REG - Hill & Smith Hdgs. - Annual Report and Notice of AGM <Origin Href="QuoteRef">HILS.L</Origin> - Part 2

Hill & SmithAnnouncement

10/04/2015 07:13

- Part 2: For the preceding part double click  ID:nRSJ7871Ja 

                                                                                                                                                                                                                                                                provided in respect to the administration of trade with both routine and less routine countries and territories.                                  
                                                                                                                                                              A violation of health, safety and environmental laws and regulations or the impact of health, safety and environmental accidents and incidents affects employees, communities and operations and impacts Group reputation and financial performance.                                                                                                                                                                                                                                   -     Robust health and safety policies and procedures are deployed.-     Use of the health and safety cloud monitoring and                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     reporting framework.-     Retention of an external health, safety and environmental consultant.-     Open relationship with                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     regulatory bodies.-     Health and safety committee monitoring.-     A culture of zero tolerance in respect of health and safety                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     violations is promoted by the Board.                                                                                                              
                                                                                                                                                              Were any member of the Group to commit a violation of Anti-Bribery & Corruption laws, (including breach by a commercial intermediary appointed by the Group, such as an agent or distributor), the resultant consequences could include fines, adverse publicity, claims from customers, loss of management time and personal consequences for those found to be in violation of the same, ultimately impacting Group financial performance and conformance with its strategic plans.  -     The Group Code of Business Conduct requires that the Group apply the Group's Anti-Bribery & Corruption Policy and                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     expressly prohibits improper payments in all business dealings, in every country around the world.-     The Group Gifts and                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Entertainment policy was updated during the year. -     Rolling programme of online anti-bribery and corruption training and                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     testing undertaken by new employees.-     A commercial intermediaries protocol was developed and deployed in the context of the                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     appointment of third party representatives e.g. agents.                                                                                           
                                                                                                                                                              Risk and potential                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Mitigation                                                                                                                      Link to strategy  
                                                                                                                                                              Impact                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     -     The Group has a whistleblowing hotline and email to allow employees to raise concerns in confidence, or anonymity if                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     preferred.-     A direct reporting relationship between the Group Risk & Compliance Counsel and the Chief Executive and Audit                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Committee emphasises the commitment to further strengthening the Group's compliance culture.                                                      
 
 
Board confirmation of principal risks and uncertainties 
 
The Board has overall responsibility for the Group's risk management programme
including implementing and monitoring: 
 
-     Operational, financial and compliance internal controls; 
 
-     Ensuring that the current management process remains a suitable means of
establishing the correct risk culture; and 
 
-     Ensuring that the Group's risk profile is managed and controlled. 
 
The principal risks and uncertainties facing the Group are set out in the
table on pages 17 to 21 and include detail as to how those risks are being
effectively managed to accord with the Group's risk appetite, as established
by the Board. 
 
Appendix B - Directors Responsibilities Statement pursuant to Disclosure and
Transparency Rule 4 
 
The following statement is extracted from page 75 of the 2014 Annual Report
and is repeated here for the purposes of compliance with DTR 6.3.5. This
statement relates solely to the 2014 Annual Report and is not connected to the
extracted information set out in this announcement or the Preliminary
Announcement. 
 
We confirm that to the best of our knowledge: 
 
-     The Financial Statements, prepared in accordance with the applicable set
of accounting standards, give a true and fair view of the assets, liabilities,
financial position and profit or loss of the Company and the undertakings
included in the consolidation taken as a whole; and 
 
-     The Strategic Report includes a fair review of the development and
performance of the business and the position of the issuer and the
undertakings included in the consolidation taken as a whole, together with a
description of the principal risks and uncertainties they face. 
 
We consider the Annual Report and Accounts, taken as a whole, is fair,
balanced and understandable and provides the information necessary for
shareholders to assess the Group's position and performance, business model
and strategy. 
 
Appendix C - Related Party Transactions 
 
The key management are considered to be the Board of Directors of Hill & Smith
Holdings PLC, whose remuneration can be seen in the Directors' Remuneration
Report on pages 58 to 71, and in the related party details on page 120 (note
25) of the 2014 Annual Report. 
 
Alex Henderson 
 
Company Secretary 
 
Hill & Smith Holdings PLC 
 
Tel: +44 (0) 121 704 7430 
 
This information is provided by RNS
The company news service from the London Stock Exchange