We have a strong and continuing commitment to the highest standards of corporate governance for which the Board is responsible to the Company's shareholders.
The Board recognises that good governance helps the business deliver its strategy, generate long-term shareholder value and minimise risk. We are committed to maintaining high standards of corporate governance as set out in the Combined Code provisions, the Turnbull Report on Internal Control and appropriate best practice guidance issued by investor bodies. Our corporate governance framework is directed in a manner which is responsible and in accordance with high standards of honesty, transparency and accountability. The Board considers that this statement on governance provides the information to enable shareholders to evaluate how the provisions and principles of the Combined Code have been applied.
The Board is responsible for the policies and controls put in place to discharge our responsibilities under the Combined Code. These include, for example, a sound system of internal controls and risk management procedures designed to ensure our policies achieve compliance.
Throughout the year ended 30 September 2009 we has been in full compliance with the provisions set out in Section 1 of the Combined Code and the principles of good governance.
We have also complied with the Smith Guidance on Audit Committees.
Further details of our corporate governance are reported in our Report & Accounts.
Non Executive Directors
Independent Advice
Governance Meeting and Performance Evaluation
Terms of Reference
Annual General Meeting