Marks and Spencer 2016 Annual Report Download - page 3

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OUR BUSINESSOUR PERFORMANCEGOVERNANCEFINANCIAL STATEMENTS
01
ANNUAL REPORT AND FINANCIAL STATEMENTS 2016
STRATEGIC REPORT
DIRECTORS’ REPORT*
WHAT’S IN THIS REPORT?
OUR BUSINESS
02 At a glance
04 Chairman’s statement
06 Chief Executive’s strategic
overview
10 Creating sustainable value
12 Connected value
OUR PERFORMANCE
14 Marketplace
15 Operating performance
18 Key performance indicators
22 Financial review
26 Our people
27 Risk management
GOVERNANCE
30 Chairman’s Governance overview
32 Leadership & e ectiveness
32 Our Board
40 Nomination Committee Report
42 Accountability
42 Audit Committee Report
47 Risk in Action
49 Stakeholder engagement
50 Remuneration
50 Remuneration overview
52 Remuneration at a glance
54 Summary Remuneration Policy
58 Remuneration Report
72 Pensions governance
73 Other disclosures
78 Independent auditor’s report
FINANCIAL STATEMENTS
86 Consolidated fi nancial
statements
90 Notes to the fi nancial statements
122 Company fi nancial statements
123 Notes to the Company fi nancial
statements
126 Group fi nancial record
127 SHAREHOLDER INFORMATION*
M&S IS ONE OF THE
UK’S LEADING RETAILERS, WITH
1,382 STORES WORLDWIDE.
WE ARE COMMITTED TO
DELIVERING SUSTAINABLE VALUE
FOR OUR STAKEHOLDERS AND
MAKING EVERY MOMENT SPECIAL
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
Shareholder information forms part of the
Directors’ Report.
INTRODUCTION