Vodafone 1997 Annual Report Download - page 47

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997 - Report of the Directors
The directors submit their annual report and audited financial statements for the year ended 31 March
1997.
Review of the Group's business
The Company and its subsidiary and associated undertakings are involved principally in mobile
telecommunications services. A review of the development of the business of the Company and its
subsidiary and associated undertakings is contained in the Statement by the Chairman and the Operating
and Financial reviews.
Future developments
The Group is currently involved in the expansion and development of the cellular telecommunications and
related businesses as described in the Statement by the Chairman and the Operating and Financial reviews.
Corporate governance
Compliance
The directors are committed to business integrity and professionalism. As an essential part of this
commitment the Board supports high standards of corporate governance and confirms that the Group
complies with the Code of Best Practice published by the Cadbury Committee on the Financial Aspects of
Corporate Governance in December 1992. The Review report by the auditors on corporate governance
appears in the Report of the auditors.
Board committees
The Board of the Company comprises five executive and five non-executive directors who are responsible
for setting strategy, approving budgets and monitoring executive management. There are three principal
committees of the Board and the membership of the committees is set out under Committees of the Board.
Responsibility for financial controls
http://www.vodafone.com/download/investor/reports/annual97/5/2.htm (1 of 9)29/03/2007 22:44:39