Airmic is grateful for the support and guidance received from the Institute of Chartered Secretaries and Administrators (ICSA) in providing commentary on the structure of this report and the selection of the examples extracted from company annual report and accounts.
It should be noted that the extracts have been selected as examples of good disclosure practice. The only editing that has been undertaken was to simplify and shorten some extracts, to remove page references and references to specific committees, and/or to make the extract more focused by changing some of the grammar.
The companies that were selected demonstrated better than average reporting practices in the sector they represent. Also, the extracts that have been selected were identified as the best examples of the feature being described. More extracts have been used from some companies compared to others in the same sector. That should not be taken to mean that some companies were considered to be better than other companies in the same sector.
Airmic is a members’ association supporting those responsible for risk management and insurance within their own companies. Its membership includes two thirds of the FTSE 100, as well as many smaller companies. Airmic provides training, networking, lobbying and market information for the benefit of members. It regularly commissions research and its annual conference is the leading risk management event in the UK.
The Institute of Chartered Secretaries and Administrators (ICSA) is the qualifying and membership body for company secretaries and other professionals operating in governance, risk and compliance roles. Our members provide a focal point for trusted and independent advice about the conduct of business. Whether working in the corporate, public or not-for-profit sectors, or in public practice, they are key players with the skills, knowledge and experience to contribute to the success of the organisations within which they operate.
With over 100 years’ experience, the Institute seeks to promote good governance policy, practice and knowledge through our qualification and training, and our high-quality guidance and support. Our thought leadership in areas such as boardroom behaviour, board effectiveness, narrative reporting and stewardship dialogue is helping to redefine the governance landscape and fuel important debates about how best to achieve enhanced board performance. We work closely with government, regulators and other strategic partners, as well as our members, to develop this agenda.