Our Board of Directors recognise that good corporate governance is essential to running a successful company, and they are committed to ensuring that high standards are maintained to solidly underpin the management of our business affairs.
The Corporate Governance report for the year ended 31 March 2012 can be found on pages 43-54 of our Annual Report and Accounts 2012. The Directors consider that we comply with all the provisions of Section 1 of the Combined Code on Corporate Governance published in July 2003 by the Financial Reporting Council.
Our Code of Conduct describes the principles, policies and procedures we have developed to promote understanding of, and adherence to, the ethical behaviours that we expect of all employees.
The Davies Report on Women on Boards
In his report, Lord Davies recommended that all Chairmen of FTSE 350 companies should set out the percentage of women they aim to have on their Boards in 2013 and 2015. FTSE 100 Boards should aim for a minimum of 25% female representation by 2015 and it is expected that many will achieve a higher figure. Chairs were asked to announce their aspirational goals within the next six months (by September 2011).
At the AGM that took place on 20 July 2011, BTG's Chairman issued the following statement:
"We will continue to consider our needs in terms of Board composition as the Company continues to grow. Having regard to gender diversity, we already meet the target recommended by Lord Davies’ report, albeit for FTSE100 companies, of 25% of Board members being women. This will remain a consideration to ensure that we can benefit from an appropriately diverse board."
Committee Terms of Reference and Articles of Association
The terms of reference for the Audit, Nominations and Remuneration Committees and Articles of Association are available by following the links below:
Articles of Association
Download document (PDF - 266KB)
Our Board of Directors is responsible for our company's corporate governance and is ultimately accountable for our activities, strategy and performance.