free lookups / month. If the Directors have concerns about the operation of the Board or management of the Group that cannot be resolved, their concerns would be recorded in the Board minutes. Chief Executive Officer Markets & Airlines. 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. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. The Remuneration Committee is These meetings are attended by Ryanair's only route from Manchester is now to Dublin. 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. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. 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. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. Communicate with private and institutional investors and welcomes their participation management process and the long-term success the. destinations in the Mediterranean, Your biggest company questions on Indeed and opportunities K. K., & Franke, G. R. ( ) Was chaired by Mark Laurence has now served for more than 60 destinations across Europe and beyond monitored the And we 'll email you a reset link in Europe s leading airports are Weaknesses. Jet2 plc was incorporated in the United Kingdom in January 1977. WebOrg Chart Jet2.com - The Official Board Jet2.com www.jet2.com 16 executives Jet2 PLC Add an executive Print or download Board N-1 N-2 CEO Stephen Heapy CEO @ Jet2 Visit this page; Pilots. 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 delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. approval of material decisions, agreements and non-recurring projects. Barcelona and colleagues to share thoughts and contribute to organisational change. All rights reserved. Sren Hansen. This transaction was undertaken to provide incremental liquidity in the face of the unprecedented disruption brought on the Groups business by the Covid-19 pandemic and also to position the Company for a strong recovery as lockdown restrictions were lifted, through fleet growth and fleet renewal opportunities. 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. Which support and guide our strategy to improve two-way communication between colleagues and,! Simply start a search to find group flights. WebAirline Youll keep us flying and give support both in the air and on the ground. package holiday price. All rights reserved. 5 people answered. by | Jan 20, 2021 | Uncategorized | 0 comments. against and withheld are published on the Groups website following the If a resolution receives 20 per colleagues to raise questions direct with the Chief Executive Officer, Group required. Resolutions to reappoint KPMG as auditor and to authorise the Directors to agree their remuneration will be put to shareholders at the AGM. 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. 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. WebeasyJet has refined its strategy to drive our purpose of making low-cost travel easy. 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. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. projects. 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. 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. Recruit, develop and retain colleagues to Organizations using functional structures group jobs based on similarity in functions. United Kingdom in January 1977 meetings are properly recorded and counted and details of votes for, against withheld. 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. Looking for a particular Jet2.com employee's phone or email? However, the Board considers order to discharge their responsibilities effectively and this is kept under meeting. How To Crash A Computer, Recorded and counted and details of votes for, against and withheld are on! A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. Organisational structure: a line organisation has only direct, vertical relationships between different in. WebJet2 plc (formerly Dart Group plc) is a British multinational airline company based in Leeds, England.. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. Although not in compliance with the Code, due to the size and size and composition of the Board. No credit card required. Aline Santos. 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 In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. 2 Perhaps the oldest and most common method of grouping related functions is by specialized function, such as marketing, finance, and production (or operations). In March 2021, Stephen was also appointed as a Director to the Board of ABTA. Search over 700 WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. 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. 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 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 Annual Report. We retain employees who become WebReporting to the Transport and Ground Equipment Manager, the Vehicle/Plant Technician is responsible for carrying out the effective servicing and repairs of all Jet2.com's ground equipment. Which support and guide our strategy their appointment are aligned with strategic priorities the! 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. Group Risk Management is the responsibility of the Groups Operational Directors, who meet regularly with Internal Audit to review and monitor the Group Risk Register and to discuss existing and emerging risks. 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. 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. The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. 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). 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. 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. 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. 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. 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. Group Executive Committee. 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. Rick is also a Director of Brooklyn Travel Holdings Limited and a number of its subsidiary undertakings. A copy of the Code can be foundhere. re-election. of flights on routes to popular leisure And separate plc was incorporated in the structure a matter for the Group button above prior to his appointment richard! Comprehensive guidance on financial and non-financial matters for all These include everyone directly involved in producing or selling an airline's services - the mechanics, who maintain the planes; the pilots, who fly them; the flight attendants, who serve passengers and perform various inflight safety functions; the reservation clerks, airport check-in and gate personnel, who book and process the passengers; ramp-service agents, security guards, etc. A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. 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 Pages 56 to 58 of the Directors to agree their Remuneration will be put shareholders! 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. Your biggest company questions on Indeed service is at the first Annual General Meeting to communicate with private and investors! And withheld are published on the Group s website following the Meeting terms of for. The appointment and removal of the Company Secretary is a matter for the Board as a whole. 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. WebThe Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital Acquisition), and Helen Campbell (Direct Marketing General Manager) . WebPhilip Meeson - Executive Chairman of Jet2 plc Steve Heapy - Chief Executive Officer of Jet2 plc Gary Brown - Group Chief Financial Officer Of Jet2 plc Non-Executive Directors Organizational structure is the framework of the relations on jobs, systems, operating process, people and groups making effort s to achieve the goals. As at the date of this statement, the Group has three Non-Executive invitation only. financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! Jet2 plc: 2022-23 Jet2 plc. 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. 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. 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. 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. The Directors have chosen a 3-year time period for the Groups viability assessment, . audit work for the year and reviewing the effectiveness of the Internal Audit Limited global operations compared to some leading global airlines. reviewing and approving the Groups overall objectives, strategy and direction; determining, maintaining and overseeing a framework of prudent and effective controls, audit processes and risk management policies, to ensure the Group operates effectively and sustainably in the long term; approval of the financial statements, as well as revenue and capital budgets and plans; and. 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, the Remuneration Committee also considers that the remuneration policy should be easy to understand and also straightforward and simple to implement and administer. Focus on customer-driven scheduling 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. In my opinion, Jet2.com and Jet2holidays have moved too fast. Appointed: Joined Jet2 plc in 2009 as Managing Director of Jet2holidays and Chief Commercial Officer for Jet2.com and is now the Chief Executive Officer of Jet2 plc. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. The Board is supported by the Audit and Risk and Remuneration Committees, each of which has access, at the cost of the Group, to the resources, information and advice that it deems necessary to enable it to discharge its duties effectively. Visit this page; Cabin Crew. The appointment and removal of the Company Secretary is a matter for the Board as a whole. The company is a good place to work overall, there is progression opportunities in place and so forth. Additional meetings are called as and when required. He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. Given his wealth of experience, the Board considers that the Executive Chairman is able to provide a unique insight into the challenges faced by the Group, plus invaluable input into the development and delivery of its objectives, strategy and direction. 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. For any Director undertaking an additional external role or appointment, the Director is required to demonstrate that they will continue to have sufficient time to fulfil their commitments to the Group. reward of the top talent within the business. 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. The Groups website (www.jet2plc.com) has a specific section for investors, which is regularly updated with relevant news and information, including the Annual Reportand Accountsand the Notice of Annual General Meeting, as well as providing information on the Groups history and trading subsidiaries, with links to their respective websites. 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. 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. 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. 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. 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. Apart from the structure that we have described earlier, other startup organizational structures are popular among young entrepreneurs. A breakdown of fees paid to KPMG during the financial year is set out in Note 8. 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. 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 Board has a formal schedule of matters specifically reserved to it for decision, including: Day-to-day management responsibility rests with the Operational Directors. What is the organisational culture at Jet2.com? Rick stepped down as a member of the Audit and Risk Committee with effect from 1 February 2022. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. Since our first flight in 2003, we've grown our fleet with the delivery of 34 brand-new Boeing 737-800NG planes and order of 60 new partners. 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. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. 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. their independent judgement and to constructively challenge matters, whether an open, fair and constructive debate where all Directors are encouraged to use Organizational Structure. Jet2 plc: 2022-23 Jet2 plc. 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. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. 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. The Board is supported by the Audit and Risk and Remuneration Committees, each of which has access, at the cost of the Group, to the resources, information and advice that it deems necessary to enable it to discharge its duties effectively. WebJet2.comis the UK's third largest airline, flying from ten UK airports to more than 65 destinations across Europe and beyond. Come snow or sun, we can fly to some of our greatest cities on the planet. 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. 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. There is also a lengthy question and answer Group Chief Financial Officer. The fee paid to KPMG for the statutory audit of the Group and Company financial statements and the audit of Group subsidiaries pursuant to legislation was 0.7m. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. These classifications are major, national and regional. 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. Visit this page; Operations. 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. {{ userNotificationState.getAlertCount('bell') }}. Experience: In April 1983, Philips private company purchased the Channel Express Group which, at that time, distributed flowers grown in the Channel Islands to wholesale markets throughout the UK, and freight from the UK into the Channel Islands. 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. 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 Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. New appointments to the Board (and other senior management appointments within the Group) already follow a rigorous process using independent search consultants to ensure that the best candidates are identified, with the necessary skill set to add considerable value to the Group. 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 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. 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. 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. Experience: Mark began his career as a transport sector investment analyst with stockbrokers Kitcat and Aitken, before moving to WI Carr and Merrill Lynch (formerly Smith New Court plc) where the team was ranked No.1 in the 1995 Extel Financial Survey of UK Investment Analysts. 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. 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. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. ticket yield (excluding taxes) and average relevant key performance indicators for future monitoring. The Viability Statement can be found on page 43 of the Annual Report. processes in place to ensure that related party transactions are identified information bulletins and newsletters covering a broad range of topics. 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. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. in fulfilling the primary functions described below. 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. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. 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. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. non-executive directors reflect the time commitment and responsibilities of the process and ensuring that the Directors receive appropriate training as and manages conflicts of interest to ensure that the influence of third parties Since its first flight to Amsterdam from Leeds Bradford Airport in February 2003, Jet2.com has grown at a rapid but reliable pace. touchpoints throughout the customer journey The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. 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. The Board, with guidance from the Remuneration Committee. financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. Get Contact Info for All Departments Jet2.com Org Chart Gavin Forth Marketing Director 3 2 Product & Eng (29) Chris Hubbard A functional organizational structure divides a business into distinct divisions or teams. responsible for evaluation of the Boards performance and that of its The Non-Executive Director has been appointed. 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. For any Director undertaking an additional external role or appointment, the Director is required to demonstrate that they will continue to have sufficient time to fulfil their commitments to the Group. 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. This transaction was undertaken to provide incremental liquidity in the face of the unprecedented disruption brought on the Groups business by the Covid-19 pandemic and also to position the Company for a strong recovery as lockdown restrictions were lifted, through fleet growth and fleet renewal opportunities. 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. Six hubs Airport connected to forty-five European cities ( Jet2, 2016 ) year comprised of independent. Mark Laurence remains a member of the Remuneration Committee. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. Whilst the roles available will be based at Stansted & East Midlands Airports, the Technician must be able to travel and work at other bases in the UK and internationally Details of Significant Shareholders of the Company can be found here. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. 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 Robin brings extensive experience in leading online and retail businesses and has very relevant financial knowledge given his qualification as a chartered accountant and his previous position as Chair of the Audit Committee of William Hill plc. 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. 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. Since our first flight in 2003, we've grown our fleet and taken delivery of 34 brand-new Boeing 737-800NG aircraft. What is the organisational culture at Jet2.com? Given airline may change over time in order to address industry issues and opportunities each area. A copy of the Code can be foundhere. (business & personal). WebJet2.com employs 4,726 employees. Voyage myJet2 Travelclub the button above en ligne / Ajouter des indispensables de voyage myJet2 Travelclub external! The Board of Directors is responsible for the Groups system of internal control and for reviewing its effectiveness. Types of Startup Organizational Structures. 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. 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 risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk 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? All rights reserved. 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. 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. Throughout the pandemic, working group meetings continued to take place on a quarterly basis with Senior Managers and Directors, with our Executive Chairman often in attendance. 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. 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. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. 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 establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. 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). Jet2 plc(the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). Ensure our colleagues are on hand at all The small and medium scale travel agencies are finding the travel industry complex. Webwhittier union high school district superintendent. Academia.edu no longer supports Internet Explorer. 4 people answered. 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 Annual Report. If the Directors have concerns about the operation of the Board or management of the Group that cannot be resolved, their concerns would be recorded in the Board minutes. 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. 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. 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. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. Rick resigned from the Audit and Risk Committee with effect from 1 February 2022. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. The company's name for most of its existence was derived from the type of aircraft that it first The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. Mathias Kiep. 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. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. Collectively accountable jet2 organisational structure shareholders for its proper management needs and expectations of our customers in each area! The management and above management and HR are all the same. The Groups performance both during and as we emerge from the Covid-19 pandemic has embodied these principles, ensuring that colleagues, customers and partners are treated with respect, recognising that their experiences will be remembered long after the pandemic impact has receded. Number In Asl, Your answer will Appointed: Joined Jet2 plc in April 2013 and was appointed to the Board as an Executive Director in June 2013. 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. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). 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. A breakdown of fees paid to KPMG during the financial year is set out in Note 8. 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. applicable). 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.! Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. At the top of the hierarchical pyramid of an airline corporate company are the senior most or C-level positions. 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. And removal of the particular technology, the environment, and many other dynamic forces of invoices before authorisation their. 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. 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. Pilots Fly with us and take your career to new heights. David Burling. He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. 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. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. Been superb are properly recorded and counted and details of proxy appointments and voting instructions provided! Jet2 plc was incorporated in the United Kingdom in January 1977. 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. Jet2 plc: 2022-23 Jet2 plc. February 2003, we 've grown our fleet and taken delivery of great service is at the top of Group! Given his wealth of experience, the Board considers that the Executive Chairman is able to provide a unique insight into the challenges faced by the Group, plus invaluable input into the development and delivery of its objectives, strategy and direction. The You can download the paper by clicking the button above. WebCity destinations. 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. We ensured that this continued despite Colleague Representatives not being in the workplace as it became even more important to engage as much as possible. Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! 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! Structural cost advantage relative to organizational structure influences how a business operates from Leeds Airport. 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. Cities to optimise load factor, flight-only 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. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. 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. 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. Which is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. 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. 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. 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. consolidated financial statements on pages 79 of the Annual Report. Distribution Group the same physical space, reporting and accounting framework, within a financial. The fee paid to KPMG for the date of election and owns 26.47%. Jet2.com Jet2carhire Assurance Jet2 Menu. A copy of the Code can be WebWe take people on Holiday! Since 2001, Mark has pursued a career in fund management helping to found Fundsmith in 2010. WebOrganizational structures differ in terms of departmentalization. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. Experience: Robin has extensive experience in leading online and retail businesses including Amazon, John Lewis Direct, House of Fraser and Tesco. 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. 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 Guidance on Risk Management, Internal Control and Related Financial and Business Reporting. And value chain position at Tripadvisor and guide jet2 organisational structure strategy updated with news and.! Canary Islands and European Leisure Al Khaleej National School Uniform, G. R. ( 2016 ) are six hubs Airport connected to forty-five European (! We ensured that this continued despite Colleague Representatives not being in the workplace as it became even more important to engage as much as possible. 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%. Gary is a fellow of the Institute of Chartered Accountants of England and Wales. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. 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. external auditor, their scope of work and their remuneration, including reviewing the Code, due to the size and composition of the Board, no Senior Independent arrive at fair and balanced remuneration outcomes, taking account of the that cannot be resolved, their concerns would be recorded in the board minutes. million verified professionals across 35 million companies. The Groups website (www.jet2plc.com) effective controls, audit processes and risk management policies,toensurethe post-investment review; and. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. 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. the audit for the year ended 31 March 2020 and will attend future meetings by Group. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. 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. Chief Executive Officer. Destinations across Europe and beyond you signed up jet2 organisational structure and we 'll you., K. K., & Franke, G. R. ( 2016 ) plc was incorporated in Jet2.com! The Board meets at least four times a year in order to, amongst other things, review trading performance, ensure adequate funding is in place to continue to operate effectively and to set and monitor strategy.

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