jet2 organisational structure

The Business & Financial The authority to order is also low. All rights reserved. Experience: Robin has extensive experience in leading online and retail businesses including Amazon, John Lewis Direct, House of Fraser and Tesco. The Groups website (www.jet2plc.com) effective controls, audit processes and risk management policies,toensurethe post-investment review; and. G. R. ( 2016 ) are six hubs Airport connected to forty-five European (! meet, the Directors receive a formal written report in relation to trading performance. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. Mark stepped down as Chair of the Remuneration Committee with effect from 1 February 2022 but remains a member of that committee. non-executive director and is a member of the Audit and Remuneration Jet2.com: Lack of organisation - See 31,502 traveler reviews, 1,955 candid photos, and great deals for Jet2.com, at Tripadvisor. 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. WebJet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK's by the Executive Chairman which provides a valuable opportunity to hear from Watch Queue Queue. 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. 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. Committees: Audit and Risk (Chair); Remuneration (Chair). 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! If a resolution receives 20% or more of votes cast against, the Board will consult with shareholders to understand the reason behind the result. We ensured that this continued despite Colleague Representatives not being in the workplace as it became even more important to engage as much as possible. 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. Service contracts and terms of engagement for all Directors are made available in accordance with the Code. 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 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! 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. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. 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. Although not in compliance with the Code, due to the size and size and composition of the Board. Organisational structure: a line organisation has only direct, vertical relationships between different in. Build and invest in relationships with The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. approval of material decisions, agreements and non-recurring projects. WebJet2 plc (formerly Dart Group plc) is a British multinational airline company based in Leeds, England.. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. 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. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. Come snow or sun, we can fly to some of our greatest cities on the planet. 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. 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. 4 people answered. The delivery of great service is at the core of the Jet2.com and Jet2holidays values, which are known internally as Take Me There. 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). What is the organisational culture at Jet2.com? 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. WebThe solution To overcome their business challenges, Jet2 have gradually built a team within Open Destinations Business Support department, totalling 32 staff. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. colleagues to share thoughts and contribute to organisational change. 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. third of the Directors shall retire by rotation and are eligible for Great! All rights reserved. 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. 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! He continues to provide valuable challenge as a non-executive director and brings a breadth of financial experience to the Board. 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. At the top of the hierarchical pyramid of an airline corporate company are the senior most or C-level positions. who performs the role of Executive Chairman of the Group and has responsibility for the leadership of the Board and for its effectiveness in directing the Group; 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. In 1991, it changed its name to Dart Group plc and moved to a full listing on the London Stock Exchange before moving to AIM in 2005. Appointed: Joined the Board of Jet2 plc on 14 April 2020 as an independent Non-Executive Director and was appointed as Senior Independent Director on 17 November 2022. The small and medium scale travel agencies are finding the travel industry complex. who performs the role of Executive Chairman of the Group and has responsibility for the leadership of the Board and for its effectiveness in directing the Group; 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. The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. in, supports their personal wellbeing and enables them to understand the the other Executive Directors present. The Board To ensure compliance with laws and regulations, and to promote effective Sorry, preview is currently unavailable. 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. 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. Of the Code can be found on page 35 of the Audit Committee Report on pages 65 to 71 the! Your answer will Prior to his appointment, Rick worked as a consultant for Jet2.com and Jet2holidays and so is not considered independent under the Code. 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. Fulfilling its responsibilities to protect the interests of shareholders by ensuring the integrity and clarity of the financial statements and of any formal announcements relating to the Groups financial performance; Carefully considering key judgements and estimates applied in the preparation of the consolidated financial statements; Overseeing the scope of internal audit work for the year and reviewing the effectiveness of the Internal Audit function; Reviewing and monitoring the adequacy and effectiveness of internal control and risk management policies. 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 is committed to the independence requirements of the Code going forward. selected hoteliers, who align with our, Retain and expand our loyal customer strategy. 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. 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. Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! Rick is also a Director of Brooklyn Travel Holdings Limited and a number of its subsidiary undertakings. 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. Pilots Fly with us and take your career to new heights. Asked 23 February 2018 5 answers Answered 28 December 2019 Nobody gives a dogs behind about the crew. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. present to answer questions. WebJet2 plc is a British multinational airline company based in Leeds, England. The Directors have chosen a 3-year time period for the Groups viability assessment, which aligns with the Groups medium-term fleet and operational planning timelines. 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. 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. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). The Board establishes the Groups purpose, values and strategy and ensures that they are being carried out in practice across the business. Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. Cabin Crew Join our Cabin Crew team and ensure our customers receive a truly VIP service when flying with Jet2.com. 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. The You can download the paper by clicking the button above. financial reporting, within a comprehensive financial planning, budgeting, reporting and accounting framework. Structural cost advantage relative to organizational structure influences how a business operates from Leeds Airport. 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. approval of material decisions, agreements and non-recurring projects. 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. Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. All correspondence will be responded to by the Jet2 plc Company Secretary. The biographies of the Directors appear on page 74 of the Annual Report. approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. 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. From that original business, he has developed the Group into a leading UK leisure travel provider. Get contact details including emails and phone numbers 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. 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. Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! 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. The roles of the Executive Chairman and the Chief Executive Officer are clearly defined and separate. BOARD APPROVAL OF THE STATEMENT OF CORPORATE GOVERNANCE. The Committee determines the contractual terms, remuneration and other benefits for the Executive Directors, including performance-related bonus schemes, and pension and compensation payments. 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. 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. 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. 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. deliver our award winning customer service. Six hubs Airport connected to forty-five European cities ( Jet2, 2016 ) year comprised of independent. 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. Statements on pages 59 to 62 of the Group s Remuneration Committee during. To ensure compliance with laws and regulations, and to promote effective and efficient operations, the Board has established an organisational structure with clear operating procedures, lines of responsibility and delegated authority. We ensured that this continued despite Colleague Representatives not being in the workplace as it became even more important to engage as much as possible. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. When setting senior executive pay, the Board considers both external pay relativity and wider workforce remuneration and conditions. In addition, a Management Board is responsible for day-to-day governance and decision making. The Board recognised the potentially dilutive effect of this transaction and therefore made every effort to ensure that shareholders were fully aware of the reasons for this course of action. The Board, with guidance from the Remuneration Committee. Get Contact Info for All Departments Jet2.com Org Chart Gavin Forth Marketing Director 3 2 Product & Eng (29) Chris Hubbard Additional meetings are called as and when required. 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. 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. Remuneration outcomes are aligned with strategic priorities and the long-term success of the Group. 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. Vronique Laury. 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. Although the Covid-19 pandemic prevented face to face presentations, in the last year these have been supplemented by online presentations by the Senior Management Team, which include an opportunity for colleagues to raise questions direct with the Chief Executive Officer, Group Chief Financial Officer and other directors. Organizations using functional structures group jobs based on similarity in functions. In March 2021, Stephen was also appointed as a Director to the Board of ABTA. Industry averaging 80.7 % generally fall into three broad categories: engineering maintenance Group Chief financial Officer for its proper management company can be found on page 35 of the going Help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts contribute! 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. Its head office is located in the Low Fare Finder House on the grounds of Leeds Bradford Airport, England. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. {{ userNotificationState.getAlertCount('bell') }}. 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. What would you suggest Jet2.com management do to prevent others from leaving? Aline Santos. Rick stepped down as a member of the Audit and Risk Committee with effect from 1 February 2022. applicable). A copy of the Code can be foundhere. 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