FAQs Business compliance
Questions and answers
What procedures do you have in place to ensure there are no conflicts of interest between ABF, Wittington and Wittington's other interest?
The Listing Rules of the UK Listing Authority regulate dealings between related parties. We take care to ensure that dealings between ABF, Wittington and Fortnum and Mason are conducted in compliance with those requirements.
Back to top
What processes do you have in place to ensure competition law compliance?
We have an extensive competition law compliance programme in place to ensure that our operating businesses are aware of developments in the law in this area and regular reporting processes in place to monitor ongoing compliance with the relevant legal requirements.
Back to top
Are all your statutory registers maintained in accordance the requirements of the Companies Act?
We aim to ensure compliance with the law in all our areas of business.
Back to top
Do you have adequate board approval processes?
We have established procedures for obtaining board approval. As described in our report and accounts, we have also implemented processes to identify business risks in the light of the recommendations made by the Turnbull Committee.
Back to top
How do you control your investments in real estate?
We have a full time property management team whose responsibility it is to oversee the group's property portfolio. We also have a dedicated legal team to look after our requirements in this area.
Back to top
Are any of the properties occupied by the Group owned by the pension fund?
One office property occupied by the Group is owned by the pension fund. The terms of occupation are determined on an arm's length basis and the pension fund makes use of independent legal advisers.
Back to top
|
