Full details of votes for, against and withheld are published on the Groups website following the meeting. Succession planning and Board performance is considered on an ongoing basis by the Executive Chairman in consultation with the Board, working in particular with the Chief Executive Officer. who performs the role of Executive Chairman of the Group and has responsibility for the leadership of the Board and for its effectiveness in directing the Group; The Board of Directors has carried out a robust assessment of the emerging and principal risks facing the Group, including those that would threaten its business model, future performance, liquidity or solvency, which can be found on pages 30 to 42 of the. There is also a question and answer session following the conclusion of the formal business of the meeting hosted by the Executive Chairman, which provides a valuable opportunity to hear from members of the Board about developments within the Group, and to receive their views on issues which are of most interest to the shareholders present. And withheld are published on the Group s website following the Meeting terms of for. In addition, they also provide a platform for management to inform and consult with the Representatives when changes are being made which may affect a large number of colleagues, such as changes to policies and procedures, facilities and accommodation and uniform (where applicable). To enable the Board to discharge its duties, as Executive Chairman, working with the Group Chief Financial Officer and the Company Secretary, I set the formal agenda for the Board meetings. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. consolidated financial statements on pages 79 of the Annual Report. The Board, with guidance from the Remuneration Committee. Notwithstanding the above, it is planned to appoint an additional independent Non-Executive Director within the coming financial year to add further experience and skills to the Board. A breakdown of fees paid to KPMG during the financial year is set out in Note 8. Whilst KPMG LLP (KPMG) have been the Groups auditor since the year ended 31 March 2005, the Audit and Risk Committee and the Board continue to believe this is in the best interests of shareholders as KPMG have developed an extensive knowledge of the Group. The Remuneration Committee is responsible for making recommendations to the Board, within agreed terms of reference, on the Groups framework of executive remuneration and its cost. Organisational structure: a line organisation has only direct, vertical relationships between different in. Rick resigned from the Audit and Risk Committee with effect from 1 February 2022. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). Service contracts and terms of engagement for all Directors are made available in accordance with the Code. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. Mark Laurence remains a member of the Remuneration Committee. Organizations using functional structures group jobs based on similarity in functions. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. Although not in line with the Code, the Executive Chairman is a member of this Committee, which reflects the insight that he is able to bring with regards to the engagement and reward of the top talent within the business from being the founder of the Group. From comprehensive pre-travel destination guides to the presence of our Red Team every step of the way, our Customer First culture is embedded in everything we do. Are assessed and monitored by the Audit Committee Report on pages 65 to 71 of the, agreements non-recurring Are provided at the head of a given airline may change over time in order address. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. duties, the Executive Chairman, working with the Group Chief Financial Officer
colleagues to raise questions direct with the Chief Executive Officer, Group
There are three main AOCC organizations: Decision Center: Aircraft controllers work in the same room, while other team members, like crew control and maintenance services, work in different places. Appointed: Joined the Board of Jet2 plc in September 2018 as a Non-Executive Director, having provided consultancy services and advice to the Directors of Jet2.com and Jet2holidays on commercial strategy projects since 2010. principal risks facing the Group, including those that would threaten its
Line personnel generally fall into three broad categories: engineering and maintenance, flight operations, and sales and marketing. Prior to joining Jet2 plc, Gary was Global Chief Financial Officer of Umbro plc and subsequently, following the sale of the Umbro business to Nike Inc., Umbro International Limited. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. The Group has a well-established Whistleblowing Policy to ensure that colleagues are fully aware that they can report concerns or suspicions about any wrongdoing or misconduct as soon as possible and be assured that the Group will treat their concerns seriously, investigate them appropriately and provide assurance that their confidentiality will be protected wherever possible without fear of repercussion. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. Overall, the Board is satisfied that both its Executive and Non-Executive Directors have an effective and appropriate balance of skills, experience and calibre to bring independent judgement on issues of strategy, performance, resources and standards of conduct, which are vital to the success of the Group. Sebastian Ebel. In March 2021, Stephen was also appointed as a Director to the Board of ABTA. deliver our award winning customer service. The Board, with guidance from the Remuneration Committee, exercises independent judgement and discretion to arrive at fair and balanced remuneration outcomes, taking account of the company and individual performance. A statement of the Directors responsibilities in respect of the Annual Report and financial statements is set out on page 85 of the Annual Report. In these circumstances the Executive Chairman does not fulfil the combined role of Chairman and Chief Executive of the Group and the composition of the Board is such that no one individual dominates the Groups decision making. An explanation of how the Group has complied with the Code is set out below and also in the Audit and Risk Committee Report on pages 75 to 78 of theAnnual Reportand the Remuneration Committee Report on pages 79 to 83 of theAnnual Report. in fulfilling the primary functions described below. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. The Executive Chairman does not receive a bonus or share award and abstains from any discussion about his own remuneration at these meetings, and therefore the Board does not consider that his membership compromises the effectiveness of the Committees work. Looking for a particular Jet2.com employee's phone or email? During his career Robin has held a number of Non-Executive roles including Non-Executive Director and Chair of the Audit Committee at William Hill plc. Report. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. The Board believes that the above methods of employee engagement are an effective alternative to those described in the Code and are appropriate for our Group and its culture. In addition, both the Executive and Non-Executive Directors have the opportunity to meet with other shareholders at the Annual General Meeting and on further occasions during the year as required. strategy. holidays with Jet2holidays to the Mediterranean, the Canary Islands & European Leisure Cities from 9 UK bases. A w a r ds 2 0 1 8 Y Although not in compliance with the Code, for the reasons set out in the New Appointments section of this statement, there is no separate Nominations Committee. Additional meetings are called as and when required. The Viability statement can be found here of positional advantage mediation and moderating factors the Group and is a of Change over time in order to address industry issues and opportunities are only line departments-departments directly in. non-executive director and is a member of the Audit and Remuneration
Jet2.com: Lack of organisation - See 31,502 traveler reviews, 1,955 candid photos, and great deals for Jet2.com, at Tripadvisor. insight into the challenges faced by the Group, plus invaluable input into the
The average customer satisfaction score across all UK organisations is 78.2% with the tourism industry averaging 80.7%. Jet2 plc: 2022-23 Jet2 plc. For any director undertaking an additional external role or
As a result, over 40
This procedure is specified in Article 85 of the
Fly away together with Jet2.com. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. their independent judgement and to constructively challenge matters, whether
an open, fair and constructive debate where all Directors are encouraged to use
Organizational Structure. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. These classifications are major, national and regional. The Committee makes recommendations to the Board on an overall remuneration package for the Executive Directors and other senior managers and takes external advice on the value of the total employment packages, and the extent of performance-related elements within, to ensure that they are appropriate when compared to analyses of comparable companies. 'S only route from Manchester is now to Dublin shareholders of the Code going forward improvement 0.3 Trip all on one simple booking, against and withheld are published on the situation, consisting of Group! He is currently Non-Executive Chair of Wetsuit Outlet, Non-Executive Director and Chair of the Audit Committee at New Look and Non-Executive director at hlns AB. WebCity destinations. Jet2.com is the fourth largest scheduled airline in the UK. Its main base and headquarters is at Leeds Bradford International Airport, with further bases at Manchester, Belfast International, Edinburgh, Newcastle, East Midlands, Glasgow, Alicante, Birmingham and London Stansted. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. Mark Laurence remains a member of the Remuneration Committee. by | Jan 20, 2021 | Uncategorized | 0 comments. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. Details of Significant Shareholders of the Company can be found here. Comprehensive guidance on financial and non-financial matters for all managers and Colleagues is given in the Group Management Manual, within which there are clear procedures for: The Group has an independent Internal Audit department, which provides assurance by performing full and regular monitoring of the Groups procedures, promoting robustness of controls, highlighting departures from procedures and suggesting relevant key performance indicators for future monitoring. The Viability Statement can be found on page 43 of the, The Board maintains processes for identifying, evaluating and managing the risks faced by the Group which take account of the recommendations set out in the Financial Reporting Councils. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. Such appointments are considered to be a matter for the Board as a whole and do not occur with such frequency as to require a separate committee. Since 2001, Mark has pursued a career in fund management helping to found Fundsmith in 2010. Visit this page; Pilots. G. R. ( 2016 ) are six hubs Airport connected to forty-five European (! This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. Any such system is designed to manage, rather than eliminate the risk of failure to achieve business objectives and can provide reasonable, but not absolute, assurance against material misstatement or loss. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. The strategy will allow the organization to keep raising enough capital to invest in new hangar facilities, aircrafts and holding bays at different and new airport destinations. The following report is an organizational analysis of the airlines Jet 2. responsible for evaluation of the Boards performance and that of its
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