Corporate Governance
The Company is committed to the principles of corporate governance contained in the Combined Code on Corporate Governance (the Code) that was issued in 2006 by the Financial Reporting Council for which the Board is accountable to shareholders. Throughout the year ended 31 December 2008 the Company was in compliance with all the Code provisions set out in Section 1 of the Code except for Code Provisions A.2.2. This is because from the beginning of the financial year until 17 March 2008 Mr Rigby served as Chairman, and did not meet the independence criteria prescribed by the Code since immediately prior to his appointment he had been Chief Executive. IN accordance with Code Provision A.2, the Company appointed Derek Mapp as Chairman and reappointed Peter Rigby as Chief Executive on 17 March 2008.
More information on Corporate Governance can be found in the Corporate Governance Statement in the Annual Report and Financial Statements 2008.
For more information on Corporate Governance, go to the main Corporate Governance section.
