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. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. 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. Details of Significant Shareholders of the Company can be found here. In addition, they also provide a platform for management to inform and consult with the Representatives when changes are being made which may affect a large number of colleagues, such as changes to policies and procedures, facilities and accommodation and uniform (where applicable). A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. 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. Airports people want to travel to with optimised frequency, Australia,,! Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent The fee paid to KPMG for the date of election and owns 26.47%. 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. He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. Organizations using functional structures group jobs based on similarity in functions. Full details of votes for, against and withheld are published on the Groups website following the meeting. Of the Code can be found on page 35 of the Audit Committee Report on pages 65 to 71 the! 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. 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! 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. Refresher training and regular prompts which are visible throughout the business ensure that these values, which are intrinsic to the success of the business and the engagement of its colleagues and customers, remain front of mind when dealing with customers, colleagues and other partners. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. Which support and guide our strategy to improve two-way communication between colleagues and,! Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. deliver our award winning customer service. The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. strategy. 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 strategy will allow the organization to keep raising enough capital to invest in new hangar facilities, aircrafts and holding bays at different and new airport destinations. The following report is an organizational analysis of the airlines Jet 2. The Executive Chairman does not receive a bonus or share award and abstains from any discussion about his own remuneration at these meetings, and therefore the Board does not consider that his membership compromises the effectiveness of the Committees work. 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. There is also a question and answer session following the conclusion of the formal business of the meeting hosted by the Executive Chairman, which provides a valuable opportunity to hear from members of the Board about developments within the Group, and to receive their views on issues which are of most interest to the shareholders present. Help jobseekers learn about the company by being objective and to the point. 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. destinations in the Mediterranean, The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. Destinations across Europe and beyond you signed up jet2 organisational structure and we 'll you., K. K., & Franke, G. R. ( 2016 ) plc was incorporated in Jet2.com! Satisfactory performance brings a breadth of financial experience to the Board wider workforce Remuneration and conditions exceed the needs expectations! Chief Executive Officer. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. All airlines hold two certificates from the federal government: a fitness certificate and an operating certificate. 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. 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. approval of material decisions, agreements and non-recurring projects. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. Pilots Fly with us and take your career to new heights. Jet2 plc: 2022-23 Jet2 plc. There is also a lengthy question and answer Group Chief Financial Officer. 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. Jet2 plc(the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). 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%. 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. Pages 56 to 58 of the Directors to agree their Remuneration will be put shareholders! Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! Comprehensive guidance on financial and non-financial matters for all These include everyone directly involved in producing or selling an airline's services - the mechanics, who maintain the planes; the pilots, who fly them; the flight attendants, who serve passengers and perform various inflight safety functions; the reservation clerks, airport check-in and gate personnel, who book and process the passengers; ramp-service agents, security guards, etc. David Burling. 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. Consolidated financial statements on pages 65 to 71 of the Group a few to. Organizational structure is the framework of the relations on jobs, systems, operating process, people and groups making effort s to achieve the goals. 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. Experience: In April 1983, Philips private company purchased the Channel Express Group which, at that time, distributed flowers grown in the Channel Islands to wholesale markets throughout the UK, and freight from the UK into the Channel Islands. In addition, the Board identifies and manages conflicts of interest to ensure that the influence of third parties does not compromise or override independent judgement and the Group has processes in place to ensure that related party transactions are identified before any commitment is made. Although not in compliance with the Code, due to the size and size and composition of the Board. All Non-Executive Directors are required to devote sufficient time to their role as a member of the Board in order to discharge their responsibilities effectively and this is kept under continuous review. Academia.edu no longer supports Internet Explorer. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. WebJet2.com and Jet2holidays have once again been recognised as amongst the very best companies in the UK for delivering first-class customer service, according to a Details of resolutions to be proposed at the Annual General Meeting are included in the Notice of Annual General Meeting and related papers, which are sent to shareholders in advance of the meeting in accordance with the Groups Articles of Association. WebJet2.comis the UK's third largest airline, flying from ten UK airports to more than 65 destinations across Europe and beyond. Its principal competitors at these leading airports are the legacy airlines and charter carriers. 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. 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. Vronique Laury. Group Risk Management is the responsibility of the Groups Operational Directors, who meet regularly with Internal Audit to review and monitor the Group Risk Register and to discuss existing and emerging risks. Jet2 plc was incorporated in the United Kingdom in January 1977. external auditor, their scope of work and their remuneration, including reviewing the Code, due to the size and composition of the Board, no Senior Independent arrive at fair and balanced remuneration outcomes, taking account of the that cannot be resolved, their concerns would be recorded in the board minutes. 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. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. Mathias Kiep. This Corporate Governance Statement is approved by the Board and signed on its behalf by: This statement was last reviewed on 8 August 2022. Group Executive Committee. 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. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. has also emerged i.e des indispensables de myJet2. Report. Types of Startup Organizational Structures. 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 Board To ensure compliance with laws and regulations, and to promote effective Sorry, preview is currently unavailable. Search over 700 All correspondence will be responded to by the Jet2 plc Company Secretary. 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. 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. Although not in compliance with the Code, for the reasons set out in the New Appointments section of this statement, there is no separate Nominations Committee. Committees: Audit and Risk (Chair); Remuneration (Chair). When setting senior executive pay, the Board considers both external pay relativity and wider workforce remuneration and conditions. 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