Risk and Control Processes
The BBC has an obligation under its Charter to apply the highest standards of corporate governance. BBC World Service recognises the importance of, and is committed to, applying these standards and voluntarily complies with the 2006 Financial Reporting Council Combined Code (2006 FRC Code) to the extent that it is applicable.
BBC World Service has complied throughout the year ended 31 March 2008 with the 2006 FRC Code except as noted below:
+ those requirements relating to non-executive directors, remuneration and audit committees;
The BBC Executive Board considers that BBC World Service should comply with the 2006 FRC Code in a manner which is common practice for an entity whose parent is complying with it.
See full Article.
Posts
