Marks & Spencer’s 2017 Annual Report contains a ‘Board activities’ discussion which is presented in tables covering six key topics – strategy, values, shareholder engagement, governance & risk, customer, and leadership & employees. For each topic, information is provided on the main activities and discussion points, and concise bullet points (3E of the <IR> Framework)…
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Governance
Swedish Export Credit Corporation’s (SEK’s) 2016 Annual Integrated Report contains a concise discussion on stakeholder dialogue which explains the channels through which SEK listens to various stakeholders’ concerns and what their primary expectations in terms of sustainability are. Narrative initially provides background on the company’s approach to listening to stakeholders and that GRI is used…
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Governance
UniCredit’s 2016 Integrated Report publishes a governance discussion which incorporates information on diversity, sustainability and remuneration. Alignment with para. 3.37 of the International <IR> Framework is shown as the language used is concise and the section does not burden the reader with irrelevant information. The organisation’s governance structure is first depicted in a succinct chart,…
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Governance
Within the Governance section of the report, British American Tobacco lists the activities undertaken by the Board during the year under each of the company’s strategic priorities. This outlines the ways in which the Board has influenced and monitored the strategic direction of the company, thus demonstrating how the company’s governance structure supports its ability…
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Governance
In the ‘Responsible Business’ section of the 2015 Review, Aegon outlines its approach to management and the importance that shareholders have in relation to governance. In line with para. 4.8 of the International <IR> Framework, Aegon discusses how its multi-tier governance system, which includes inputs from shareholders, is able to support its Responsible Business commitment,…
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Governance
To understand value creation of a company and to assess its business model's long term viability, it is key to understand the organization and the environment in which it operates. Moreover, it is important to understand how the business environment is likely to develop in the future. MS&AD Insurance Group provides a concise overview of…
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Governance
In terms of “support of the governance structure to the ability of the organisation to create value in the short, medium and long term both in terms of skills and diversity” (« Governance », para. 4.9, p. 25 of the International <IR> Framework), the discussion on governance offers a concise overview of the structure, composition and activities…
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Governance
The Chairman’s statement is particularly strong as it provides a succinct and insightful overview from the Chairman’s personal perspective, showing accountability and responsibility with a clear focus on topics such as governance, values and culture. In particular, a pull-out box provides information on the governance profile and principles of the Board, which signposts to further…
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Governance
Direct Line Group’s Chairman’s introduction provides an informative overview of the Board’s commitment to good governance, highlighting the corporate values and code of business conduct that guide the company’s behavior and performance. The Code of Business Conduct lays out the overarching objectives of the company’s interactions with customers, shareholders and employees. The Corporate Governance Report…