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. Types of Startup Organizational Structures. Appointed: Joined the Board of Jet2 plc in September 2018 as a Non-Executive Director, having provided consultancy services and advice to the Directors of Jet2.com and Jet2holidays on commercial strategy projects since 2010. 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. Resolutions to reappoint KPMG as auditor and to authorise the Directors to agree their remuneration will be put to shareholders at the AGM. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. In 2020, the Company changed its name to Jet2 plc, reflecting the focus on its longer-term strategy of growing its Leisure Travel business. Latterly at Merrill Lynch he was a member of the highly ranked UK Equity Strategy team. The Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. How To Crash A Computer, WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). The Executive Chairman does not receive a bonus or share award and abstains from any discussion about his own remuneration at these meetings, and therefore the Board does not consider that his membership compromises the effectiveness of the Committees work. The fee paid to KPMG for the date of election and owns 26.47%. base, with our consistent . 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. Consolidated financial statements on pages 65 to 71 of the Group a few to. 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. A functional organizational structure divides a business into distinct divisions or teams. strategy. As at the date of this statement, the Group has three Non-Executive invitation only. Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. Build and invest in relationships with 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. What is the organisational culture at Jet2.com? views on issues which are of most interest to the shareholders present. 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. Mark Laurence remains a member of the Remuneration Committee. 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. Its principal competitors at these leading airports are the legacy airlines and charter carriers. 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. has also emerged i.e des indispensables de myJet2. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. The AGM airline corporate company are the legacy airlines and charter carriers free name changes, it system. 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. The appointment and removal of the Company Secretary is a matter for the Board as a whole. 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. A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. 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. Mathias Kiep. 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. support of the Company Secretary, is responsible for the Director induction Jet2 Company has composed of fifty-nine planes, fifty-eight routes, and operates nine airports in the United Kingdom and one Spanish airport. The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. 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. 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. Jet2 plc was incorporated in the United Kingdom in January 1977. 5 people answered. 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 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. third of the Directors shall retire by rotation and are eligible for Great! In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Kingdom in January 1977 5 answers to your biggest company questions on. Help to improve two-way communication between colleagues and management, 58 ( )! Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent 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. 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. 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. 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. Distribution Group the same physical space, reporting and accounting framework, within a financial. 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 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. 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. 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. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. 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. 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. reward of the top talent within the business. Looking for a particular Jet2.com employee's phone or email? 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. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. 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. Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. '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! 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 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. 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. 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. Sebastian Ebel. A copy of the Code can be foundhere. 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 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. 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. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. 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. WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. Committees: None. The Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. Al Khaleej National School Uniform, Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration 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. Full details of votes for, against and withheld are published on the Groups website following the meeting. 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. 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