Informa’s Board is accountable to the Group’s Shareholders for its standards of governance, and is committed to the principles of corporate governance contained in the Code of the Financial Reporting Council published in September 2014.
The Board is pleased to report that Informa complied with the provisions of the Code during 2015.
The Governance section of Informa’s 2015 Annual Report explains how Informa applied the principles of good governance set out in the Code. 2015 was the Group’s first year of compliance with the amendments introduced to the Code in September 2014. This included changes around risk management, internal controls and the reporting of the ongoing viability of the business, specifically:
- Providing a robust risk assessment – the Code requires the Directors to confirm that they have carried out a robust assessment of the principal risks facing the Company, including those that would threaten its business model, future performance, solvency or liquidity. Details of this assessment are on pages 22 to 25 of the 2015 Annual Report
- Providing a long-term viability statement – the Code requires the Directors to provide an annual statement on the long-term viability of the business. This can be found on page 21 of the 2015 Annual Report
In accordance with the Code, the Audit Committee provided assurance to the Board that the 2015 Annual Report and Financial Statements, taken as a whole, are fair, balanced and understandable. All the matters that have been brought to the attention of the Board during the year are reflected in the Annual Report.