Directors’ report: Other information
Corporate governance statement
Full details of the Company’s approach to corporate governance and the compliance statement are set out in the corporate governance statement which forms part of this report.
Directors’ responsibilities in relation to the financial statements
This statement, which should be read in conjunction with the independent auditors’ report, is made to distinguish for shareholders the respective responsibilities of the directors and the auditors in relation to the financial statements.
The directors are required to prepare the financial statements in accordance with International Financial Reporting Standards, as adopted by the EU. They are also required to ensure that the financial statements comply with the Companies Act 1985 and, as regards the Group financial statements, Article 4 of the IAS regulation. Such financial statements should present fairly for each financial year the financial position, financial performance and cash flows of the Company and the Group.
The directors have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and the Group and to prevent and detect material fraud and other irregularities.
The Annual Report and Financial Statements 2008 will be published as a printed report and on the Company’s website. The maintenance and integrity of the International Personal Finance website is the responsibility of the directors and the work carried out by the auditors does not involve consideration of these matters.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Responsibility statement
This statement is given pursuant to Rule 4 of the Disclosure and Transparency Rules.
It is given by each of the directors: namely, Christopher Rodrigues, Chairman; John Harnett, Chief Executive Officer; David Broadbent, Finance Director; Charles Gregson, non-executive director; Tony Hales, non-executive director; Ray Miles, non-executive director; and Nick Page, non-executive director.
To the best of each director’s knowledge:
a) the financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit of the Company and the undertakings included in the consolidation taken as a whole; and
b) the management report contained in this report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.
Disclosure of information to the auditors
In the case of each person who is a director at the date of this report, it is confirmed that, so far as the director is aware, there is no relevant audit information of which the Company’s auditors are unaware; and he has taken all the steps that ought to have been taken as a director in order to make himself aware of any relevant audit information and to establish that the Company’s auditors are aware of that information.
Auditors
A resolution to reappoint PricewaterhouseCoopers LLP as auditors to the Company will be proposed at the AGM.
Annual general meeting
The AGM will be held at 10.30 am on Wednesday, 13 May 2009 at International Personal Finance plc, Number Three, Leeds City Office Park, Meadow Lane, Leeds LS11 5BD. The Notice of Meeting, together with an explanation of the items of business, will be contained in the Chairman’s letter to shareholders to be dated 31 March 2009.
Approved by the board on 23 March 2009.
Rosamond Marshall Smith
General Counsel & Company Secretary
23 March 2009