BT 2010 Annual Report Download - page 59

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57BT GROUP PLC ANNUAL REPORT & FORM 20-F
REPORT OF THE DIRECTORS
We are committed to operating in accordance with best practice in business integrity,
maintaining the highest standards of financial reporting, corporate governance and ethics.
The directors consider that BT has, throughout the year, complied with the provisions set out
in Section 1 of the 2008 Combined Code on Corporate Governance (the Code) and has
applied the main principles of the Code as described in this report.
58 BOARD OF DIRECTORS AND OPERATING COMMITTEE
58 Chairman
58 Executive directors
58 Company Secretary
58 Operating Committee
59 Non-executive directors
60 THE BOARD
60 Introduction
60 Corporate governance statement
60 Directors
60 Governance and role of the Board
61 Directors’ powers to authorise conflicts of interest
61 BT’s non-executive directors
61 Main Board committees
61 New York Stock Exchange
62 REPORT OF THE AUDIT COMMITTEE
62 Introduction
62 Committee role
62 Committee activities
64 REPORT OF THE NOMINATING COMMITTEE
64 Introduction
64 Committee role and activities
64 Board evaluation
65 REPORT OF THE COMMITTEE FOR RESPONSIBLE AND
SUSTAINABLE BUSINESS
65 Introduction
65 Committee role
65 Committee activities
66 REPORT ON DIRECTORS’ REMUNERATION
66 Overview
66 Introduction
66 Remuneration policy (not audited)
73 Remuneration review (audited)
78 DIRECTORS’ INFORMATION
78 Election and re-election
78 Meetings attendance
78 Service agreements
78 Training and information
78 Independent advice
78 Directors’ and officers’ liability insurance and indemnity
78 Interest of management in certain transactions
79 BUSINESS POLICIES
79 Responsible business
79 Political donations
79 Pension funds
79 Financial statements
79 Takeover Directive disclosure
80 Financial instruments
80 Internal control and risk management
80 US Sarbanes-Oxley Act of 2002
81 Disclosure controls and procedures
81 Internal control over financial reporting
82 SHAREHOLDERS AND ANNUAL GENERAL MEETING
82 Relations with shareholders
82 Substantial shareholdings
82 AGM resolutions
82 Authority to purchase shares