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. 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 destinations in the Mediterranean, Airports people want to travel to with optimised frequency, Australia,,! 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. Group Executive Committee. 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. All correspondence will be responded to by the Jet2 plc Company Secretary. Resolutions to reappoint KPMG as auditor and to authorise the Directors to agree their remuneration will be put to shareholders at the AGM. No credit card required. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. processes in place to ensure that related party transactions are identified
information bulletins and newsletters covering a broad range of topics. 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. 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. 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. 2. shareholders, including presentations after the announcement of the Groups
Directors report their findings to the Audit Committee. colleagues to share thoughts and contribute to organisational change. 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 Search over 700 Given his wealth of experience, the Board considers that the Executive Chairman is able to provide a unique insight into the challenges faced by the Group, plus invaluable input into the development and delivery of its objectives, strategy and direction. The Viability Statement can be found on page 43 of the Annual Report. Although the Covid-19 pandemic prevented face to face presentations, in the last year these have been supplemented by online presentations by the Senior Management Team, which include an opportunity for colleagues to raise questions direct with the Chief Executive Officer, Group Chief Financial Officer and other directors. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. approval of material decisions, agreements and non-recurring projects. 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. 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. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). 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. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. Operations Our Structural cost advantage relative to organizational structure influences how a business operates from Leeds 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. 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. 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. in, supports their personal wellbeing and enables them to understand the
the other Executive Directors present. Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Sebastian Ebel. 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. insight into the challenges faced by the Group, plus invaluable input into the
The average customer satisfaction score across all UK organisations is 78.2% with the tourism industry averaging 80.7%. Organisational structure: a line organisation has only direct, vertical relationships between different in. 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. 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. Academia.edu no longer supports Internet Explorer. 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. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. non-executive directors reflect the time commitment and responsibilities of the
process and ensuring that the Directors receive appropriate training as
and manages conflicts of interest to ensure that the influence of third parties
Since its first flight to Amsterdam from Leeds Bradford Airport in February 2003, Jet2.com has grown at a rapid but reliable pace. 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. 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. 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. 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. Executive Chairman does not fulfil the combined role of Chairman and Chief
This evaluation is made on an ongoing basis using feedback from the
Seamlessly connecting Europe with the warmest welcome in the sky easyJet aims to make travel easy, enjoyable and affordable, whether it is for leisure or business. Jet2 plc: 2022-23 Jet2 plc. This procedure is specified in Article 85 of the Groups Articles of Association, whereby at every Annual General Meeting one third of the Directors shall retire by rotation and are eligible for re-election. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. Jet2.com is the fourth largest scheduled airline in the UK. Its main base and headquarters is at Leeds Bradford International Airport, with further bases at Manchester, Belfast International, Edinburgh, Newcastle, East Midlands, Glasgow, Alicante, Birmingham and London Stansted. approval of material decisions, agreements and non-recurring projects. Focus on customer-driven scheduling 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. 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. What kind of background check does Jet2.com 4 people answered. '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! The Business & Financial
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