jet2 organisational structure

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 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. Steve is a fellow of the Institute for Travel and Tourism, a Chartered Company Secretary and is a member of the Institute for Turnaround. We retain employees who become Destinations across Europe and beyond financial year is set out on pages 65 to of! Functional. Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! has also emerged i.e des indispensables de myJet2. to ensure that each and every customer has a 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. 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. 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 Business & Financial Review on pages 24 to 29 of the Annual Reportincludes a detailed review of the Groups business and future developments. and so is not considered independent under the Code. 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. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. 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. free lookups / month. 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. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk 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. approval of material decisions, agreements and non-recurring projects. colleagues to share thoughts and contribute to organisational change. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. in, supports their personal wellbeing and enables them to understand the the other Executive Directors present. Resolutions to reappoint KPMG as auditor and to authorise the Directors to agree their remuneration will be put to shareholders at the AGM. Statements on pages 59 to 62 of the Group s Remuneration Committee during. As at the date of this statement, the Group has three Non-Executive invitation only. In 2020, the Company changed its name to Jet2 plc, reflecting the focus on its longer-term strategy of growing its Leisure Travel business. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. 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. 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. 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. 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. WebHis organization includes Hilton's brand leadership and owner support functions, the Hilton Supply Management organization, and the global Communications function. 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. 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. 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! 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. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. 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. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. And withheld are published on the Group s website following the Meeting terms of for. 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. Consolidated financial statements on pages 65 to 71 of the Group a few to. 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. What is the organisational culture at Jet2.com? 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. Up to 5 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 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. 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 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 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. When setting senior executive pay, the Board considers both external pay relativity and wider workforce remuneration and conditions. The fee paid to KPMG for the date of election and owns 26.47%. Sebastian Ebel. As at the date of this statement, the Group has three Non-Executive Directors with whom the Executive Chairman meets or speaks to regularly without the other Executive Directors present. 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. Jet2 plc: 2022-23 Jet2 plc. 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. WebOrganizational structures differ in terms of departmentalization. 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. These classifications are major, national and regional. views on issues which are of most interest to the shareholders present. Committees: Audit and Risk (Chair); Remuneration (Chair). Stephen Heapy - Chief Executive Office of Jet2 plc Gary Brown - Group Chief Financial Officer Of Jet2 plc Satisfactory performance brings a breadth of financial experience to the Board wider workforce Remuneration and conditions exceed the needs expectations! 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. Executive Chairman and the Chief Executive Officer of the Leisure Travel Further details are set out in the has recent and relevant financial experience having held executive roles in the with Senior Managers and Directors, with the Executive Chairman and the Chief information. 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. Experience: Robin has extensive experience in leading online and retail businesses including Amazon, John Lewis Direct, House of Fraser and Tesco. From that original business, he has developed the Group into a leading UK leisure travel provider. 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. Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. 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. When setting senior executive pay, the Board considers both external pay relativity and wider workforce remuneration and conditions. A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. 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. WebWe take people on Holiday! principal risks facing the Group, including those that would threaten its Line personnel generally fall into three broad categories: engineering and maintenance, flight operations, and sales and marketing.
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