Marks and Spencer 2001 Annual Report Download - page 16

16 Marks and Spencer p.l.c.
Directors’ interests
Directors’ responsibilities
Directors’ responsibilities for preparing the financial statements
The directors are obliged under company law to prepare
financial statements for each financial year and to
present them annually to the Company’s members in
Annual General Meeting.
The financial statements, of which the form and content
is prescribed by the Companies Act 1985 and applicable
accounting standards, must give a true and fair view of the
state of affairs of the Company and the Group at the end of
the financial year, and of the profit for that period.
The directors are also responsible for the adoption of suitable
accounting policies and their consistent use in the financial
statements, supported where necessary by reasonable and
prudent judgements.
The directors confirm that the above requirements have
been complied with in the financial statements.
In addition, the directors are responsible for maintaining
adequate accounting records and sufficient internal controls
to safeguard the assets of the Group and to prevent and detect
fraud or any other irregularities, as described more fully on
pages 8 and 9.
Directors’ interests in shares
The beneficial interests of the directors and their families in
the shares of the Company, together with their interests as
trustees of both charitable and other trusts, are shown below
in sections (i) and (ii). These include shares held under the
Delayed Profit Sharing Scheme. Options granted under the
Save As You Earn (SAYE) Share Option and Executive Share
Option Schemes are shown on page 30. Further information
regarding employee share option schemes is given in note 10D.
There has been no change in the directors’ interests in
shares or options granted by the Company and its subsidiaries
between the end of the financial year and one month prior
to the notice of the Annual General Meeting. The Register of
Directors’ Interests (which is open to shareholders’ inspection)
contains full details of directors’ shareholdings and options
to subscribe for shares. No director had any interest in any
subsidiary at the beginning or end of the year.
At 1 April 2000
At 31 March or date of
2001 appointment
Luc Vandevelde 808,080 808,080
Robert Colvill 59,010 53,228
Roger Holmes 285,456 285,456
Alan McWalter 12,000 12,000
David Norgrove 18,098 18,098
Brian Baldock 70,000 70,000
(i) Ordinary shares in the Company – beneficial and family interests
At 1 April 2000
At 31 March or date of
2001 appointment
Tony Ball 2,000 –
Kevin Lomax 20,000 –
Sir Michael Perry 8,357 8,357
Dame Stella Rimington 3,344 3,209
Sir Ralph Robins 2,724 2,613
Sir David Sieff 304,444 306,381
(ii) Ordinary shares in the Company – trustee interests
At 31 March 2001 At 1 April 2000
Charitable Other Charitable Other
trusts’ trusts’ trusts’ trusts’
shares shares shares shares
Sir David Sieff 22,000 48,214 22,000 45,951