JUST GROUP PLC Annual Report and Accounts 2021
DIRECTORS’ REPORT CONTINUED
Further information regarding colleague engagement and how the Directors have engaged with colleagues, including the impact on decision making, is included in the Strategic Report on page 30. Employee diversity We have increased gender diversity at senior levels (global grade 14+, which includes approximately 10% of the most senior employees) by three percentage points from 24% to 27%. We are on track to achieve the “33 by 23” target in line with our pledge as a signatory to the Women in Finance Charter that 33% of our senior leaders will be female by the end of 2023.
ENVIRONMENT AND EMISSIONS Information on the Group’s greenhouse gas emissions is set out in the Sustainability and the environment report on pages 18 to 19.
OTHER DISCLOSURES Change of control provisions
There are various agreements that take effect, alter or terminate upon a change of control of the Company, such as commercial contracts, bank loan agreements, property lease arrangements and employee share plans. In the context of the Group as a whole, none of these are deemed to be significant in terms of their potential impact. All the reinsurance treaties previously disclosed, which could have been terminated by the Company on a change of control, have been recaptured. Financial instruments Derivatives are used to manage the Group’s capital position which entails a surplus of long dated fixed interest assets when liabilities are measured on a realistic basis. Details of these derivatives are contained in note 28 to the financial statements. Disclosure with respect to financial risk is included on pages 60 to 63 of the Strategic Report and in note 33 to the financial statements. Political donations No political donations were made, or political expenditure incurred, by the Company and its subsidiaries during the year (2020: £0). POST BALANCE SHEET EVENTS Details of post-balance sheet events are set out in note 38 to the financial statements. The Directors’ Report has been approved by the Board and is signed on its behalf by:
Female % 12.50
Male %
Female
Male
Total
Group Executive Committee members Senior management 1 (global grade 14-16) All other employees (global grade 1-13)
1
7
8
87.50
32
81
113
28.32
71.68
434
482
916
47.38
52.62
Grand total
467
570
1,037
45.03
54.97
1 Of these 113 senior managers, 41 directly report to members of the Group Executive Committee, and of these, eight (19.5%) are women.
Further information on colleagues, culture and diversity is given on page 30.
AUDITOR Disclosure of information to the auditor
Each Director of the Company at the date of approval of this Directors’ Report has confirmed that, so far as he or she is aware, there is no relevant audit information of which the Company’s external auditor is unaware. Each Director has taken all the steps that he or she ought to have taken as a Director in order to make himself or herself aware of any relevant audit information and to establish that the Company’s external auditor is aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of Section 418 of the Companies Act 2006. Auditor appointment PwC has expressed its willingness to continue in office as the external auditor. A resolution to reappoint PwC will be proposed at the forthcoming AGM. An assessment of the effectiveness and recommendation for reappointing PwC in the Group Audit Committee Report can be found on page 87.
SIMON WATSON Group Company Secretary 9 March 2022
112
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