Accountability

Financial and business reporting

The Board produces the following reports:


  • Trading updates
  • Interim results statement
  • Preliminary results statement
  • Annual report

The annual financial calendar can be found here.


Risk management and control


The Board

  • is responsible for the effectiveness of the Group's system of internal control
  • monitors all controls, including financial, operational and compliance controls, and risk management

Further details can be found in the Annual Report.


Audit committee and auditor
Details of the role and activities of the Audit committee can be found in the Audit committee Terms of Reference.

The Audit committee has implemented the following Group wide policies:
  • Whistle-blowing policy, detailing arrangements for employees to raise concerns about possible improprieties in matters of financial reporting and other matters.
  • Code of Conduct, incorporating the requirements of the Bribery Act 2010.

Internal audit function
The Audit committee is required to assist the Board to fulfil its responsibilities relating to the adequacy of the resourcing and plans for the provision of an internal audit function. Due to the size of the Group the Audit committee recommends to the Board that there is no requirement for an internal audit function. Focus on Group wide internal control mechanisms and reviews of the subsidiary operations financial reporting is the responsibility of the Group Finance Director assisted by the regional financial controllers.


External auditor
The external auditor is jointly responsible to the Board and the Audit committee, the latter being the primary contact.

Responsibilities and duties of the Audit committee in relation to the external auditor can be found in the Audit committee Terms of Reference .

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