JUST GROUP PLC Annual Report and Accounts 2019
48
Section 172 Statement
The Board has set a clear purpose and strategy for the Group. We help people achieve a better later life through the advice, products and services we offer and our purpose runs through the company culture and everything we do
how the directors make decisions
which we operate. We are also aware that the needs of our stakeholders may differ in some circumstances. Effective engagement with stakeholders is important for the Board and helps to promote the interests of stakeholders into boardroom discussions and decisions. This will ensure we continue to provide services and products our customers need, remain a great place to work for all of our colleagues, work effectively with our regulators, business partners, suppliers and other counterparties and ultimately deliver enhanced long-term shareholder value.
LONG TERM EFFECT OF OUR DECISIONS We focus on all of our stakeholders when developing and executing our strategy. We are adapting our business model to address the changing regulatory environment. The Group is committed to delivering capital self-sufficiency, while in parallel developing other strategic and business options to maximise shareholder value. Achieving capital self-sufficiency demonstrates the on-going rigour of our capital management and should deliver a sustainable business enabling us to generate value for shareholders and contribute to wider society. This is why the Board has instigated a less capital intensive strategy. We seek to achieve our objectives by taking into account the needs of our stakeholders and the impact our business may have on them. The Board is aware that its decisions may impact on one or more groups of stakeholders, the environment and the communities in
DIRECTORS’ STATEMENT IN PERFORMANCE OF THEIR DUTIES UNDER SECTION 172(1) The Directors consider, both individually and collectively, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the Companies Act 2006) in the decisions taken during the year.
More information about our key stakeholders, how we engage with them, what matters to them and how we are addressing their concerns and needs is included in our Relationships with Stakeholders report on page 22.
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