BT 2012 Annual Report Download - page 65
Download and view the complete annual report
Please find page 65 of the 2012 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
 |
 |
62 Governance
Chairman’s governance report
Some key matters to highlight are:
I am delighted to welcome Karen
Richardson who joined the Board in
November. She brings valuable experience
in technology and has helped strengthen
the diversity of our Board.
The recruitment process was led by me
with the full involvement and support of
the
Nominating & Governance Committee
and is explained in more detail on page72.
The Committee employed external search
consultants to help identify suitable
candidiates to make sure the procedure was
open and transparent. The consultants have
adopted the voluntary code of conduct for
executive search firms.
We have announced that Eric Daniels will
be stepping down from the Board on the
13 June 2012 and I would like to thank
him for the value he has brought to the
Board, particularly through his global
business experience. I would also like to
thank Carl Symon who retired from the
Board in January having made a significant
contribution to the company, particularly as
Chairman of the
Equality of Access Board.
During the year the
Audit & Risk
Committee
, as part of its focus on risk,
received separate presentations from the
Chief Executive and each CEO of our lines
of business and internal service units. This
strengthens the link between the executive
management and the Committee’s
oversight of risk.
Creating our five regional governance
committees in the prior year has enabled
the
Nominating & Governance Committee
to have greater oversight of the governance
and compliance issues worldwide.
As Chairman of BT,
I explain how your
company has been
governed over the
year, the main activities
that have been carried
out by the Board and
its Committees, and
how our structure
of governance and
controls has operated.
Sir Michael Rake
Chairman
We continue to respond to relevant
consultations on governance and consider
it important to make a contribution to the
debate. This year we have commented
on a number of consultations, including
the consultation on the EU Green
paper on corporate governance and
the Government’s consultations on
narrative reporting and executive pay and
shareholder voting rights.
Sir Michael Rake
Chairman
9 May 2012
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information