EasyJet 2014 Annual Report Download - page 55

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www.easyJet.com 53
Governance
priorities following the evaluation are described on page 68.
Following this review, I am satisfied that the Board and its
Committees are performing effectively and that there is
the appropriate balance of skills, experience, independence
and knowledge of the Group to enable the Directors to
discharge their respective duties and responsibilities
effectively. I am also satisfied that the members of the
Board, in particular the Non-Executive Directors, have
sufficient time to undertake their roles at Board and
Committee level with the Company, so as to be able
to discharge their responsibilities effectively.
Board Committees
The Board delegates certain of its responsibilities to the
Board Committees to enable it to carry out its functions
effectively. A diagram of the Board governance structure
is set out on page 58.
The Fleet Oversight and Governance Committee (FOGC)
continued to meet during the year to provide governance
oversight over the engine selection process following the
fleet order deal which was approved by shareholders in
July 2013. The selection of engine supplier was concluded
in June 2014, following which the FOGC was dissolved.
Reflecting the importance of technology in maintaining
resilience and competitive differentiation, the Board
created an IT Governance and Oversight Committee in
April to provide independent oversight and challenge over
the planned and phased review of our core IT systems.
This Committee is chaired by John Browett, who has a
wealth of experience in IT oversight, in particular in his
previous role running tesco.com where he was responsible
for formulating and delivering its strategy from launch to
profitability. Keith Hamill and Adèle Anderson also bring
their relevant experience to the Committee. Since its
constitution, the Committee has provided guidance on the
risk framework surrounding IT resilience and change. More
details on the IT Governance and Oversight Committee
can be found on page 65.
Structure of corporate governance report
The corporate governance report is intended to give
shareholders an understanding of the Company’s corporate
governance arrangements and how they have operated
during the 2014 financial year. This year, the Corporate
governance report also includes reports from each of the
Committee Chairmen to provide details on key matters
addressed by the Committees during the year.
On pages 66 to 69 we describe how the Company has
complied with the principles of the UK Corporate
Governance Code.
Compliance with the UK Corporate Governance
Code The Board considers that it and the Company
have, throughout the year ended 30 September 2014,
complied without exception with the provisions of the
UK Corporate Governance Code (September 2012),
which is the version of the Code which applies to the
Company for its 2014 financial year. The Code is issued
by the Financial Reporting Council and is available for
review on the Financial Reporting Council’s website:
https://www.frc.org.uk
John Barton
Non-Executive Chairman