The Listing Rules require a company to include in its Annual Report and Accounts a statement of how it has applied the main and supporting principles set out in the 2008 Combined Code (the Code). The Listing Rules also require a company to include a statement as to whether or not it has complied throughout the accounting period with the Code provisions. A company that has not complied with the Code provisions, or complied with only some of the Code provisions or (in the case of provisions whose requirements are of a continuing nature) complied for only part of an accounting period, must specify the Code provisions with which it has not complied, and (where relevant) for what part of the period such non-compliance continued, and give reasons for such non-compliance.
Statement of compliance
The Board considers that it has complied with the Code throughout the year ended 31 December 2010. The Company regularly reviews and revises its procedures, as necessary, to take account of the requirements of the Code.
Diversity statement
Vitec recognises the importance of a fully diverse workforce in the successful delivery of its strategy. The effective use of all the skills and talents of our employees is encouraged and this extends to potential new employees. It is essential that the best person for the job is selected regardless of any discrimination including, but not limited to, grounds of race, gender, religion, age, sexual orientation, physical ability or nationality. Vitec is fully committed to equal opportunity where talent is recognised. The Board will keep under regular review the issue of diversity including at board, senior management level and throughout the entire workforce, taking into account amongst other things Lord Davies’ review Women on Boards and will report upon this issue within its Corporate Governance statement annually in its Annual Report.