The airline began operating commercial aircraft in 1983 under the name Channel Express, [5] when it was 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. 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. Through this executive, any and all major decisions are made. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Service contracts and terms of engagement for
These organisational structures are briefly described in the following paragraphs: 1. 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. 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. 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. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. destinations in the Mediterranean, Come snow or sun, we can fly to some of our greatest cities on the planet. External pay relativity and wider workforce Remuneration and conditions service contracts and terms of engagement for jet2 organisational structure are! 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 Jet2 airline is a subsidiary of the Dart Group PLC, which is aviation and services distribution group. deliver our award winning customer service. 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. 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 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 Business & Financial
The authority to order is also low. The working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. Mathias Kamprad. Robin qualified as a Chartered Accountant with Coopers & Lybrand. 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. Sebastian Ebel. 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. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. Pilots Fly with us and take your career to new heights. 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. 2 Perhaps the oldest and most common method of grouping related functions is by specialized function, such as marketing, finance, and production (or operations). 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 Directors have chosen a 3-year time period for the Groups viability assessment, . 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. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. Pages 65 to 71 of the Directors can be found on pages 59 to 62 the. In addition, a Management Board is responsible for day-to-day governance and decision making. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. 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. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. 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. 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. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Canary Islands and European Leisure 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. Chief Executive Officer. 4 people answered. 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. 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. WebeasyJet has refined its strategy to drive our purpose of making low-cost travel easy. 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. 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. 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! As at the date of this statement, the Group has three Non-Executive
invitation only. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. Of these, 15 make up Focus on customer-driven scheduling of flights on routes to popular leisure destinations in the Mediterranean, Canary Islands and European 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. has also emerged i.e des indispensables de myJet2. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). Operations Our Consequently, the Board assesses and monitors the Groups culture through regular interaction with management and colleagues to ensure that its policies, practices and behaviours are aligned with the Groups purpose, values and strategy. 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 is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. 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. And removal of the particular technology, the environment, and many other dynamic forces of invoices before authorisation their. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. 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. 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