Marks and Spencer 2004 Annual Report Download - page 26

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24
Marks and Spencer Group plc
Directors’ interests
The beneficial interests of the directors and connected persons 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 37 to 38. Further information regarding employee share
option schemes is given in note 10.
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, except
for the agreed monthly salary of 13,500 shares for Luc Vandevelde on 8 April 2004 and 10 May 2004. 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 B shares As at B shares as at
Ordinary Shares in the Company – as at 3 April as at 3 April 29 March 2003 29 March 2003
beneficial interests and interests 2004 or date 2004 or date or date of or date of
of connected persons of retirement of retirement appointment appointment
Luc Vandevelde 988,757 – 880,686 –
Roger Holmes 293,677 – 200,084 3,130
Maurice Helfgott (appointed 19.11.03) 47,395 921 41,086 921
Laurel Powers-Freeling 68,681 – 9,681 –
Vittorio Radice 128,108 – 10,000 –
Alison Reed 144,861 1,069 84,109 2,474
Brian Baldock 86,584 – 56,584 –
Barbara Cassani 2,000 – 2,000 –
Jack Keenan 3,238 – 3,238 –
Kevin Lomax 16,190 – 16,190 –
Paul Myners 50,000 – 30,000 –
Dame Stella Rimington 2,975 – 2,870 –
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 14 and 15.