Peachtree 2012 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2012 Peachtree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

Statement of compliance
Throughout the year ended 30 September 2012, the Company has
complied with the provisions of the UK Corporate Governance Code
(“the Code”) published in May 2010.
Corporate governance
Introduction
Good corporate governance is about helping to run the Company well.
It involves ensuring that an effective internal framework of systems and controls is put
in place which clearly denes authority and accountability and which promotes success
whilst permitting the management of risk to appropriate levels. It involves the exercise of
judgement as to the denitions of success, the appropriateness of risk and the levels of
delegation to the executive. The exercise of this judgement is the responsibility of the
Board and involves consideration of processes and assumptions as well as outcomes.
It also involves the creation of a sensitive interface for the views of shareholders and other
stakeholders to be given appropriate consideration when reaching these judgements.
The Financial Services Authority requires UK listed companies to explain how they have
applied the main principles set out in the UK Corporate Governance Code (“the Code”)
and whether they have complied with the principles set out within the Code throughout the
nancial year. This report, therefore, sets out how we have applied the Code and conrms
our compliance with it throughout the year.
I trust you will nd the report informative and helpful.
Donald Brydon, CBE, Chairman
Dear fellow shareholder
49
The Sage Group plc | Annual Report & Accounts 2012
Financial statements Governance Performance Overview