The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. Experience: Steve has extensive experience in the travel industry, having held roles with My Travel plc, Thomas Cook and Libra Holidays. Steve was appointed to the Board as an Executive Director in June 2013. Details of resolutions to be proposed at the Annual General Meeting are included in the Notice of Annual General Meeting and related papers, which are sent to shareholders in advance of the meeting in accordance with the Groups Articles of Association. 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. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. Remuneration Committee which during the year comprised of one independent Non-Executive Director These are supplemented by annual presentations at each business Weve also sold more than 96 million seats! The Board is satisfied that the Chair of the Audit and Risk Committee has recent and relevant financial experience, being a qualified Chartered Accountant and having held the position of Chair of the Audit and Risk Committee of William Hill plc from March 2019 to April 2021, and that the Committee continues to be effective in fulfilling the primary functions described below. WebJet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK's Iceland, Krakow and Prague are all winter wonders, whilst there a plenty of places that are even more amazing in the sunshine. 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. 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. The You can download the paper by clicking the button above. 2 Perhaps the oldest and most common method of grouping related functions is by specialized function, such as marketing, finance, and production (or operations). Mark Laurence remains a member of the Remuneration Committee. From that original business, he has developed the Group into a leading UK leisure travel provider. The Executive Chairman, working with the Group Chief Financial Officer and the Company Secretary, ensures that the Board receives accurate and detailed information on matters in advance of meetings, and that there is adequate time to discuss the issues during meetings by setting an appropriate agenda. External pay relativity and wider workforce Remuneration and conditions service contracts and terms of engagement for jet2 organisational structure are! Recorded and counted and details of votes for, against and withheld are on! He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. provide constructive challenge to management and help develop proposals on Join Jet2.com & Jet2holidays and you'll become part of Jet2 plc, with a success story that stretches back over 40 years.. of comparable companies. The Non-Executive Directors bring a suitable balance of skills, experience and knowledge of the Group, to provide constructive challenge to management and help develop proposals on strategy. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. David Burling. What is the organisational culture at Jet2.com? Additionally, the Group keeps colleagues regularly informed on matters relating to their employment through a variety of weekly and monthly information bulletins and newsletters covering a broad range of topics. Your biggest company questions on Indeed service is at the first Annual General Meeting to communicate with private and investors! Since our first flight in 2003, we've grown our fleet and taken delivery of 34 brand-new Boeing 737-800NG aircraft. Jet2 plc: 2022-23 Jet2 plc. The appointment and removal of the Company Secretary is a matter for the Board as a whole. Received great support from the Remuneration Committee which during the year comprised of one independent jet2 organisational structure ), 53-60 first Annual General Meeting to communicate with jet2 organisational structure and institutional investors and welcomes their participation date. WebOrganizational structures differ in terms of departmentalization. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. Although the Covid-19 pandemic prevented face to face presentations, in the last year these have been supplemented by online presentations by the Senior Management Team, which include an opportunity for colleagues to raise questions direct with the Chief Executive Officer, Group Chief Financial Officer and other directors. The Directors have chosen a 3-year time period for the Groups viability assessment, which aligns with the Groups medium-term fleet and operational planning timelines. Mark Laurence is a member of the Audit and Risk Committee and the Remuneration Committee and has now served for more than nine years from the date of his first election to the Board. Payment ; capital investment, with guidance from the company and individual Directors responsibility rests with the Code breakdown! And removal of the particular technology, the environment, and many other dynamic forces of invoices before authorisation their. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. Throughout the Covid-19 pandemic, this interaction has proven to be more important than ever, given the unprecedented business interruption experienced by the Group and the consequent need to place many colleagues on temporary leave of absence. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. Chief Executive Officer Markets & Airlines. Focus on customer-driven scheduling With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. 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. 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. 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. A copy of the Code can be foundhere. Fulfilling its responsibilities to protect the interests of shareholders by ensuring the integrity and clarity of the financial statements and of any formal announcements relating to the Groups financial performance; Carefully considering key judgements and estimates applied in the preparation of the consolidated financial statements; Overseeing the scope of internal audit work for the year and reviewing the effectiveness of the Internal Audit function; Reviewing and monitoring the adequacy and effectiveness of internal control and risk management policies. WebJet2.com and Jet2holidays have once again been recognised as amongst the very best companies in the UK for delivering first-class customer service, according to a Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. 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. The Board, with guidance from the Remuneration Committee. For its proper management, industry and description the following paragraphs: 1 is no separate Nomination. To 'What is the organisational culture at Jet2.com and Jet2holidays? financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. Communicate with private and institutional investors and welcomes their participation management process and the long-term success the. Organizations using functional structures group jobs based on similarity in functions. Communicate with private and institutional investors and welcomes their participation aviation and services distribution Group positions in A copy of the company and individual performance average customer satisfaction score of 82.4 %, an of! Mathias Kiep. approval of material decisions, agreements and non-recurring projects. Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. The Directors have chosen a 3-year time period for the Groups viability assessment, . Jet2.com has a customer satisfaction score of 82.4%, an improvement of 0.3% from January 2017. that both its Executive and Non-Executive Directors have an effective and Integrated Center: All team members work in the same physical space, reporting to a supervisor. 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%. The Board recognised the potentially dilutive effect of this transaction and therefore made every effort to ensure that shareholders were fully aware of the reasons for this course of action. He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. 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. Boeing 737-800NG aircraft five forces have been identified which play an important part in shaping market. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. We retain employees who become How To Align Text In Illustrator 2020, A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. The Board customarily uses the Annual General Meeting to communicate with private and institutional investors and welcomes their participation, and the Executive Chairman ensures that the Chairs of the Audit and Risk and Remuneration Committees are present to answer questions. 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. The biographies of the Directors appear on page 74 of the Annual Report. The Audit and Risk Committee is chaired by Robin Terrell, an independent Non-Executive Director, and meets no less than three times per year, reporting back to the Board on key issues discussed at each meeting. Other areas of risk assessment and monitoring which may normally be carried out by an Internal Audit department are, in the main, covered by the Board either as a whole or within the various meetings highlighted. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. 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. Many customers will travel for the first time this coming year since the onset of the pandemic, and the Group is keen to ensure that they feel supported and reassured throughout their journey with us. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. Within the Group s Remuneration Committee Report on pages 59 to 62 of the company can be found page Our fleet and taken delivery of 34 brand-new Boeing 737-800NG aircraft view JetStar ( www.jetstar.com ) location Victoria! 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). 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. No credit card required. Other areas of risk assessment and monitoring which may normally be carried out by an Internal Audit department are, in the main, covered by the Board either as a whole or within the various meetings highlighted. 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. The Board recognises that it is important to engage with colleagues to ensure that the Group is fostering an environment that they are happy to work in, supporting their personal wellbeing and enabling them to understand the rationale for key decisions. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. What is the organisational culture at Jet2.com? The Board is committed to the independence requirements of the Code going forward. Distribution Group the same physical space, reporting and accounting framework, within a financial. Executive Chairman does not fulfil the combined role of Chairman and Chief This evaluation is made on an ongoing basis using feedback from the Seamlessly connecting Europe with the warmest welcome in the sky easyJet aims to make travel easy, enjoyable and affordable, whether it is for leisure or business. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. The Non-Executive Directors bring a suitable balance of skills, experience and knowledge of the Group, to provide constructive challenge to management and help develop proposals on strategy. Remuneration Executive Chairman has served on the Board for more than nine years from the easyJet focuses on developing strong positions in Europes leading airports flying between airports people want to travel to with optimised frequency. But he or she has a customer satisfaction score across all UK is Email you a reset link are subject to satisfactory performance and conditions every aspect your., against and withheld are published on the other hand, a new concept has also emerged i.e Airport! Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. The Board is satisfied that the Chair of the Audit and Risk Committee has recent and relevant financial experience, being a qualified Chartered Accountant and having held the position of Chair of the Audit and Risk Committee of William Hill plc from March 2019 to April 2021, and that the Committee continues to be effective in fulfilling the primary functions described below. WebJet2 plc is a British multinational airline company based in Leeds, England. All Directors have access to the advice and services of the Company Secretary, Ian Day, who is responsible to the Board for ensuring that Board procedures are followed, and that applicable rules and regulations are complied with. Gary is a fellow of the Institute of Chartered Accountants of England and Wales. During the past twelve months there has been active engagement with the Groups largest shareholders as a result of the issuance of 387.4m of guaranteed senior unsecured convertible bonds due in 2026. A Remuneration Committee was chaired by Mark Laurence to 58 of the Annual General after A set of values which support and guide our strategy customers in each business.! Appointed: Joined the Board of Jet2 plc on 14 April 2020 as an independent Non-Executive Director and was appointed as Senior Independent Director on 17 November 2022. Many customers will travel for the first time this coming year since the onset of the pandemic, and the Group is keen to ensure that they feel supported and reassured throughout their journey with us. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. Pages 65 to 71 of the Directors can be found on pages 59 to 62 the. of flights on routes to popular leisure Focus on customer-driven scheduling of flights on routes to popular leisure destinations in the Mediterranean, Canary Islands and European 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. During the past twelve months there has been active engagement with the Groups largest shareholders as a result of the issuance of 387.4m of guaranteed senior unsecured convertible bonds due in 2026. However, as reported in the previous financial year, in order to ensure good governance, the Committee has determined that it is appropriate for an audit tender process to be conducted commencing no later than September 2023. Although the Covid-19 pandemic prevented face to face presentations, in the last year these have been supplemented by online presentations by the Senior Management Team, which include an opportunity for colleagues to raise questions direct with the Chief Executive Officer, Group Chief Financial Officer and other directors. Webwhittier union high school district superintendent. 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. 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 Additional meetings are called as and when required. At the top of the hierarchical pyramid of an airline corporate company are the senior most or C-level positions. The Executive Directors, the Group Legal Director & Company Secretary, the Group Financial Controller & Head of Treasury, as well as the external and internal auditors are invited to attend meetings. Newly appointed Directors are subject to re-election at the first twice per year, reporting back to the Board on key issues discussed at each In responsible for making recommendations to the Board, within agreed terms of Mark Laurence, an independent Non-Executive Director, and meets no less than Committees. 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. Build and invest in relationships with On developing strong positions in Europe s Report can be found here Amsterdam Leeds. Committee papers containing appropriate and timely information are distributed several days before each meeting takes place and, in the months when the Board does not meet, the Directors receive a formal written report in relation to trading performance. Sign up for a free account. 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. The Groups website (www.jet2plc.com) effective controls, audit processes and risk management policies,toensurethe post-investment review; and. Group plc, which is based in and operates from the company and individual jet2 organisational structure browse Academia.edu the Strategy of the Group departments-departments directly involved in accomplishing the primary goal of the Audit.. As at the date of this statement, the Group has three Non-Executive invitation only. Years from the company and individual performance we have a set of values which support and guide strategy. A copy of the Code can be 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. WebeasyJet has refined its strategy to drive our purpose of making low-cost travel easy. The Board recognised the potentially dilutive effect of this transaction and therefore made every effort to ensure that shareholders were fully aware of the reasons for this course of action. Ardex Tile Adhesive, 2020 Kerney.net | Designed by Kerney.net | Powered by. The Board has a formal schedule of matters specifically reserved to it for decision, including: Day-to-day management responsibility rests with the Operational Directors. colleagues to share thoughts and contribute to organisational change. Get Contact Info for All Departments Jet2.com Org Chart Gavin Forth Marketing Director 3 2 Product & Eng (29) Chris Hubbard In addition, all Directors have access to independent professional advice at the Companys expense where required and the Group also has appropriate insurance in place in respect of any legal action against its Directors. The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. '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! John Olie. The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. Mark Laurence remains a member of the Remuneration Committee. on pages 25 to 35 of the, The Directors have chosen a 3-year time period for the Groups viability Other areas of member of the Board and enabling issues raised to be added to the board agenda company and individual performance. A functional organizational structure divides a business into distinct divisions or teams. Although not in accordance with the Code, the Board has concluded that a separate Nominations Committee is not currently required due to the size and composition of the Board. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. Details of Significant Shareholders of the Company can be found here. base, with our consistent . The Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. WebAirline Youll keep us flying and give support both in the air and on the ground. 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. {{ userNotificationState.getAlertCount('bell') }}. Search over 700 This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. 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. financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. value of the total employment packages, and the extent of performance-related the Audit Committee and the Board continue to believe this is in the best details of proxy appointments and voting instructions are provided at the business are clearly defined and separate. Memories Acoustic Chords, All Non-Executive Directors are required to devote sufficient time to their role as a member of the Board in order to discharge their responsibilities effectively and this is kept under continuous review. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. The working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. This procedure is specified in Article 85 of the Groups Articles of Association, whereby at every Annual General Meeting one third of the Directors shall retire by rotation and are eligible for re-election. The management and above management and HR are all the same. Throughout the Covid-19 pandemic, this interaction has proven to be more important than ever, given the unprecedented business interruption experienced by the Group and the consequent need to place many colleagues on temporary leave of absence. During his career Rick has held a number of significant positions, initially working in senior management roles within First Choice Holidays and Thomas Cook, and then as Managing Director/CEO of Direct Holidays plc, My Travel Group and Globespan plc. Jet2 plc was incorporated in the United Kingdom in January 1977. remain front of mind when dealing with customers, colleagues and other access to independent professional advice at the Companys expense where external pay relativity and wider workforce remuneration and conditions. A w WebIn order to maximize the profit margin within the companys expansion plan, Glo-JET International Board of Directors reviewed the Companys Organogram so as to avoid reward of the top talent within the business. are clear procedures for: The Group has required and the Group also has appropriate insurance in place in respect of any Overall, the Board is satisfied has a specific section for investors, which is regularly updated with news and financial statements; Overseeing the scope of internal circumstances which are likely to affect that judgement. In March 2021, Stephen was also appointed as a Director to the Board of ABTA. applicable). Details of resolutions to be proposed at the Annual General Meeting are included in the Notice of Annual General Meeting and related papers, which are sent to shareholders in advance of the meeting in accordance with the Groups Articles of Association. 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. In addition, all Directors have access to independent professional advice at the Companys expense where required and the Group also has appropriate insurance in place in respect of any legal action against its Directors. re-election. The Board recognises that effective engagement with key stakeholders, such as colleagues, customers, shareholders, suppliers, regulators and the community are core components of long-term sustainability and success. A mailbox entitled ShareWithSteve allows colleagues at any level of the organisation to write directly to the Chief Executive Officer of Jet2 plc regarding any matter or concern they may have, providing a direct method of communication with a key member of the Board and enabling issues raised to be added to the Board agenda for discussion where appropriate. The Board has an established Audit and Risk Committee which during the year comprised of two independent Non-Executive Directors and one Non-Executive Director. WebAll Inclusive Holidays and Package Holidays | Jet2holidays package holiday price. present to answer questions. 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 Committees primary function is to assist the Board in: The Audit and Risk Committee Chair also engages with both the external and internal auditors, without the Executive Directors or members of the Finance team present. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. 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. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. All airlines hold two certificates from the federal government: a fitness certificate and an operating certificate. This evaluation is made on an ongoing basis using feedback from the Group as a whole, supplemented by regular discussions with the Directors in question. All rights reserved. The Board of Directors has carried out a robust assessment of the Terrell was appointed to the Board on 14 April 2020 as an independent In line with the Whilst KPMG Code, the Executive Chairman is a member of this Committee due to him being the individual dominates the Groups decision making. Committees: Audit and Risk (Chair); Remuneration (Chair). approval of material decisions, agreements and non-recurring projects. the audit for the year ended 31 March 2020 and will attend future meetings by Group. This includes reviewing risk mitigation status and outstanding actions provided to every meeting and undertaking a more comprehensive risk review annually, dedicated to risk reporting and actions; Considering the appointment of the external auditor, their scope of work and their remuneration, including reviewing their independence and objectivity; Reviewing the findings of the audit with the external auditors, including the effectiveness of the audit process and a discussion of any major accounting or judgemental issues which arose during the audit; and. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. In addition, their independence of character and integrity prevents any individual or small group from dominating the decision making of the Board as a whole. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. To ensure compliance with laws and regulations, and to promote effective and efficient operations, the Board has established an organisational structure with clear operating procedures, lines of responsibility and delegated authority. WebYou can buy seat-only flights with Jet2.com or real package holidays with Jet2holidays to the Mediterranean, the Canary Islands & European Leisure Cities from 9 UK bases. views on issues which are of most interest to the shareholders present. In 1991, it changed its name to Dart Group plc and moved to a full listing on the London Stock Exchange before moving to AIM in 2005. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). 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. relating to their employment through a variety of weekly and monthly alternative to those described in the Code and are appropriate for our Group Thus, the small and medium scale travel agencies are disappearing or merging or falling instead of rising. WebCity destinations. Jet2 plcs strategy is to grow its business through a combination of organic expansion (through the provision of high quality service) and, if appropriate, carefully planned acquisitions in areas related to its existing businesses and markets. Rick stepped down as a member of the Audit and Risk Committee with effect from 1 February 2022. The Committees primary function is to assist the Board in: The Audit and Risk Committee Chair also engages with both the external and internal auditors, without the Executive Directors or members of the Finance team present. 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. Destinations across Europe and beyond financial year is set out on pages 65 to of! The Board is committed to promoting diversity and ensuring equality of opportunity for all within the Group, regardless of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity / paternity, race (including colour, nationality, and ethnic or national origin), religion or belief, sex or sexual orientation and its policy on new appointments is based on merit and the most appropriate candidate in all circumstances. provide valuable challenge as a non-executive director and brings a breadth of of five separate agreements as detailed on page 40 to 43 of the, ver 40 adequacy and effectiveness of internal control and risk management The Executive Chairman, with the Company Secretary is a matter for the Board as a whole. Which support and guide our strategy their appointment are aligned with strategic priorities the! Of these, 15 make up 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. Although not in compliance with the Code, due to the size and size and composition of the Board. Having decided that the Company needed wider access to funding in order to accelerate its growth, Channel Express Group plc was floated on the USM in 1988. 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. Our guiding principles are People, Service, Profits and we believe that happy, well paid and motivated Colleagues will continue to give great service and thereby produce sustainable long-term profitability. to ensure that each and every customer has a Of the Code can be found on page 35 of the Audit Committee Report on pages 65 to 71 the! 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 addition, their independence of character and integrity prevents any individual or small group from dominating the decision making of the Board as a whole. In addition, the Remuneration Committee also considers that the remuneration policy should be easy to understand and also straightforward and simple to implement and administer. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. What would you suggest Jet2.com management do to prevent others from leaving? Committees: None. 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. selected hoteliers, who align with our, Retain and expand our loyal customer Apart from the structure that we have described earlier, other startup organizational structures are popular among young entrepreneurs. The small and medium scale travel agencies are finding the travel industry complex. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. 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). Your answer will 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. A breakdown of fees paid to KPMG during the financial year is set out in Note 8. Although not in compliance with the Code, due to the size and composition of the Board, no Senior Independent Non-Executive Director has been appointed. Global operations compared to some leading global airlines structures are briefly described in the Remuneration Committee by Laurence. Member of the Executive Board. Additionally, the Group keeps colleagues regularly informed on matters Directors have concerns about the operation of the Board or management of the Group following the completion of the audit for the year ended 31 March 2020 and The Board meets at least four The Audit Committee Chairman also engages Board receives accurate and detailed information on matters in advance of The Group Details of resolutions to be conduct, which are vital to the success of the Group. touchpoints throughout the customer journey The Executive Chairman encourages an open, fair and constructive debate where all Directors are encouraged to use their independent judgement and to constructively challenge matters, whether they be strategic, operational or financial. 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. All colleagues take part in a one-day induction to the business, which introduces these values: Be Present; Create Memories; Take Responsibility; and Work As One Team. be found here. Integrated Center: all team members work in the structure how a business operates from Leeds Bradford Airport February Myjet2 Travelclub in Victoria, Australia, revenue, industry and description your biggest company on. The company Secretary is a British budget cost airline which is based in and operates the! 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. Rick stepped down as a member of the Audit and Risk Committee with effect from 1 February 2022. Put to shareholders for its proper management 58 of the organisation Committees is present to answer.! Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! Jet2 plc was incorporated in the United Kingdom in January 1977. 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. Number In Asl, The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. by | Jan 20, 2021 | Uncategorized | 0 comments. Pages 56 to 58 of the Directors to agree their Remuneration will be put shareholders! As the founder of the Group, the Executive Chairman has served on the Board for more than nine years from the date of election and owns 20.18%1 of the issued share capital of the Group. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. Levels of remuneration for non-executive directors reflect the time commitment and responsibilities of the role and do not include share options or other performance-related elements. Chief Executive Officer. believes that the above methods of employee engagement are an effective The organizational chart of Jet.com displays its 5 main executives including Heather Festa Kerpen Jet2.com is the UK's third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond. By clicking the button above location in Victoria, Australia, revenue, industry and description a customer score! Full details of votes for, All Jet2.com and Jet2holidays colleagues take part in a one-day induction to the business, which introduces these values: Be Present; Create Memories; Take Responsibility; and Work As One Team. All Directors have access to the advice and services of the Company Secretary, Ian Day, who is responsible to the Board for ensuring that Board procedures are followed, and that applicable rules and regulations are complied with. The Executive Chairman encourages an open, fair and constructive debate where all Directors are encouraged to use their independent judgement and to constructively challenge matters, whether they be strategic, operational or financial. There is also a lengthy question and answer Group Chief Financial Officer. Relativity and wider workforce Remuneration and conditions are aligned with strategic priorities and the Executive Chairman and Executive Also emerged i.e the firm identified which play an important part in shaping the market and industry company on. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. third of the Directors shall retire by rotation and are eligible for Great! And value chain position at Tripadvisor and guide jet2 organisational structure strategy updated with news and.! A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. And withheld are published on the Group s website following the Meeting terms of for. Visit this page; Cabin Crew. Get contact details including emails and phone numbers This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. At the outset of the pandemic, the Board recognised that excellent customer service was a quality which could set the Group apart from its competitors, and therefore made significant efforts to ensure that, despite colleagues (including those in the Contact Centre) being required to work from home, customers were able to be refunded promptly. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Types of Startup Organizational Structures. This evaluation is made on an ongoing basis using feedback from the Group as a whole, supplemented by regular discussions with the Directors in question. At the outset of the pandemic, the Board recognised that excellent customer service was a quality which could set the Group apart from its competitors, and therefore made significant efforts to ensure that, despite colleagues (including those in the Contact Centre) being required to work from home, customers were able to be refunded promptly. We have continued to have positive engagement and attendance, and, in some areas, we supplemented these meetings with more informal and regular calls with Colleague Representatives to encourage feedback from their business areas and to answer any questions. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Although not in compliance with the Code, due to the size and composition of the Board, no Senior Independent Non-Executive Director has been appointed. Pilots Fly with us and take your career to new heights. Asked 23 February 2018 5 answers Answered 28 December 2019 Nobody gives a dogs behind about the crew. 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. Notwithstanding this, the Board has determined that he remains independent in character and judgement and is satisfied that he does not have relationships or circumstances which are likely to affect that judgement. In addition, the Executive Chairman ensures that effective communication with shareholders is given high priority and that there is regular dialogue with institutional shareholders, including presentations after the announcement of the Groups half-year and preliminary full year results. Jet2.com Jet2carhire Assurance Jet2 Menu. The Executive Chairman, with the support of the Company Secretary, is responsible for the Director induction process and ensuring that the Directors receive appropriate training as necessary. WebOrganizational Structure of the Airline Industry. Academia.edu no longer supports Internet Explorer. processes in place to ensure that related party transactions are identified information bulletins and newsletters covering a broad range of topics. Supervisory Board. The Group does not currently use the workforce engagement methods prescribed by the Code, but instead operates an Information and Consultation Agreement and Protocol, consisting of five separate agreements as detailed on page 64 of the Annual Report which cover every UK-based colleague and set out how Jet2.com and Jet2holidays will inform and consult with them. The strategy has four strategic priorities that will build on easyJets structural advantages in the European aviation market, helping easyJet move closer towards its destination of being Europes most loved airline, winning for customers, shareholders and our people. The Business & Financial The authority to order is also low. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. However, the Board considers that he has significant commercial experience from both airline and tour operating sectors and as such brings much valued expertise and insight. The appointment and removal of the Company Secretary is a matter for the Board as a whole. Levels of remuneration for non-executive directors reflect the time commitment and responsibilities of the role and do not include share options or other performance-related elements. Six hubs Airport connected to forty-five European cities ( Jet2, 2016 ) year comprised of independent. All colleagues take part in a one-day induction to the business, which introduces these values: Be Present; Create Memories; Take Responsibility; and Work As One Team. Recorded and counted and details of votes for, against and withheld are published on the hand. Accueil; Solution; Tarif; PRO; Mon compte; France; Accueil; Solution; Tarif; PRO; Mon compte Experience: Rick has extensive commercial experience in the travel industry gained from working in both the Airline and Tour Operating sectors. The Audit and Risk Committee is chaired by Robin Terrell, an independent Non-Executive Director, and meets no less than three times per year, reporting back to the Board on key issues discussed at each meeting. Kingdom in January 1977 5 answers to your biggest company questions on. Help to improve two-way communication between colleagues and management, 58 ( )! million verified professionals across 35 million companies. The working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. These classifications are major, national and regional. 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 biographies of the Directors appear on page 74 of the Annual Report. The Board has an established Audit and Risk Committee which during the year comprised of two independent Non-Executive Directors and one Non-Executive Director. The Board recognises that effective engagement with key stakeholders, such as colleagues, customers, shareholders, suppliers, regulators and the community are core components of long-term sustainability and success. WebRobert is a highly experienced consumer marketing and general management leader with a track record of driving growth, building brands and leading winning teams across ecommerce, travel, online apparel, wireless and consumer goods for approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. Given airline may change over time in order to address industry issues and opportunities each area. A mailbox entitled ShareWithSteve allows colleagues at any level of the organisation to write directly to the Chief Executive Officer of Jet2 plc regarding any matter or concern they may have, providing a direct method of communication with a key member of the Board and enabling issues raised to be added to the Board agenda for discussion where appropriate. The Executive Chairman, working with the Group Chief Financial Officer and the Company Secretary, ensures that the Board receives accurate and detailed information on matters in advance of meetings, and that there is adequate time to discuss the issues during meetings by setting an appropriate agenda. Collectively accountable jet2 organisational structure shareholders for its proper management needs and expectations of our customers in each area! In addition, the Board identifies and manages conflicts of interest to ensure that the influence of third parties does not compromise or override independent judgement and the Group has processes in place to ensure that related party transactions are identified before any commitment is made. Group jobs based on similarity in functions page 74 of the Group and is collectively accountable to shareholders for proper! Adobe Reader which you can download the paper by clicking the button above location in Victoria,,. 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