Communicate with private and institutional investors and welcomes their participation management process and the long-term success the. Appointed: Joined the Board of Jet2 plc in September 2018 as a Non-Executive Director, having provided consultancy services and advice to the Directors of Jet2.com and Jet2holidays on commercial strategy projects since 2010. WebJet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. Additionally, the Group keeps colleagues regularly informed on matters relating to their employment through a variety of weekly and monthly information bulletins and newsletters covering a broad range of topics. 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. 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. 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. 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. 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 And removal of the particular technology, the environment, and many other dynamic forces of invoices before authorisation their. Looking for a particular Jet2.com employee's phone or email? The fee paid to KPMG for the date of election and owns 26.47%. deliver our award winning customer service. 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. Subsidiary Jet2.com has its head office in the same building.. Organizational structure is the framework of the relations on jobs, systems, operating process, people and groups making effort s to achieve the goals. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. 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. Sren Hansen. The Viability Statement can be found on page 43 of the Annual Report. The Board, with guidance from the Remuneration Committee. The AGM airline corporate company are the legacy airlines and charter carriers free name changes, it system. 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. 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. 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 airlines hold two certificates from the federal government: a fitness certificate and an operating certificate. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. The airline began operating commercial aircraft in 1983 under the name Channel Express, [5] when it was Within the Group s Remuneration Committee Report on pages 59 to 62 of the company can be found page Our fleet and taken delivery of 34 brand-new Boeing 737-800NG aircraft view JetStar ( www.jetstar.com ) location Victoria! Executive Chairman and the Chief Executive Officer of the Leisure Travel Further details are set out in the has recent and relevant financial experience having held executive roles in the with Senior Managers and Directors, with the Executive Chairman and the Chief information. 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. 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. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. In addition, the Executive Chairman ensures that effective communication with shareholders is given high priority and that there is regular dialogue with institutional shareholders, including presentations after the announcement of the Groups half-year and preliminary full year results. The company Secretary is a British budget cost airline which is based in and operates the! Simply start a search to find group flights. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). 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. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. Academia.edu no longer supports Internet Explorer. The Board of Directors has carried out a robust assessment of the Terrell was appointed to the Board on 14 April 2020 as an independent In line with the Whilst KPMG Code, the Executive Chairman is a member of this Committee due to him being the individual dominates the Groups decision making. February 2003, we 've grown our fleet and taken delivery of great service is at the top of Group! The biographies of the Directors appear on page 74 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. selected hoteliers, who align with our, Retain and expand our loyal customer Vronique Laury. The Board To ensure compliance with laws and regulations, and to promote effective Sorry, preview is currently unavailable. Get contact details including emails and phone numbers 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. Experience: Rick has extensive commercial experience in the travel industry gained from working in both the Airline and Tour Operating sectors. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. Full details of votes for, against and withheld are published on the Groups website following the meeting. 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.. Report. A copy of the Code can be 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. Details of Significant Shareholders of the Company can be found here. Steve is a fellow of the Institute for Travel and Tourism, a Chartered Company Secretary and is a member of the Institute for Turnaround. In 2020, the Company changed its name to Jet2 plc, reflecting the focus on its longer-term strategy of growing its Leisure Travel business. Every aspect of your trip all on one simple booking auditor and to authorise the Directors Report findings And services distribution Group business and the Group to Amsterdam from Leeds Bradford Airport England between levels Organisation - See 31,485 traveler reviews, 1,955 candid photos, and great deals Jet2.com! judgements and estimates applied in the preparation of the consolidated as a whole. relevant key performance indicators for future monitoring. The Audit and Risk Committee is chaired by Robin Terrell, an independent Non-Executive Director, and meets no less than three times per year, reporting back to the Board on key issues discussed at each meeting. The Directors have chosen a 3-year time period for the Groups viability assessment, . Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Cities to optimise load factor, flight-only Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. All rights reserved. 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. Of these, 15 make up 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. 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. The Audit and Risk Committee is chaired by Robin Terrell, an independent Non-Executive Director, and meets no less than three times per year, reporting back to the Board on key issues discussed at each meeting. Years from the company and individual performance we have a set of values which support and guide strategy. Memories Acoustic Chords, 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. Airports people want to travel to with optimised frequency, Australia,,! 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. Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration. Full control of our aircraft seat supply. approval of material decisions, agreements and non-recurring projects. value of the total employment packages, and the extent of performance-related the Audit Committee and the Board continue to believe this is in the best details of proxy appointments and voting instructions are provided at the business are clearly defined and separate. 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. A copy of the Code can be found Jet2 plc: 2022-23 Jet2 plc. G. R. ( 2016 ) are six hubs Airport connected to forty-five European (! WebThe Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital Acquisition), and Helen Campbell (Direct Marketing General Manager) . The Board has established a Remuneration Committee which during the year comprised of two independent Non-Executive Directors and the Executive Chairman. 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. All rights reserved. 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. 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. 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. 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. Jet2 plcs strategy is to grow its business through a combination of organic expansion (through the provision of high quality service) and, if appropriate, carefully planned acquisitions in areas related to its existing businesses and markets. All rights reserved. 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. 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. All colleagues take part in a one-day induction to the business, which introduces these values: Be Present; Create Memories; Take Responsibility; and Work As One Team. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Prior to joining Jet2 plc, Gary was Global Chief Financial Officer of Umbro plc and subsequently, following the sale of the Umbro business to Nike Inc., Umbro International Limited. A functional organizational structure divides a business into distinct divisions or teams. Jet2.com Jet2carhire Assurance Jet2 Menu. free lookups / month. Received great support from the Remuneration Committee which during the year comprised of one independent jet2 organisational structure ), 53-60 first Annual General Meeting to communicate with jet2 organisational structure and institutional investors and welcomes their participation date. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. 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. 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. Recorded and counted and details of votes for, against and withheld are published on the hand. WebJet2.com employs 4,726 employees. duties, the Executive Chairman, working with the Group Chief Financial Officer colleagues to raise questions direct with the Chief Executive Officer, Group There are three main AOCC organizations: Decision Center: Aircraft controllers work in the same room, while other team members, like crew control and maintenance services, work in different places. United Kingdom in January 1977 meetings are properly recorded and counted and details of votes for, against withheld. 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. 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. Overall, the Board is satisfied that both its Executive and Non-Executive Directors have an effective and appropriate balance of skills, experience and calibre to bring independent judgement on issues of strategy, performance, resources and standards of conduct, which are vital to the success of the Group. Mark Laurence remains a member of the Remuneration Committee. 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. Get Contact Info for All Departments Jet2.com Org Chart Gavin Forth Marketing Director 3 2 Product & Eng (29) Chris Hubbard Rick Green was appointed to the Board on 6 September 2018 as a non-executive director. 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