Combined Code Report
  
This report is based on The Combined Code which is administered by the Financial Reporting Council (FRC) and has been applied since 1 November 2003. It focuses on four main areas: compliance with the Combined Code, Board Composition & Balance, Remuneration Packages & Procedures and Accountability & Audit.
  

  
Board Composition
This table shows you the members of the Board, their appointment date where available, committee membership and whether they meet the independence criteria set out in the Combined Code.
  
Notes
Where a breach is identified, we note the Company’s explanation but leave the final judgment to shareholders. An example would be where a director has been on the Board for more than the 9 years recommended by the Code.
  
Supplementary Questions
This section shows the numbers of Executives, Independent and non-Independent Non-Executive Directors on the Board. It also details audit and non-audit fees for the current and previous years.
  
View a full IVIS Report, the Combined Code Report is on pages 4-5.