The directors recognise the value of the Combined Code and endeavour to comply with it, taking into account the size and nature of the Company. Entertainment One believes that doing business responsibly is in the best long term interests of all our stakeholders. Therefore, Entertainment One complies with best practice ethical codes of conduct by promising to:
- observe the laws and regulations of each country in which it operates
- provide safe, secure and healthy working conditions for all employees
- promote equality, judging neither by race, nationality, religion, age, gender, disability, sexual orientation nor political opinion
- treat all stakeholders fairly
- communicate openly and honestly all shareholder and stakeholder information
- require similar commitments from third parties, including suppliers, and those acting directly on the Group's behalf
The Company also monitors economic and social issues that may affect the business in the future, developing strategies to minimise any threat.
Economic Factors
Financial sustainability is a key requisite for all stakeholders. Entertainment One is committed to managing its funding requirements prudently, and has developed strong internal controls to maximise the full financial potential of the Group's future operating performance. The Company actively analyses industry developments and makes every effort to curtail possible risks to its business.
Board Committees
The Board has established an audit committee, a nominations committee, a remuneration committee and an acquisitions committee with formally delegated duties and responsibilities.
The Audit Committee is chaired by Bob Allan and its other members are James Corsellis, Mark Watts and Mark Opzoomer.
The Remuneration Committee is chaired by Clare Copeland and its other members are James Corsellis and Garth Girvan.
The Nominations Committee is chaired by James Corsellis and its other members are Mark Watts and Clare Copeland.
Committees Responsibilities
Audit Committee
The Audit Committee receives and reviews reports from management and the Company’s auditors relating to the annual and interim accounts and the accounting and internal control systems in use throughout the Group.
Remuneration Committee
The Remuneration Committee reviews the scale and structure of the Executive Directors and senior managers’ remuneration and the terms of their service contracts. The remuneration and terms and conditions of appointment for the Non-Executive Directors is set by the Board.
Nominations Committee
The Nominations Committee reviews the size, structure and composition of the Board and identifies and nominate suitable candidates for the approval of the Board to fill vacancies as and when they arise.