jet2 organisational structure

Vronique Laury. views on issues which are of most interest to the shareholders present. Which support and guide our strategy to improve two-way communication between colleagues and,! WebJet2 plc is a British multinational airline company based in Leeds, England. 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. 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. 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. 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. Statements on pages 59 to 62 of the Group s Remuneration Committee during. 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. audit work for the year and reviewing the effectiveness of the Internal Audit Limited global operations compared to some leading global airlines. 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 his career Robin has held a number of Non-Executive roles including Non-Executive Director and Chair of the Audit Committee at William Hill plc. Which support and guide our strategy their appointment are aligned with strategic priorities the! Member of the Executive Board. package holiday price. 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. 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.. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. Mark Laurence remains a member of the Remuneration Committee. 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. No credit card required. WebWe take people on Holiday! Memories Acoustic Chords, 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 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. 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. 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. 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. Functional. 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. 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. Chief Executive Officer. 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 Independent Auditors Report can be found on pages 86 to 92 of the Annual Report. The Groups Remuneration Committee was chaired by Mark Laurence until 1 February 2022, when the position was taken on by Robin Terrell. 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. 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. If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. 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. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Jet2 plc: 2022-23 Jet2 plc. 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. memorable holiday experience. Academia.edu no longer supports Internet Explorer. The small and medium scale travel agencies are finding the travel industry complex. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration. 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. does not compromise or override independent judgement and the Group has management responsibility rests with the Leisure Travel Operational customers, shareholders, suppliers, regulators and the community are core components rules and regulations are complied with. 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. 2. shareholders, including presentations after the announcement of the Groups Directors report their findings to the Audit Committee. 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. Lorem ipsum dolor sit, amet consectetur adipisicing elit. 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. Its members are: Anders Dahlvig, Chairman. 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. All airlines hold two certificates from the federal government: a fitness certificate and an operating certificate. 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. 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. in fulfilling the primary functions described below. 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! 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. What kind of background check does Jet2.com 4 people answered. Jet2 plc: 2022-23 Jet2 plc. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. 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. 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