Corporate Governance
The Board recognises the importance of high standards of corporate governance throughout the Group. The Board is accountable to the Company’s shareholders for good governance and this statement sets out how the principles set out in the Combined Code on Corporate Governance (“the Code”), issued in June 2003 and last updated in June 2008 by the Financial Reporting Council, are applied by the Company. The Board confirms that the Company has complied with all of the Provisions set out in Section 1 of the Code, throughout the year.