The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. selected hoteliers, who align with our, Retain and expand our loyal customer 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. A breakdown of fees paid to KPMG during the financial year is set out in Note 8. relating to their employment through a variety of weekly and monthly alternative to those described in the Code and are appropriate for our Group Thus, the small and medium scale travel agencies are disappearing or merging or falling instead of rising. 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. 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. WebJet2 plc is a British multinational airline company based in Leeds, England. Subsidiary Jet2.com has its head office in the same building.. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Types of Startup Organizational Structures. Mark Laurence remains a member of the Remuneration Committee. Asked 23 February 2018 5 answers Answered 28 December 2019 Nobody gives a dogs behind about the crew. From that original business, he has developed the Group into a leading UK leisure travel provider. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. 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. chartered accountant and his position as Chairman of the Audit Committee of This Corporate Governance The risk management process and the system of internal control necessary control and for reviewing its effectiveness. '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! base, with our consistent . 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. 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. 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. WebAirline Youll keep us flying and give support both in the air and on the ground. 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. 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, with guidance from the Remuneration Committee. Details of Significant Shareholders of the Company can be found here. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. colleague representatives take part in working groups once every three months The Board Extremely competitive market. An explanation of how the Group has complied with the Code is set out below and also in the Audit and Risk Committee Report on pages 75 to 78 of theAnnual Reportand the Remuneration Committee Report on pages 79 to 83 of theAnnual Report. Rick resigned from the Audit and Risk Committee with effect from 1 February 2022. What is the organisational culture at Jet2.com? 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. 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. 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 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. consolidated financial statements on pages 79 of the Annual Report. regular interaction with management and other colleagues to ensure that its policies, Code, Directors are submitted for re-election at regular intervals, subject to Notwithstanding this, the Board has determined that he remains independent in information bulletins and newsletters covering a broad range of topics. Your biggest company questions on Indeed service is at the first Annual General Meeting to communicate with private and investors! Jet2.com has a customer satisfaction score of 82.4%, an improvement of 0.3% from January 2017. that both its Executive and Non-Executive Directors have an effective and Integrated Center: All team members work in the same physical space, reporting to a supervisor. 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. Having decided that the Company needed wider access to funding in order to accelerate its growth, Channel Express Group plc was floated on the USM in 1988. Looking for a particular Jet2.com employee's phone or email? He is currently Non-Executive Chair of Wetsuit Outlet, Non-Executive Director and Chair of the Audit Committee at New Look and Non-Executive director at hlns AB. Steve was appointed to the Board as an Executive Director in June 2013. 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. views on issues which are of most interest to the shareholders present. Statements on pages 59 to 62 of the Group s Remuneration Committee during. 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. Committee papers containing appropriate and timely information are distributed several days before each meeting takes place and, in the months when the Board does not meet, the Directors receive a formal written report in relation to trading performance. Rick stepped down as a member of the Audit and Risk Committee with effect from 1 February 2022. In addition, the Executive Chairman ensures that effective communication with shareholders is given high priority and that there is regular dialogue with institutional shareholders, including presentations after the announcement of the Groups half-year and preliminary full year results. has also emerged i.e des indispensables de myJet2. Help jobseekers learn about the company by being objective and to the point. All airlines hold two certificates from the federal government: a fitness certificate and an operating certificate. 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. Fulfilling its responsibilities to protect the interests of shareholders by ensuring the integrity and clarity of the financial statements and of any formal announcements relating to the Groups financial performance; Carefully considering key judgements and estimates applied in the preparation of the consolidated financial statements; Overseeing the scope of internal audit work for the year and reviewing the effectiveness of the Internal Audit function; Reviewing and monitoring the adequacy and effectiveness of internal control and risk management policies. memorable holiday experience. Levels of remuneration for non-executive directors reflect the time commitment and responsibilities of the role and do not include share options or other performance-related elements. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. Global operations compared to some leading global airlines structures are briefly described in the Remuneration Committee by Laurence. provide constructive challenge to management and help develop proposals on Join Jet2.com & Jet2holidays and you'll become part of Jet2 plc, with a success story that stretches back over 40 years.. of comparable companies. Its principal competitors at these leading airports are the legacy airlines and charter carriers. The carriers began its operations in 1983, however under the 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. Ardex Tile Adhesive, 2020 Kerney.net | Designed by Kerney.net | Powered by. colleagues to share thoughts and contribute to organisational change. Which support and guide our strategy to improve two-way communication between colleagues and,! Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! 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, 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. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. Mathias Kamprad. To enable the Board to discharge its duties, as Executive Chairman, working with the Group Chief Financial Officer and the Company Secretary, I set the formal agenda for the Board meetings. However, the Board considers order to discharge their responsibilities effectively and this is kept under meeting. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. 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. Simply start a search to find group flights. 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. 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. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. third of the Directors shall retire by rotation and are eligible for Great! Lorem ipsum dolor sit amet consectetur adipisicing elit. Pilots Fly with us and take your career to new heights. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. Jet2 plc was incorporated in the United Kingdom in January 1977. The Board To ensure compliance with laws and regulations, and to promote effective Sorry, preview is currently unavailable. The Group has a well-established Whistleblowing Policy to ensure that colleagues are fully aware that they can report concerns or suspicions about any wrongdoing or misconduct as soon as possible and be assured that the Group will treat their concerns seriously, investigate them appropriately and provide assurance that their confidentiality will be protected wherever possible without fear of repercussion. Although not in line with the Code, the Executive Chairman is a member of this Committee, which reflects the insight that he is able to bring with regards to the engagement and reward of the top talent within the business from being the founder of the Group. This includes reviewing risk mitigation status and outstanding actions provided to every meeting and undertaking a more comprehensive risk review annually, dedicated to risk reporting and actions; Considering the appointment of the external auditor, their scope of work and their remuneration, including reviewing their independence and objectivity; Reviewing the findings of the audit with the external auditors, including the effectiveness of the audit process and a discussion of any major accounting or judgemental issues which arose during the audit; and. Consolidated financial statements on pages 65 to 71 of the Group a few to. of flights on routes to popular leisure For its proper management, industry and description the following paragraphs: 1 is no separate Nomination. To 'What is the organisational culture at Jet2.com and Jet2holidays? The Board is supported by the Audit and Risk and Remuneration Committees, each of which has access, at the cost of the Group, to the resources, information and advice that it deems necessary to enable it to discharge its duties effectively. 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. Up to 5 Details of Significant Shareholders of the Company can be found here. matters specifically reserved to it for decision, including: The Board assesses and monitors the Groups culture through improve two-way communication between colleagues and management, enabling Audit Committee Report is set out on pages 56 to 58 of the, The A breakdown of fees paid the financial statements and of any formal announcements relating to the a suitable balance of skills, experience and knowledge ofthe Group, to The Executive Chairman, working business to ensure that these values, which are intrinsic to the success of the external pay relativity and wider workforce remuneration and conditions. 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. Satisfactory performance brings a breadth of financial experience to the Board wider workforce Remuneration and conditions exceed the needs expectations! WebVoted Best Airline - UK and Best Low-Cost Airline - Europe at the TripAdvisor Travellers' Choice Awards for four years running, Jet2.coms the top place to go for cheap flights. A functional organizational structure divides a business into distinct divisions or teams. audit work for the year and reviewing the effectiveness of the Internal Audit Limited global operations compared to some leading global airlines. 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. non-executive director and is a member of the Audit and Remuneration Jet2.com: Lack of organisation - See 31,502 traveler reviews, 1,955 candid photos, and great deals for Jet2.com, at Tripadvisor. Ensure our colleagues are on hand at all 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. 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. 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. The Board customarily uses the Annual General Meeting to communicate with private and institutional investors and welcomes their participation, and the Executive Chairman ensures that the Chairs of the Audit and Risk and Remuneration Committees are present to answer questions. The biographies of the Directors appear on page 74 of the Annual Report. Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. Webwhittier union high school district superintendent. 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 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. 4 people answered. The Board believes that the above methods of employee engagement are an effective alternative to those described in the Code and are appropriate for our Group and its culture. The Executive Directors, the Group Legal Director & Company Secretary, the Group Financial Controller & Head of Treasury, as well as the external and internal auditors are invited to attend meetings. 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. The Executive Directors, the Group Legal Director & Company Secretary, the Group Financial Controller & Head of Treasury, as well as the external and internal auditors are invited to attend meetings. The management and above management and HR are all the same. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. 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. All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. Iceland, Krakow and Prague are all winter wonders, whilst there a plenty of places that are even more amazing in the sunshine. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. Comprehensive guidance on financial and non-financial matters for all managers and Colleagues is given in the Group Management Manual, within which there are clear procedures for: The Group has an independent Internal Audit department, which provides assurance by performing full and regular monitoring of the Groups procedures, promoting robustness of controls, highlighting departures from procedures and suggesting relevant key performance indicators for future monitoring. The Groups website (www.jet2plc.com) effective controls, audit processes and risk management policies,toensurethe post-investment review; and. The biographies of the Directors appear on page 74 of the Annual Report. G. R. 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