EasyJet 2011 Annual Report Download - page 48

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Corporate governance
Principles statement
easyJet is committed to meeting the required
standards of corporate governance.
Statement of compliance
During the year, the Board considers that it and the
Company have complied without exception with the
provisions of the Code. The Code is issued by the
Financial Reporting Council and is available for review
on the Financial Reporting Council’s website
http://www.frc.org.uk/corporate/ukcgcode.cfm.
Leadership
As at 30 September 2011, the Board comprised eight
Non Executive Directors (including the Chairman) and
two Executive Directors.
The roles of Chairman and Chief Executive are
separated, clearly defined, and approved by the
Board.
Sir David Michels was, until 26 August 2011 the Senior
Independent Non Executive Director and held the
post of Deputy Chairman. Both posts are now filled by
Charles Gurassa.
The Board meets regularly, with 11 scheduled
meetings having been held during the year ended
30 September 2011 with a further four ad hoc
meetings. All members of the Board are supplied in
advance with appropriate information covering
matters which are to be considered. The Non
Executive Directors have met without any Executive
Directors present during the year from time to time,
usually prior to or immediately after Board meetings.
The matters reserved for the Board had originally
been drafted at the time of flotation and was
reviewed during the year. As a result, an updated
terms of reference was approved during the year to
bring it into line with current best practice as set out
by the Institute of Company Secretaries and
Administrators. It is available on easyJet’s website.
Day-to-day management responsibility rests with the
Executive Management Team (“EMT”), which
comprises ten Executives (including the Executive
Directors of the main operating company, easyJet
Airline Company Limited). The first reports of the EMT
then form the Executive Leadership Team.
Meetings attended during the financial year ended 30 September 2011 plc Board
Scheduled
meetings
eligible to
attend
Scheduled
meetings
attended
Additional
meetings
eligible to
attend
Additional
meetings
attended
Executive Directors
Chris Kennedy 11 11 4 4
Carolyn McCall OBE 11 11 4 4
Non Executive Directors
Sir Michael Rake 11 11 4 4
Charles Gurassa (joined 27 June 2011) 3 3 3 2
Sir David Michels (left 26 August 2011) 10 8 3 2
David Bennett 11 7 4 4
Keith Hamill 11 10 4 4
John Browett 11 9 4 2
Rigas Doganis 11 10 4 4
Sven Boinet (left 30 September 2011) 11 7 4 1
Adèle Anderson (joined 1 September 2011) 1 1 1 1
Andy Martin (joined 1 September 2011) 1 0 1 0
46
easyJet plc
Annual report
and accounts 2011