One of the Board’s key responsibilities is to ensure that the Company is run in the long-term interests of its shareholders and broader stakeholder base.
The Group recognises the importance of high standards of corporate governance and is committed to operating within an effective corporate governance framework.
Compliance with the Combined Code
The version of the Corporate Governance Code applicable to the current reporting period is the April 2016 UK Corporate Governance Code (the Code). The Code is issued by the Financial Reporting Council and is available for review on its website.
During the financial year ended 28 April 2018, the Company complied with the provisions set out in the UK Corporate Governance Code.
Our auditors, PriceWaterhouseCoopers LLP, have reviewed the Directors’ statement on the Company’s compliance to the extent required by the listing rules and their report appears on page 104 of the 2018 Annual report and accounts.
The Board has three Committees, each of which has written terms of reference which are available here.
The Board periodically reviews the membership of its Committees to ensure that Committee membership is refreshed. The Company provides the Committees with sufficient resources to undertake their duties. The Company Secretary acts as Secretary to each Committee.
Further details on how the Board applied the UK Corporate Governance Code can be found in the Corporate Governance section of latest annual report and accounts, an extract of which is available below.