REG - Johnson Matthey PLC - Annual Financial Report <Origin Href="QuoteRef">JMAT.L</Origin> - Part 3

Johnson MattheyAnnouncement

16/06/2016 09:55

- Part 3: For the preceding part double click  ID:nRSP3886Bb 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 a lack of knowledge and awareness or through a deliberate breach could                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 lead to reputational damage, removal of licence to operate, legal action,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 impacts on staff morale and loss of business.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 Business transitionFailure to manage major programmes and transition from 
 a big small company to a small big company.                              
 Risk and impactFailure to manage major programmes to upgrade our business Mitigation·      Communication and employee engagement plans are in place for all programmes with support from the GMC as appropriate.·      'Get fit' process adopted across the business ahead of planned roll out of new business systems to ensure that sites are prepared for necessary change.·      Clear business impact assessments prepared ahead of going live with clear business targets.·      Programme management and governance activities with key performance indicators (KPIs) and red, amber, green (RAG) review reports.                                                                                                                                                                                                                                                                               Changes since 2015 annual reportNo change. Risk ratingMedium                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 systems and successfully transition from a big small company to a small                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 big company through appropriate standardisation and sharing of resources                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 / activities.  Potential impacts associated with this risk include the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 organisation failing to adapt to new ways of working and ineffective                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 change management could lead to anticipated efficiencies and cost savings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 not being realised. Further to this, the group's culture could be                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 adversely affected.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 
 
Responsibility Statement of the Directors in Respect of the Annual Report and
Accounts 
 
Each of the directors as at the date of the Annual Report and Accounts, whose
names and functions are set out below: 
 
•              Tim Stevenson, Chairman 
 
•              Robert MacLeod, Chief Executive 
 
•              Den Jones, Group Finance Director 
 
•              John Walker, Executive Director 
 
•              Odile Desforges, Non-Executive Director 
 
•              Alan Ferguson, Non-Executive Director 
 
•              Colin Matthews, Non-Executive Director 
 
•              Chris Mottershead, Non-Executive Director 
 
•              Dorothy Thompson, Non-Executive Director 
 
states that to the best of his or her knowledge: 
 
•              the group and parent company accounts, 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 management report (which comprises the Strategic Report and
the Directors' Report) includes a fair review of the development and
performance of the business and the position of the company and the
undertakings included in the consolidation taken as a whole, together with a
description of the principal risks and uncertainties that they face. 
 
This responsibility statement was approved by the board on 1st June 2016 and
is signed on its behalf by Tim Stevenson, Chairman. 
 
This information is provided by RNS
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