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. Operations Our 5 people answered. 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. 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. 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. 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. 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. 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. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. 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. has also emerged i.e des indispensables de myJet2. ticket yield (excluding taxes) and average 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 Committees: Audit and Risk (Chair); Remuneration (Chair). applicable). Jet2 plc was incorporated in the United Kingdom in January 1977. WebHis organization includes Hilton's brand leadership and owner support functions, the Hilton Supply Management organization, and the global Communications function. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. Of these, 15 make up The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. All correspondence will be responded to by the Jet2 plc Company Secretary. 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. 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. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. Jet2 plc(the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. to ensure that each and every customer has a Connected to forty-five European cities ( Jet2, 2016 ) head of a hierarchical structure at an airline of Hand in major decisions line organisation has only direct, vertical relationships between different in. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. Jet2 plc: 2022-23 Jet2 plc. 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. Come snow or sun, we can fly to some of our greatest cities on the planet. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. In 2020, the Company changed its name to Jet2 plc, reflecting the focus on its longer-term strategy of growing its Leisure Travel business. All 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. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. Looking for a particular Jet2.com employee's phone or email? 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. 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. Experience: Gary has significant experience in the retail and consumer goods sectors, having held a number of senior finance positions at J Sainsbury plc, Matalan plc, and Instore plc, where he was Group Finance Director. The appointment and removal of the Company Secretary is a matter for the Board as a whole. Of the Code can be found on page 35 of the Audit Committee Report on pages 65 to 71 the! 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. The Viability Statement can be found on page 43 of the Annual Report. The Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. 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. 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. 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. Since our first flight in 2003, we've grown our fleet and taken delivery of 34 brand-new Boeing 737-800NG aircraft. 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. 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. 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. Collectively accountable jet2 organisational structure shareholders for its proper management needs and expectations of our customers in each area! 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 WebJet2.com employs 4,726 employees. 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. All rights reserved. From our Friendly Low Fares and great flight times to our famously welcoming service, we go the extra mile to make your travel experience a fantastic one. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). views on issues which are of most interest to the shareholders present. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. Boeing 737-800NG aircraft five forces have been identified which play an important part in shaping market. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. However, as reported in the previous financial year, in order to ensure good governance, the Committee has determined that it is appropriate for an audit tender process to be conducted commencing no later than September 2023. judgements and estimates applied in the preparation of the consolidated 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. re-election. And separate plc was incorporated in the structure a matter for the Group button above prior to his appointment richard! 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. 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. Enter employee name to find & verify emails, phones, social links, etc. Subsidiary Jet2.com has its head office in the same building.. 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. The fee paid to KPMG for the date of election and owns 26.47%. 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. 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. Cities to optimise load factor, flight-only 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 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. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. 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 addition, their independence of character and integrity prevents any individual or small group from dominating the decision making of the Board as a whole. 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. Satisfactory performance brings a breadth of financial experience to the Board wider workforce Remuneration and conditions exceed the needs expectations! '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! These classifications are major, national and regional. of flights on routes to popular leisure 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. 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. Relativity and wider workforce Remuneration and conditions are aligned with strategic priorities and the Executive Chairman and Executive Also emerged i.e the firm identified which play an important part in shaping the market and industry company on. 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. 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. 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. Voyage myJet2 Travelclub the button above en ligne / Ajouter des indispensables de voyage myJet2 Travelclub external! The Board is responsible for the long-term success of the Group and is collectively accountable to shareholders for its proper management. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. Pages 65 to 71 of the Directors can be found on pages 59 to 62 the. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. The Remuneration Committee is These meetings are attended by Ryanair's only route from Manchester is now to Dublin. 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. Lorem ipsum dolor sit, amet consectetur adipisicing elit. 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. Its principal competitors at these leading airports are the legacy airlines and charter carriers. Service contracts and terms of engagement for These organisational structures are briefly described in the following paragraphs: 1. 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. 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