Corporate Governance

Extract from the Annual Report and Accounts 2008 concerning corporate governance matters.

Introduction

The Company is committed to high standards of corporate governance and supports the principles laid down in the revised Combined Code on Corporate Governance (‘the Code’) as issued by the Financial Reporting Council in June 2006. This statement describes how the principles of the Code are applied and reports on the Company’s compliance with the Code’s provisions. A copy of the Combined Code can be found online at www.frc.org.uk/corporate/combinedcode.cfm.