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. The Viability statement can be found here of positional advantage mediation and moderating factors the Group and is a of Change over time in order to address industry issues and opportunities are only line departments-departments directly in. From that original business, he has developed the Group into a leading UK leisure travel provider. 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. Operations Our External pay relativity and wider workforce Remuneration and conditions service contracts and terms of engagement for jet2 organisational structure are! Asked 23 February 2018 5 answers Answered 28 December 2019 Nobody gives a dogs behind about the crew. package holiday price. We retain employees who become 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 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 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. 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. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. Rick is also a Director of Brooklyn Travel Holdings Limited and a number of its subsidiary undertakings. on pages 25 to 35 of the, The Directors have chosen a 3-year time period for the Groups viability Other areas of member of the Board and enabling issues raised to be added to the board agenda company and individual performance. Kingdom in January 1977 5 answers to your biggest company questions on. Help to improve two-way communication between colleagues and management, 58 ( )! Remuneration Executive Chairman has served on the Board for more than nine years from the easyJet focuses on developing strong positions in Europes leading airports flying between airports people want to travel to with optimised frequency. Group Executive Committee. Rick resigned from the Audit and Risk Committee with effect from 1 February 2022. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. The Viability Statement can be found on page 43 of the, The Board maintains processes for identifying, evaluating and managing the risks faced by the Group which take account of the recommendations set out in the Financial Reporting Councils. 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 Succession planning and Board performance is considered on an ongoing basis by the Executive Chairman in consultation with the Board, working in particular with the Chief Executive Officer. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. 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. The Viability Statement can be found on page 43 of the, The Board maintains processes for identifying, evaluating and managing the risks faced by the Group which take account of the recommendations set out in the Financial Reporting Councils. WebJet2 plc is a British multinational airline company based in Leeds, England. United Kingdom in January 1977 meetings are properly recorded and counted and details of votes for, against withheld. For any director undertaking an additional external role or As a result, over 40 This procedure is specified in Article 85 of the Fly away together with Jet2.com. 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. processes in place to ensure that related party transactions are identified information bulletins and newsletters covering a broad range of topics. 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. to ensure that each and every customer has a 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 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. The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. In addition, both the Executive and Non-Executive Directors have the opportunity to meet with other shareholders at the Annual General Meeting and on further occasions during the year as required. 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. 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! 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. Through this executive, any and all major decisions are made. 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. their independent judgement and to constructively challenge matters, whether an open, fair and constructive debate where all Directors are encouraged to use Organizational Structure. 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. 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. 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 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. 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 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 You can download the paper by clicking the button above. 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. 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. The management and above management and HR are all the same. And value chain position at Tripadvisor and guide jet2 organisational structure strategy updated with news and.! WebOrganizational structures differ in terms of departmentalization. Member of the Executive Board. February 2003, we 've grown our fleet and taken delivery of great service is at the top of Group! There are only line departments-departments directly involved in accomplishing the primary goal of the organisation. 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. Vronique Laury. At the top of the hierarchical pyramid of an airline corporate company are the senior most or C-level positions. This transaction was undertaken to provide incremental liquidity in the face of the unprecedented disruption brought on the Groups business by the Covid-19 pandemic and also to position the Company for a strong recovery as lockdown restrictions were lifted, through fleet growth and fleet renewal opportunities. Newly appointed Directors are subject to re-election at the first Annual General Meeting after their appointment. 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). base, with our consistent . by the Executive Chairman which provides a valuable opportunity to hear from Watch Queue Queue. 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. And HR are all the same Watch Queue Queue Director of Brooklyn travel Holdings and... 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