Investors - Corporate Governance

Corporate Governance

The Board is firmly committed to high standards of corporate governance. The provisions of the UK Corporate Governance Code, as adopted by the Financial Services Authority, have been applied by the Company.

During the year to 31 December 2010, the Company, as detailed in the Corporate Governance Report and in the Remuneration Report of the 2010 Annual Report and Accounts, complied with the provisions set out in Section 1 of the Combined Code on Corporate Governance (June 2008).

The Company also complies fully with the requirements of the UK Corporate Governance Code (June 2010) which replaces the former Combined Code on Corporate Governance, and which applies to financial years beginning on or after 29 June 2010.

The Davies Review on Women on Boards

The Board of Carillion plc has noted the publication of the Davies Review on Women on Boards in February 2011 and the subsequent consultation being undertaken by the Financial Reporting Council in relation to potential changes to the UK Corporate Governance Code.

Carillion recognises the importance of gender diversity throughout the Group. Currently, one of our eight Board members is female. The Board aims to have a broad range of skills, backgrounds and experience. While we will continue to follow a policy of ensuring that we appoint the best people for the relevant roles, we recognise the benefits of greater diversity and will continue to take account of this when considering any particular appointment.