Business
Annual Report and AGM Documents
Annual Report and AGM Documents.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 3865B Babcock International Group PLC 16 June 2016 \n\nBabcock International Group PLC ('the Company') - Annual Report and AGM Documents\nCopies of each of the following documents have today been posted or otherwise made available to shareholders and copies have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.:-\n \n1. Annual Report and Accounts for the year ended 31 March 2016\n2. Notice of Annual General Meeting to be held on 21 July 2016\n3. Form of Proxy\n \nCopies of the above documents (excluding the Form of Proxy) are also available on Babcock International Group PLC's website, www.babcockinternational.com.\n \nJack Borrett\nCompany Secretary\nBabcock International Group PLC\n16 June 2016\nCompliance with Disclosure and Transparency Rule 6.3.5 (\"DTR 6.3.5\") - Extract from the 2016 Annual Report and Accounts\nThe information set out below is extracted from the Company's Annual Report and Accounts 2016 (page references are to pages in the Annual Report) and should be read in conjunction with the Company's Full Year Results 2016 announcement issued on 25 May 2016. Both documents can be found at www.babcockinternational.com and together constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. This material is not a substitute for reading the Company's Annual Report 2016 in full.\n \n \nPrincipal risks and management controls\nThe following report is extracted from pages 64 to 74 of the Annual Report and Accounts. \nHow Babcock manages risk\nBabcock has an established formal process that aims to identify and evaluate risks and how they are to be managed. A range of internal control processes is in place as part of the risk management regime. The Board, principally through the Audit and Risk Committee, keeps under review the risks facing the Group, including the appropriateness of the level of risk the Group may accept in order to achieve its strategic objectives. The Board ensures that it controls the risk appetite of the Group through its delegated authorities that impose strict controls on the Group - for example, all acquisitions ...