Marks and Spencer 2015 Annual Report Download - page 3

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OUR BUSINESS
OUR PERFORMANCE
GOVERNANCE
FINANCIAL STATEMENTS
01
ANNUAL REPORT AND FINANCIAL STATEMENTS 2015
STRATEGIC REPORT
STRATEGIC REPORT
DIRECTORS’ REPORT*
WHAT’S IN THIS REPORT?
OUR BUSINESS
02 At a glance
04 Chairman’s statement
06 Creating sustainable value
08 Chief Executive’s strategic
overview
10 Our plan in action
OUR PERFORMANCE
14 Key performance indicators
16 Financial review
20 Marketplace
22 People behind the plan
23 Risk management
26 Operating performance*
GOVERNANCE
32 Chairman’s Governance overview
34 Leadership & e ectiveness
34 Our Board
42 Nomination Committee Report
44 Accountability
44 Risk in action
46 Audit Committee Report
51 Engagement
51 Stakeholder engagement
52 Remuneration
52 Remuneration overview
54 Remuneration Policy
62 Remuneration Report
77 Pensions governance
78 Other disclosures
83 Independent auditor’s report
FINANCIAL STATEMENTS
90 Consolidated fi nancial statements
94 Notes to the fi nancial statements
123 Company fi nancial statements
124 Notes to the Company fi nancial
statements
126 Group fi nancial record
127 SHARE HOLDER INFORMATION*
INTRODUCTION
M&S IS ONE OF THE UK’S
LEADING RETAILERS, WITH OVER
1,330 STORES WORLDWIDE.
WE ARE COMMITTED TO
DELIVERING SUSTAINABLE VALUE
FOR OUR SHAREHOLDERS AND
ENHANCING LIVES EVERY DAY
THROUGH THE HIGH QUALITY, OWN
BRAND FOOD, CLOTHING AND HOME
PRODUCTS WE OFFER IN OUR STORES
AND ONLINE BOTH IN THE UK
AND INTERNATIONALLY.
* DIRECTORS’ REPORT
Operating performance and Shareholder
information form part of the Directors’ Report.