RBS 2008 Annual Report Download - page 171

RBS Group Annual Report and Accounts 2008170
Statement of directors’ responsibilities
The directors are required by Article 4 of the IAS Regulation (European
Commission Regulation No 1606/2002) to prepare Group accounts, and
as permitted by the Companies Act 1985 have elected to prepare
company accounts, for each financial year in accordance with
International Financial Reporting Standards as adopted by the
European Union. They are responsible for preparing accounts that
present fairly the financial position, financial performance and cash
flows of the Group and the company. In preparing those accounts, the
directors are required to:
•select suitable accounting policies and then apply them consistently;
•make judgements and estimates that are reasonable and prudent;
and
•state whether applicable accounting standards have been followed,
subject to any material departures disclosed and explained in the
accounts.
The directors are responsible for keeping proper accounting records
which disclose with reasonable accuracy at any time the financial
position of the Group and to enable them to ensure that the Annual
Report and Accounts complies with the Companies Act 1985. They are
also responsible for safeguarding the assets of the Group and hence
for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
By order of the Board
Miller McLean
Secretary
25 February 2009
We, the directors listed below, confirm that to the best of our
knowledge:
•the financial statements, prepared in accordance with International
Financial Reporting Standards, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the company and the
undertakings included in the consolidation taken as a whole; and
•the Business review, which is incorporated into the Directors’ 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.
By order of the Board
Philip Hampton Stephen Hester Guy Whittaker
Chairman Group Chief Executive Group Finance Director
25 February 2009
Board of directors
Chairman Executive directors Non-executive directors
Philip Hampton Stephen Hester Colin Buchan
Gordon Pell Archie Hunter
Guy Whittaker Joe MacHale
John McFarlane
Arthur ‘Art’ Ryan