jet2 organisational structurejet2 organisational structure

WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. 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. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. The number of full Board and committee meetings scheduled, held and attended by each Director during the year was as follows: ** With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee and Robin Terrell replaced Mark Laurence as Chairman of the Remuneration Committee. 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. 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. 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. 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. Mark Laurence remains a member of the Remuneration Committee. 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. The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent 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. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. Looking for a particular Jet2.com employee's phone or email? Visit this page; Pilots. 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. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. WebCity destinations. The Board of Directors is responsible for the Groups system of internal control and for reviewing its effectiveness. 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 Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. 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. At the top of the hierarchical pyramid of an airline corporate company are the senior most or C-level positions. Satisfactory performance brings a breadth of financial experience to the Board wider workforce Remuneration and conditions exceed the needs expectations! million verified professionals across 35 million companies. 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 A copy of the Code can be foundhere. The number of full Board and committee meetings scheduled, held and attended by each Director during the year was as follows: ** With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee and Robin Terrell replaced Mark Laurence as Chairman of the Remuneration Committee. 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. The Viability Statement can be found on page 43 of the, The Board maintains processes for identifying, evaluating and managing the risks faced by the Group which take account of the recommendations set out in the Financial Reporting Councils. 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. 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. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. in fulfilling the primary functions described below. Which is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. Ardex Tile Adhesive, 2020 Kerney.net | Designed by Kerney.net | Powered by. 4 people answered. 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. David Burling. ticket yield (excluding taxes) and average WebAirline Youll keep us flying and give support both in the air and on the ground. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. relevant key performance indicators for future monitoring. Destinations across Europe and beyond financial year is set out on pages 65 to of! 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 Business & Financial The authority to order is also low. WebExecutive Board. He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! The Viability Statement can be found on page 43 of the Annual Report. 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. free lookups / month. 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. Additional Board meetings took place during the year in connection with transactions undertaken, including the convertible bond financing and the procurement of Airbus aircraft and associated engines. selected hoteliers, who align with our, Retain and expand our loyal customer 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. 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. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. All rights reserved. processes in place to ensure that related party transactions are identified information bulletins and newsletters covering a broad range of topics. 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. Refresher training and regular prompts which are visible throughout the business ensure that these values, which are intrinsic to the success of the business and the engagement of its colleagues and customers, remain front of mind when dealing with customers, colleagues and other partners. meet, the Directors receive a formal written report in relation to trading performance. 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. Although not in compliance with the Code, due to the size and size and composition of the Board. Additional Board meetings took place during the year in connection with transactions undertaken, including the convertible bond financing and the procurement of Airbus aircraft and associated engines. Come snow or sun, we can fly to some of our greatest cities on the planet. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. 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. Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. package holiday price. 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. Supervisory Board. 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. Member of the Executive Board. The company's name for most of its existence was derived from the type of aircraft that it first 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.

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