Accountability and openness
The BoardOur Board comprises of two executive directors and seven non-executive directors. Six out of the seven non-executive directors are considered independent by the Company. Our Chairman, Bob Scott was independent upon his appointment. Our Senior Independent Director is Lord Powell of Bayswater.
Our executive directors are John Condron (Chief Executive Officer) and John Davis (Chief Financial Officer).
For more information about our Board and to view our Articles of Association go to the Management Team page.
Operation of the Board
Our Board has overall responsibility for leading and controlling Yell and is accountable to shareholders for financial and operational performance, and for the open and transparent communication of information relevant to this performance.
Our Board recognises the division in responsibility between our Chairman (who ensures the effective working of the Board) and our Chief Executive Officer (who runs our Company). The Board has agreed a schedule of matters reserved for its decision which includes the approval of financial statements, major acquisitions, Group strategy, and governance policies. The written schedule also sets out the extent of the various delegated authorities granted by the Board.
More information on the operation of our Board can be found in the 2008 Annual and Corporate Responsibility Reports. Go to the Annual & Interim reports page or go to the CR Reports & presentations page.
Relations with shareholders
Our Company is committed to ongoing communication with its shareholders. This is achieved through:
- Regular dialogue and presentations throughout the year to the institutional investors, such as our Investors Forum which took place on 7 November 2006 in the US. Investor presentations were also made in respect of the acquisition of Yell Publicidad. For more information go to the Investor presentations page.
- Consultation with our major shareholders and the ABI following a review in 2006, of the remuneration policy and structures for our executive directors
- The issuing of quarterly press releases and half yearly reports. For more information go to the Corporate & Financial announcements page.
- Announcements made through the London Stock Exchange, where our shares are listed. For more information go to the RNS page or the Corporate & Financial announcements page.
- Our Annual General Meeting, which gives all our shareholders the opportunity to hear at first hand from our Board of Directors and to raise questions. All proposed resolutions are put to a poll vote. Shareholders who might not be able to attend the meeting are encouraged to vote by proxy. For more information go to the Annual & Interim reports page .
- Other investor information can be found in the Investor section. Go to the Investor section home page.
