EasyJet 2012 Annual Report Download - page 46

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Governance
Corporate governance
Principles statement
easyJet is committed to meeting the required standards of
corporate governance.
Statement of compliance
The version of the Code applicable to the current reporting period
is the June 2010 UK Corporate Governance Code.
Throughout the year ended 30 September 2012, the Board
considers that it and the Company have complied without
exception with the provisions of the June 2010 UK Corporate
Governance 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 2012, the Board comprised eight
Non Executive Directors (including the Chairman) and two
Executive Directors.
The roles of Chairman and Chief Executive are separated, set out
in writing, clearly defined, and approved by the Board.
Charles Gurassa fills the posts of Senior Independent Non
Executive Director and Deputy Chairman.
The Board meets regularly, with ten scheduled meetings having
been held during the year ended 30 September 2012 with a
further three ad hoc meetings. All members of the Board are
supplied in advance with appropriate information in a timely
manner covering matters which are to be considered. The Non
Executive Directors have also met without any Executive Directors
present during the year.
The document containing the matters reserved for the Board is
available in the governance section of easyJet’s corporate
website, http://corporate.easyJet.com.
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 Directors’ attendance record at the scheduled Board
meetings and Board committee meetings for the year ended
30 September 2012 was as set out in the table below. For Board
and Board Committee meetings, attendance is expressed as the
number of meetings attended out of the number that each
Director was eligible to attend. In addition to those scheduled
meetings set out below, ad hoc meetings were also arranged to
deal with matters between scheduled meetings as appropriate.
John Browett was unable to attend two Board meetings due to
unavoidable commitments, details of which he had notified to
the Company in advance (for one of the meetings he notified
the Company at the time when the Board meeting dates were
initially confirmed).
Board
(maximum 10)
Remuneration
Committee
(maximum 3)
Audit
Committee
(maximum 3)
Nominations
Committee
(maximum 1)
Executive Directors
Chris Kennedy 10/10 1* 3* n/a
Carolyn McCall OBE 10/10 2* 2* n/a
Non Executive Directors
Sir Michael Rake 10/10 n/a n/a 1/1
Charles Gurassa 10/10 3/3 n/a 1/1
David Bennett 8/10 2/3 2/3 0/1
Keith Hamill 10/10 1/1 3/3 n/a
John Browett 8/10 n/a 1/1 n/a
Rigas Doganis 10/10 2/3 n/a 1/1
Adèle Anderson 10/10 n/a 3/3 n/a
Andy Martin 10/10 2/2 n/a n/a
* by invitation.
easyJet plc
Annual report and accounts 2012
44