Peachtree 2013 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2013 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 152

  • 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
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Corporate governance report
Our governance framework
The elements of our governance framework are listed below:
Responsibilities
The Board
The Board is responsible for the overall management of Sage, our
strategy and long-term objectives. It provides leadership to Sage having
regard to the interests of shareholders and other stakeholders.
Audit Committee
The Audit Committee is responsible for assisting the Board in fulfilling
its financial and risk responsibilities. The Audit Committee oversees our
financial reporting, risk management and internal control procedures,
and reviews the work of internal and external audit.
Nomination Committee
The Nomination Committee is responsible for the structure, size and
composition of the Board to ensure it remains appropriate for our needs
and plans for progressive refreshing of the Board. The Nomination
Committee also makes recommendations to the Board on the
membership of its committees.
Remuneration Committee
The Remuneration Committee is responsible for determining the
remuneration of the Chairman, executive directors, the Company
Secretary and senior executives of Sage.
For further information please see pages 63 to 68
Executive Committee
The Executive Committee is chaired by the Chief Executive and
is responsible for overseeing our operations in the regions and also
for overseeing our Group-wide functional areas.
For further information please see page 61
Compliance with the UK Corporate Governance Code
Throughout the financial year ended 30 September 2013 and to the
date of this report, we have complied with the provisions set out in the
UK Corporate Governance Code 2012. The Code is publicly available
at the website of the FRC (www.frc.org.uk). This corporate governance
section of the Annual Report & Accounts describes how we have
applied the main principles of the Code.
A
u
d
i
t
R
e
m
u
n
e
r
a
t
i
o
n
N
o
m
i
n
a
t
i
o
n
C
o
m
m
i
t
t
e
e
C
o
m
m
i
t
t
e
e
C
o
m
m
i
t
t
e
e
Board
E
x
e
c
u
t
i
v
e
C
o
m
m
i
t
t
e
e
C
h
i
e
f
E
x
e
c
u
t
i
v
e
62 The Sage Group plc | Annual Report & Accounts 2013