The Committee has adopted the principles of good governance as set out in the UK Corporate Governance Code. The report has been prepared on behalf of the Board by the Remuneration Committee. The Committee has adopted the principles of good governance as set out in the UK Corporate Governance Code. The report has been prepared in accordance with the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 and satisfies the requirements of the Listing Rules of the Financial Services Authority. Part A of the report, which is not subject to audit, sets out the Company’s remuneration policy. Part B, which has been audited, provides details of the remuneration, pensions and share incentives of the directors for the year ended 31 August 2011. Shareholders will be asked to approve the report at the Annual General Meeting on 27 January 2012.

Click here to download a copy of the Remuneration Report 2011(pdf)