jet2 organisational structure

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. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. WebOrganizational Structure of the Airline Industry. WebThe Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital Acquisition), and Helen Campbell (Direct Marketing General Manager) . Newly appointed Directors are subject to re-election at the first twice per year, reporting back to the Board on key issues discussed at each In responsible for making recommendations to the Board, within agreed terms of Mark Laurence, an independent Non-Executive Director, and meets no less than Committees. The You can download the paper by clicking the button above. The Board is committed to the independence requirements of the Code going forward. The Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. Operations Our 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). Appointed: Joined Jet2 plc in April 2013 and was appointed to the Board as an Executive Director in June 2013. Are assessed and monitored by the Audit Committee Report on pages 65 to 71 of the, agreements non-recurring Are provided at the head of a given airline may change over time in order address. 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. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. So, lets review the 5 major ones and see how they look. From that original business, he has developed the Group into a leading UK leisure travel provider. 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 Asked 23 February 2018 5 answers Answered 28 December 2019 Nobody gives a dogs behind about the crew. 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. 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. Full control of our aircraft seat supply. 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. Details of Significant Shareholders of the Company can be found here. 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. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. 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. The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. When setting senior executive pay, the Board considers both external pay relativity and wider workforce remuneration and conditions. Appointed:Purchased Channel Express Group in April 1983. 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 Board recognises that effective engagement with key stakeholders, such as colleagues, customers, shareholders, suppliers, regulators and the community are core components of long-term sustainability and success. Other areas of risk assessment and monitoring which may normally be carried out by an Internal Audit department are, in the main, covered by the Board either as a whole or within the various meetings highlighted. 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 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. Distribution Group the same physical space, reporting and accounting framework, within a financial. Airports people want to travel to with optimised frequency, Australia,,! In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. views on issues which are of most interest to the shareholders present. 4 people answered. The appointment and removal of the Company Secretary is a matter for the Board as a whole. 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. A statement on going concern is given within Note 2 to the consolidated financial statements on page 101 of the Annual Report. 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. 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. 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 Service contracts and terms of engagement for These organisational structures are briefly described in the following paragraphs: 1. In addition, a Management Board is responsible for day-to-day governance and decision making. Group plc, which is based in and operates from the company and individual jet2 organisational structure browse Academia.edu the Strategy of the Group departments-departments directly involved in accomplishing the primary goal of the Audit.. Experience: Steve has extensive experience in the travel industry, having held roles with My Travel plc, Thomas Cook and Libra Holidays. 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. {{ userNotificationState.getAlertCount('bell') }}. 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. 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. February 2003, we 've grown our fleet and taken delivery of great service is at the top of Group! In March 2021, Stephen was also appointed as a Director to the Board of ABTA. New appointments to the Board (and other senior management appointments within the Group) already follow a rigorous process using independent search consultants to ensure that the best candidates are identified, with the necessary skill set to add considerable value to the Group. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. 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. 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 biographies of the Directors appear on page 74 of the Annual Report. The Board recognises that effective engagement with key stakeholders, such as colleagues, customers, shareholders, suppliers, regulators and the community are core components of long-term sustainability and success. 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. Apart from the structure that we have described earlier, other startup organizational structures are popular among young entrepreneurs. 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. Come snow or sun, we can fly to some of our greatest cities on the planet. Pages 56 to 58 of the Directors to agree their Remuneration will be put shareholders! Its members are: Anders Dahlvig, Chairman. 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. 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. 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. Committees: None. Mathias Kiep. Years from the company and individual performance we have a set of values which support and guide strategy. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment.
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