Marks and Spencer 2003 Annual Report Download - page 23

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www.marksandspencer.co m 21
Directors’ interests
The beneficial interests of the directors and their families in the shares of the Company are shown below. 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 pages 35 to 37. Further information regarding employee share option
schemes is given in note 10E.
There have been no other changes 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.
Ordinary shares at B shares at
Ordinary shares B shares 30 March 2002 30 March 2002
Shares in the Company – at 29 March at 29 March or date of or date of
beneficial and family interests 2003 2003 appointment appointment
Luc Vandevelde 880,686 – 654,160 808,080
Roger Holmes 200,084 3,130 173,588 3,130
Justin King 24,875 – 24,768 –
David Norgrove 41,363 2,886 19,697 19,849
Laurel Powers-Freeling 9,681 – 2,639 –
Alison Reed 84,109 2,474 61,974 4,425
Vittorio Radice 10,000 – 10,000 –
Brian Baldock 56,584 – 56,584 –
Jack Keenan 3,238 – 3,238 4,000
Kevin Lomax 16,190 – 16,190 20,000
Paul Myners 30,000 – 30,000 –
Dame Stella Rimington 2,870 – 2,791 –
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 the 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 11 and 12.