EasyJet 2015 Annual Report Download - page 57

Strategic report Governance Accounts
53
www.easyJet.com
The Remuneration Committee’s focus was firstly on putting
forward a revised Long Term Incentive Plan in its remuneration
policy for shareholder approval at the 2015 Annual General
Meeting. The remuneration policy has been designed to be
straightforward and transparent, in alignment with the
Company’s principle of having a simple and cost-effective
approach. The second area of focus was recommending a
package for the incoming Chief Financial Officer which aligned
with our policy.
Membership as at 30 September 2015
(all members are independent Non-Executive Directors)
Members of the committee
• Charles Gurassa (Chair)
• John Browett
• François Rubichon
Independent safety reports from the Director of Safety and
Security are presented at every Board meeting. The Committee
ensures that both internal and relevant external events are fully
investigated and that appropriate actions have been taken
where necessary.
The Director of Safety and Security has a direct reporting line
to the Chairman which reinforces the independence of safety
oversight. In addition, the Chairman of the Committee has
reported to the Board with his own assessment of safety
management within the airline.
Further information on the Safety Management System is
provided on page 31.
Highlights of the 2015 financial year
A range of safety-related matters have been reviewed by the
Committee during the 2015 financial year involving all areas –
flight operations, cabin crew, ground services and engineering.
Some of these reviews followed requests from the Board to
carry out detailed assessment of specific operational incidents;
others were reports of safety actions taken by easyJet
operational departments. These included a review of the
processes, identification and use of pattern recognition for
safety purposes, and also a review of the cyber security threats
to easyJet’s operations and the mitigations in place to counter
such threats.
Changes to the Committee
Although Professor Rigas Doganis stepped down from the
Board of easyJet as a Non-Executive Director on 1 December
2014, he remains as Chairman of the Safety Committee until
29 February 2016.
As reported in last year’s annual report, in October 2014 the
Committee’s former Independent Safety Expert, Geoff Want,
joined easyJet as the Director of Safety and Security. With
considerable and wide-spread previous experience in aviation
safety, he has made an invaluable contribution in ensuring
that the Company maintains the highest safety standards
and procedures.
The safety team has been further strengthened by the
appointment of a specialist in human factors.
REMUNERATION COMMITTEE
CHARLES GURASSA,
CHAIR OF THE REMUNERATION COMMITTEE
Key responsibilities
To assess and make recommendations to the Board on the
policies for remuneration for each of the Executive Directors and
the Chairman, as well as the level and structure of remuneration
for senior management.
Highlights of the 2015 financial year
• The Committee reviewed and put forward a revised Long Term
Incentive Plan which was approved at the Company’s 2015
Annual General Meeting as part of the remuneration policy.
• The Committee reviewed and put forward proposals for
the package for the new Chief Financial Officer.
The detailed Directors’ remuneration report is on pages 64 to 80.
Additional disclosures under the UK Corporate Governance Code
Hewitt New Bridge Street (HNBS) (an AON Company) has
been appointed by the Committee as easyJet’s remuneration
consultants. HNBS is a member of the Remuneration Consultants
Group and complies with its code of conduct. HNBS has no other
connection with the Company. However, a sister company in the
AON Group provides pension and flexible benefits administration
services to the Company.
Turn to page 60 for meeting attendance table