Responsible Business: Introduction of Just Eat plc
Responsible Business (coursework 1)
Responsible Business (coursework 1)
Introduction of Just Eat plc
Just Eat plc is an online food ordering and delivery service. The Company operates in the United Kingdom, Spain, Ireland, France, Denmark, Belgium, Switzerland, Norway, Italy, Portugal, Canada, Mexico, Brazil, Colombia, Chile, Argentina, and Australia. The Company's segments include UK, Australia & New Zealand, Canada, Denmark, France, Ireland, Italy, Iberia, Netherlands & Belgium, Nordic, Poland, Portugal, Spain, Switzerland, and International. The Company operates through several brands, including Just Eat, Hungry House, SkipTheDishes, Alloresto, Lieferando, and Pyszne. pl, Lieferando.de, Eltenedor, AlloRestoByJust Eat, and Menulog. The Company's technology platform enables its Restaurants Partners to take orders from Customers and process them. It offers various categories, such as pizzas, Asian food, Indian food, kebabs, sushi, burgers, and fried chicken.
Just Eat plc is a leading online food delivery marketplace, connecting consumers and restaurants through its platform in 13 countries. The Company enables consumers to order and pay for food from local restaurants through its websites and mobile apps (Sanandra et al. 2021). The Company's online marketplace connects Customers and Restaurants. The Company's platform enables customers to search for and discover local Restaurants and place orders for food directly through the platform. The Company's platform enables Restaurants to manage orders and access an online customer base. Just Eat plc’s headquartered in London, United Kingdom. Just Eat is an online food delivery company. The Company enables customers to order food from local restaurants through its website or mobile app. Its platform enables restaurant partners to receive orders from consumers, which are then processed and delivered to consumers by the restaurant partners. Just Eat was founded in Denmark in 2001 by Jesper Bunch and five entrepreneurs: Jesper Buch, Morten Buch, Tøger Seidenfaden, Klaus Nyvold, and Anders Povlsen. As of December 2018, Just Eat operated in 13 countries. Just Eat is a publicly traded company. In 2018, the Company merged with Takeaway.com, a leading online food delivery marketplace in Continental Europe.
The Company's shares are listed on the London Stock Exchange, a constituent of the FTSE 100 Index. As of December 2018, Eat had a market capitalization of £5.21 billion ("Gross lending, gross repayments and net lending to SMEs in the United Kingdom 2019). Just Eat reported revenue of £1.02 billion in 2017 and £1.21 billion in 2018. The Company's net income was £41.8 million in 2017 and £84.4 million in 2018.
Firm’s Board of Directors
Just Eat plc's Board of directors comprises executive, non-executive, and independent non-executive directors. The Company's Board of directors comprises eight members, including four executive directors, three non-executive directors, and one independent non-executive director. The four executive directors are the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and the General Counsel. The three non-executive directors are the Chairman of the Board, the Senior Independent Director, and the Lead Independent Director. The Lead Independent Director is responsible for chairing board meetings in the absence of the Chairman and representing the independent directors' views. The executive directors on the Board are CEO Jitse Groen and CFO Dick Boer. The non-executive directors are Chairman Jitse Groen and directors Mr. Brent Wissink, Jörg Gerbig, and Dick Boer. The independent non-executive directors are Sir David Michels, Dame Fiona Woolf, and William Fletcher. The Board has four key sub-committees: the Audit Committe