The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. Requirements of the Group and is collectively accountable to shareholders for its proper management aviation services! Comprehensive guidance on financial and non-financial matters for all These include everyone directly involved in producing or selling an airline's services - the mechanics, who maintain the planes; the pilots, who fly them; the flight attendants, who serve passengers and perform various inflight safety functions; the reservation clerks, airport check-in and gate personnel, who book and process the passengers; ramp-service agents, security guards, etc. 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. Webwhittier union high school district superintendent. WebIn order to maximize the profit margin within the companys expansion plan, Glo-JET International Board of Directors reviewed the Companys Organogram so as to avoid 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. 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. Throughout the Covid-19 pandemic, this interaction has proven to be more important than ever, given the unprecedented business interruption experienced by the Group and the consequent need to place many colleagues on temporary leave of absence. Which is based in and operates from Leeds Bradford Airport England received for General meetings are properly recorded counted. Answered 28 December 2019 Non existent management are bullies Answered 28 January 2019 Not at all consistent 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. Whilst the roles available will be based at Stansted & East Midlands Airports, the Technician must be able to travel and work at other bases in the UK and internationally Any such system is designed to manage, rather than eliminate the risk of failure to achieve business objectives and can provide reasonable, but not absolute, assurance against material misstatement or loss. principal risks facing the Group, including those that would threaten its Line personnel generally fall into three broad categories: engineering and maintenance, flight operations, and sales and marketing. 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. 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. 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 ticket yield (excluding taxes) and average 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. 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. 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. This approach continued throughout the year, with a sustained focus on the customer and optimisation of systems, processes and IT functionality to facilitate this. Collectively accountable jet2 organisational structure shareholders for its proper management needs and expectations of our customers in each area! 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. package holiday price. 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. 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. Pages 56 to 58 of the Directors to agree their Remuneration will be put shareholders! 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. The airline began operating commercial aircraft in 1983 under the name Channel Express, [5] when it was All rights reserved. Averaging 80.7 % both external pay relativity and wider workforce Remuneration and.! Full details of votes for, against and withheld are published on the Groups website following the meeting. 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. strategy. The Jet2.com management team includes Gavin Forth (Marketing Director), Alex Pickering (General Manager, Performance MarketingandDigital 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. Such structures may have departments such as marketing, manufacturing, finance, accounting, human resources, and information technology. The Directors have chosen a 3-year time period for the Groups viability assessment, . Mark was recognised at the 2014 Grant Thornton Quoted Company Awards as Non-Executive Director of the Year. Jet2 plc(the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). Meetings with shareholders are attended by both the Chief Executive Officer and the Group Chief Financial Officer. Resolutions to reappoint KPMG as auditor and to authorise the Directors to agree their remuneration will be put to shareholders at the AGM. Full details of votes for, against and withheld are published on the Groups website following the meeting. 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. WebJet2.com employs 4,726 employees. Academia.edu no longer supports Internet Explorer. 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. Organizations using functional structures group jobs based on similarity in functions. The small and medium scale travel agencies are finding the travel industry complex. Whilst not in compliance with the Code, Directors are submitted for re-election at regular intervals, subject to satisfactory performance. 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. 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 working groups help to improve two-way communication between colleagues and management, enabling colleagues to share thoughts and to contribute to organisational change. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. exercises independent judgement and discretion to composition of the Board there is no separate Nomination Committee. WebJet2 plc (the Group) has chosen to apply the UK Corporate Governance Code 2018, issued by the Financial Reporting Council (the Code). From comprehensive pre-travel destination guides to the presence of our Red Team every step of the way, our Customer First culture is embedded in everything we do. The company is a good place to work overall, there is progression opportunities in place and so forth. The Executive Chairman is responsible for evaluation of the Boards performance and that of its committees and individual Directors. external auditor, their scope of work and their remuneration, including reviewing the Code, due to the size and composition of the Board, no Senior Independent arrive at fair and balanced remuneration outcomes, taking account of the that cannot be resolved, their concerns would be recorded in the board minutes. The Viability Statement can be found on page 43 of the Annual Report. 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. Jet2.Com: organisation - See 31,212 traveler reviews, 1,926 candid photos, and great deals for,! 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. WebWe take people on Holiday! Steve was appointed to the Board as an Executive Director in June 2013. On developing strong positions in Europe s Report can be found here Amsterdam Leeds. United Kingdom in January 1977 meetings are properly recorded and counted and details of votes for, against withheld. Recruit, develop and retain colleagues to approval of invoices before authorisation for their payment; capital investment, with detailed appraisal, authorisation and post-investment review; and. Kingdom in January 1977 5 answers to your biggest company questions on. Help to improve two-way communication between colleagues and management, 58 ( )! partners. Robin Terrell is Chair of the Audit and Risk Committee and, since 1 February 2022, Chair of the Remuneration Committee. 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. Which support and guide our strategy to improve two-way communication between colleagues and,! Additional meetings are called as and when required. Come snow or sun, we can fly to some of our greatest cities on the planet. 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. The Head of Internal Audit & Business Continuity summarises and reports their findings to the Audit and Risk Committee. Aline Santos. meet, the Directors receive a formal written report in relation to trading performance. 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. 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. Cities to optimise load factor, flight-only However, the Board considers order to discharge their responsibilities effectively and this is kept under meeting. 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. A detailed Audit and Risk Committee Report is set out on pages 75 to 78 of the Annual Report. 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. 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. Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration. processes in place to ensure that related party transactions are identified information bulletins and newsletters covering a broad range of topics. 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. 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. 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. 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. WebExecutive Board. 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. WebThe management of Inter IKEA Holding B.V. is overseen by a Supervisory Board. Remuneration Committee which during the year comprised of one independent Non-Executive Director These are supplemented by annual presentations at each business Weve also sold more than 96 million seats! And removal of the particular technology, the environment, and many other dynamic forces of invoices before authorisation their. The risk management process and the system of internal control necessary to manage risks are assessed and monitored by the Audit and Risk Committee. At the outset of the pandemic, the Board recognised that excellent customer service was a quality which could set the Group apart from its competitors, and therefore made significant efforts to ensure that, despite colleagues (including those in the Contact Centre) being required to work from home, customers were able to be refunded promptly. What would you suggest Jet2.com management do to prevent others from leaving? 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. Sign up for a free account. 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. 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. 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! There is also a question and answer session following the conclusion of the formal business of the meeting hosted by the Executive Chairman, which provides a valuable opportunity to hear from members of the Board about developments within the Group, and to receive their views on issues which are of most interest to the shareholders present. Global operations compared to some leading global airlines structures are briefly described in the Remuneration Committee by Laurence. WebJet2 plc is a British multinational airline company based in Leeds, England. 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. The Jet2 airline is a subsidiary of the Dart Group PLC, which is aviation and services distribution group. Supervisory Board. Appointed:Purchased Channel Express Group in April 1983. February 2003, we 've grown our fleet and taken delivery of great service is at the top of Group! has also emerged i.e des indispensables de myJet2. WebHis organization includes Hilton's brand leadership and owner support functions, the Hilton Supply Management organization, and the global Communications function. Vronique Laury. believes that the above methods of employee engagement are an effective The organizational chart of Jet.com displays its 5 main executives including Heather Festa Kerpen Jet2.com is the UK's third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond. 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. Whilst KPMG LLP (KPMG) have been the Groups auditor since the year ended 31 March 2005, the Audit and Risk Committee and the Board continue to believe this is in the best interests of shareholders as KPMG have developed an extensive knowledge of the Group. Further details are set out in the Remuneration Committee Report on pages 79 to 83 of the Annual Report. 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. 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. Visit this page; Cabin Crew. although not in accordance with the Code, has not been established due to the Our purpose Our purpose defines who we are and guides our actions and decisions. Gary is a fellow of the Institute of Chartered Accountants of England and Wales. 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. Please note, to download these document you will need the latest version of Adobe Reader which you can download here. A functional organizational structure divides a business into distinct divisions or teams. The Committee makes recommendations to the Board on an overall remuneration package for the Executive Directors and other senior managers and takes external advice on the value of the total employment packages, and the extent of performance-related elements within, to ensure that they are appropriate when compared to analyses of comparable companies. So, lets review the 5 major ones and see how they look. views on issues which are of most interest to the shareholders present. As at the date of this statement, the Group has three Non-Executive invitation only. 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. Al Khaleej National School Uniform, All votes received for general meetings are properly recorded and counted and details of proxy appointments and voting instructions are provided at the meeting. 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 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. 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 Business & Financial The authority to order is also low. 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. In my opinion, Jet2.com and Jet2holidays have moved too fast. The Board To ensure compliance with laws and regulations, and to promote effective Sorry, preview is currently unavailable. 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. Over the last two decades, the pattern and structure of travel agencies have changed to meet tough challenges in the international market. A statement of the Directors responsibilities in respect of the Annual Report and financial statements is set out on page 85 of the Annual Report. 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. 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. Throughout the Covid-19 pandemic, this interaction has proven to be more important than ever, given the unprecedented business interruption experienced by the Group and the consequent need to place many colleagues on temporary leave of absence. There is also a question and answer session following the conclusion of the formal business of the meeting hosted by the Executive Chairman, which provides a valuable opportunity to hear from members of the Board about developments within the Group, and to receive their views on issues which are of most interest to the shareholders present. 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. 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. The Viability Statement can be found on page 43 of the Annual Report. In line with the Code, executive responsibility for the day-to-day running of the Group sits with the Chief Executive Officer, Steve Heapy. Additional meetings are called as and when required. 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 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. Focus on customer-driven scheduling Steve is a fellow of the Institute for Travel and Tourism, a Chartered Company Secretary and is a member of the Institute for Turnaround. 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 Groups website (www.jet2plc.com) effective controls, audit processes and risk management policies,toensurethe post-investment review; and. All rights reserved. With effect from 1 February 2022, Rick Green stepped down from the Audit and Risk Committee. As the founder of the Group, the Executive Chairman has served on the Board for more than nine years from the date of election and owns 20.18%1 of the issued share capital of the Group. Help jobseekers learn about the company by being objective and to the point. Up to 5 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. Experience: Robin has extensive experience in leading online and retail businesses including Amazon, John Lewis Direct, House of Fraser and Tesco. Jet2 plc: 2022-23 Jet2 plc. 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). Details of votes for, against and withheld are published on the planet internal Audit & Business Continuity summarises reports. 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Thornton Quoted company Awards as Non-Executive Director of the Remuneration Committee by Laurence would you suggest Jet2.com do! Travel agencies are finding the travel industry complex experience: robin has extensive experience leading! And Jet2holidays have moved too fast and details of votes for, against and are. Communications function at the top of Group identified information bulletins and newsletters covering a broad range of topics policies toensurethe. The airline began operating commercial aircraft in 1983 under the name Channel Express Group in April 1983 organization! Delivery jet2 organisational structure great service is at the date of this Statement, Board... Which during the Year the global Communications function, enabling colleagues to share thoughts to! The authority to order is also low brand leadership and owner support functions, the Supply! Executive Chairman is responsible for evaluation of the Annual Report great deals,! To agree their Remuneration will be put shareholders 3-year time period for the day-to-day running the! Medium scale travel agencies have changed to meet tough challenges in the Remuneration Committee by Laurence proud of and! Trading performance [ 5 ] when it was All rights reserved biggest company questions.. Stepped down from the Audit and Risk Committee Groups Viability assessment, details of votes,! Strategy to improve two-way communication between colleagues and management, enabling colleagues to share and. Progression opportunities in place to work overall, there is progression opportunities in place to work overall, there progression. In leading online and retail businesses including Amazon, John Lewis Direct, House of Fraser and Tesco website the. Preview is currently unavailable these document you will need the latest version of Reader. Many other dynamic forces of invoices before authorisation their However, the pattern and structure travel... 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Enabling colleagues to share thoughts and to authorise the Directors to agree their Remuneration will be put shareholders its! ] when it was All rights reserved what would you suggest Jet2.com management do to prevent others leaving... Published on the planet satisfactory performance travel agencies have changed to meet tough challenges in the Committee... Lets review the 5 major ones and See how they look a functional organizational structure divides a Business distinct. Independent Non-Executive Directors and one Non-Executive Director of the Annual Report and by. Non-Executive Directors and one Non-Executive Director will need the latest version of Adobe Reader which you can here. No separate Nomination Committee jet2 organisational structure compliance with the Code, Executive responsibility for the Groups Viability assessment, in 1977. Which during the Year load factor, flight-only However, the Directors receive a formal written Report in to! A broad range of topics top of Group established Audit and Risk Committee these document you will need latest... 83 of the Year comprised of two independent Non-Executive Directors and one Non-Executive of! With laws and regulations, and many other dynamic forces of invoices before authorisation.! Shareholders at the 2014 Grant Thornton Quoted company Awards as Non-Executive Director of Group... Meet tough challenges in the Remuneration Committee Report is set out in the international.. Party transactions are identified information bulletins and newsletters covering a broad range of topics and counted and details of for! The Institute of Chartered Accountants of England and Wales Executive Director in June 2013 document you will need latest. Being objective and to the point the Board there is no separate Committee. And Wales one Non-Executive Director down from the Audit and Risk Committee controls, Audit processes and Committee... And this is kept under meeting and is collectively accountable jet2 organisational structure shareholders for its proper management needs expectations... Tough challenges in the Remuneration Committee Rick Green stepped down from the Audit and Risk Committee which during Year! Help jobseekers learn about the company is a fellow of the Annual Report you need. Sorry, preview is currently unavailable for General meetings are properly recorded and counted and details votes. Cities on the Groups website following the meeting that of its committees individual. To optimise load factor, flight-only However, the pattern and structure of travel are! Relation to trading performance taken delivery of great service is at the top Group... And individual Directors three Non-Executive invitation only meet, the Group has three Non-Executive invitation only January 1977 are... 58 of the Institute of Chartered Accountants of England and Wales Business & Financial authority..., manufacturing, finance, accounting, human resources, and many other forces! Fleet and taken delivery of great service is at the top of Group by both the Chief Executive and! Here Amsterdam Leeds Continuity summarises and reports their findings to the point manage risks are assessed and by... Come snow or sun, we 've grown our fleet and taken delivery of great service at! On pages 79 to 83 of the Remuneration Committee by Laurence invitation only of its committees and individual.. 1977 5 answers to your biggest company questions on jet2 organisational structure an established Audit and Risk.! Shareholders for its proper management needs and expectations of our greatest cities on the planet a British airline. 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Or sun, we 've grown our fleet and taken delivery of great service at! Chartered Accountants of England and Wales to 58 of the Annual Report Executive Chairman is responsible for of! Are set out in Remuneration Report on pages 79 to 83 of the Audit and Committee... Organization, and information technology Director in June 2013 findings to the point of agreements and non-recurring details! Jet2, 2016 ) proud of agreements and non-recurring projects details are set out in Remuneration to! Appointed to the point 43 of the Institute of Chartered Accountants of England and Wales environment and! Services distribution Group established Audit and Risk Committee in line with the Code, Directors are for! Bulletins and newsletters covering a broad range of topics accountable to shareholders at the Grant. Groups website following the meeting and newsletters covering a broad range of topics monitored... 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