Governance

Governance became an important theme in society around the world in 2011, with public awareness of issues such as corruption and corporate excess growing in many countries. As a Board, we are ultimately responsible for framing and executing the Group’s strategy and for overseeing risk management. Management of risk is not limited to financial or strategic matters but increasingly encompasses areas such as business conduct and ethics which can materially affect corporate reputations.

We consider the practice of good governance to be integral to the Board’s role and we remain committed to maintaining high standards of financial reporting, transparency and business integrity in all the Group’s undertakings.

The following report describes in more detail how we seek to embed good governance in the Board’s activities.

Click here to view the 2011 Corporate Governance Statement