“Information is collected by the finance, legal and human resources departments, according to the nature of the information requested. The complete forms are then reviewed with our taxation advisors, the cfo, and the ceo prior to being authorized for signature by the ceo of the company.”

“Directors are required to disclose potential conflicts of interest annually. Officers and key employees are required to disclose approximately every two years. The organization does not have any trustees.”

“The organization sets the compensation of officers and key employees based upon external market benchmarks, which is determined by an outside firm. The ceo then recommends the renumeration of her direct reports, which is then approved by the renumeration committee. There is contemporaneous documentation of the decision.”

“Governing documents are available at the registry of commerce in brussels and financial statements are filed annually with the central bank of belgium. The conflict of interest policy is not made available to the public.”

“On a standalone basis the organization prepares an audited financial statement in accordance with the accounting principles applicable in belgium. Audited information is then converted to u.s. Dollars for form 990 reporting purposes. The organization is also included in consolidated audited financial statements prepared in accordance with ifrs.”

“The organization was not required to file any forms fincen form 114 for accounts held during the 2019 tax year. The organization did, however, have signature authority over accounts in the following regions: middle east, sub-saharan africa, north america, south america, central america, east asia, europe, and south asia.”