EasyJet 2015 Annual Report Download - page 66

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62 easyJet plc Annual report and accounts 2015
Corporate governance report continued
C. Accountability
C.1 Financial and Business Reporting
Please refer to:
• page 84 for the Board’s statement on the Annual report
and accounts being fair, balanced and understandable;
• page 22 for the statement on the status of the Company
and the Group as a going concern; and
• the Strategic report on pages 6-15 for an explanation of the
Company’s business model and the strategy for delivering
the objectives of the Company.
C.2 Risk Management and Internal Control
The Board has carried out a robust assessment of the principal
risks facing the Company and how those risks affect the
prospects of the Company. Please refer to pages 24-29 for
further information on the Company’s principal risks and
uncertainties and page 22 for their impact on the prospects
of the Company.
The overall responsibility for easyJet’s systems of internal control
and for reviewing their effectiveness rests with the Board. The
Board has conducted an annual review of the effectiveness
of the systems of internal control during the year, under the
auspices of the Audit Committee. Further information on the
Company’s risk management and internal control systems is
given on page 63.
C.3 Audit Committee and Auditors
For further information on the Company’s compliance with the
Code provisions relating to the Audit Committee and auditors,
please refer to the Audit Committee report on pages 54-57.
D. Remuneration
For further information on the Company’s compliance with the
Code provisions relating to remuneration, please refer to:
• the Directors’ remuneration report on pages 64-83 for the
level and components of remuneration (D.1); and
• page 53 (the Remuneration Committee Report) for the
procedure relating to remuneration (D.2).
E. Relations with shareholders
E.1 Dialogue with Shareholders
The Company actively engages with investors and solicits their
feedback. The Chairman met with shareholders to help maintain
a balanced understanding of their issues and concerns. He has
updated the Board on the opinions of investors. The views of
shareholders and market perceptions are also regularly
communicated to the Board via verbal briefings.
easyJet has an investor relations department which runs an
active programme to facilitate engagement with investors based
around the financial reporting calendar.
This year the programme has included one-to-one meetings
with institutional investors, road shows and conferences. There
is also regular communication with institutional investors on
key business issues.
During the course of the year the Chairman and Chief Executive
have both met with a representative of easyGroup Holdings
Limited, the Company’s largest shareholder, to discuss relevant
matters. The Chief Financial Officer, Chris Kennedy, has also met
separately with representatives of easyGroup Ltd (an affiliate of
easyGroup Holdings Limited) to discuss matters relating to the
management and protection of the “easyJet” and “easy” brands.
E.2 Constructive use of the Annual General Meeting
The Annual General Meeting gives all shareholders the
opportunity to communicate directly with the Board and
encourages their participation. Shareholders are given the
opportunity to raise issues formally at the Annual General
Meeting or informally with Directors after the meeting. All
Directors normally attend the Annual General Meeting and the
Chairs of the Committees are available to answer questions at
the Annual General Meeting.