BT 2001 Annual Report Download - page 71

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BT Annual report and Form 20-F 71
The dates on which current non-executive directors’ contracts of appointment commenced and the current expiry dates are as
follows:
Non-executive director Commencement date of initial contract Expiry date of current contract
Lord Marshall 1 April 1995 18 July 2001
Sir Anthony Greener 1 October 2000 (a)
H Alexander 1 June 1998 31 May 2002(c)
J I W Anderson 1 November 1995 (b)
L R Hughes 1 January 2000 31 December 2002
N Isdell 1 July 1998 30 June 2001
J F de Moller 1 September 1999 31 August 2002
M van den Bergh 1 September 2000 (a)
Sir John Weston 1 October 1998 30 September 2001
(a) Each director’s contract of appointment is for an initial period of three years. After that period the contract is terminable on 12 months’ notice by either the
company or the director.
(b) Terminable on 12 months’ notice by either the company or the director or on one month’s notice effective on the sixth anniversary of the initial appointment.
(c) Renewable by mutual agreement.
There are no other service agreements or material contracts, existing or proposed, between the company and the directors. There
are no arrangements or understandings between any director or executive o⁄cer and any other person pursuant to which any
director or executive o⁄cer was selected to serve. There are no family relationships between the directors.
By order of the Board
Lord Marshall of Knightsbridge
Joint Deputy Chairman and Chairman of Remuneration
Committee
22 May 2001
Statement of directors’ responsibility for preparing the financial statements
The directors are required by law to prepare ¢nancial statements for each ¢nancial year which give a true and fair view of the
state of a¡airs of the company and the group as at the end of the ¢nancial year and of the pro¢t or loss and cash £ows of the
group for that period.
The directors consider that, in preparing the ¢nancial statements for the year ended 31 March 2001 on pages 73 to 131 the
company has used appropriate accounting policies, consistently applied and supported by reasonable and prudent judgements and
estimates. The directors also consider that all applicable accounting standards have been followed and con¢rm that the ¢nancial
statements have been prepared on the going concern basis.
The directors are responsible for ensuring that the company keeps accounting records which disclose with reasonable
accuracy at any time the ¢nancial position of the company and which enable them to ensure that the ¢nancial statements comply
with the Companies Act 1985.
The directors are also responsible for taking such steps that are reasonably open to them to safeguard the assets of the group
and to prevent and detect fraud and other irregularities.
The auditors’ responsibilities are stated in their report to the shareholders.