Corporate governance statement
We are committed to operating in accordance with best practice in business integrity and ethics and maintaining the highest standards of financial reporting and corporate governance. The directors consider that BT has, throughout the year, complied with the provisions set out in Section 1 of the 2008 Combined Code on Corporate Governance (the ‘Code’) and applied the main principles of the Code.
The Code was replaced in May 2010 by the UK Corporate Governance Code (the ‘New Code’) for financial years beginning on or after 29 June 2010. It is the intention of the directors to comply with the New Code and during 2011 we have sought to implement its provisions early as appropriate.