Corporate governance at Berendsen is treated as a core and vital discipline that complements our desire to continually improve upon the success of the Group on behalf of our shareholders.
Iain Ferguson, Chairman
2016 has been an extremely busy and challenging year for the Group, we are disappointed that the financial result for the year is below expectations following difficult late summer and autumn trading, particularly in the UK businesses. In his overview, our CEO James Drummond, explains both the reasons for the shortfall and also the actions that he and his team are taking to address the legacy challenges identified through implementing the Berendsen Excellence Strategy.
My Board colleagues and I are impressed by the focus and energy which James brings to his role and by the quality and diversity of the Executive Board which he has brought together. The Board has been heavily involved in developing the Group strategy, working closely with James and his senior executive team, and we now look forward to working with them to deliver the benefits of Berendsen Excellence to all of our stakeholders.
In my governance report to you last year, I identified four key areas of focus for the Board in 2016 as:
- Supporting the implementation of the new strategy
- Continuing to develop and maintain best practice standards in corporate governance
- Supporting the further development of talent and succession planning
- Participating and assisting with the review of the Group's advisers
We have made good progress against all of these areas of focus in the year.
Please read my full statement on page 62 in our Annual Report 2016.