RBS 2012 Annual Report Download - page 310

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Corporate governance continued
Communication with the company's largest institutional shareholders is
undertaken as part of the Investor Relations programme:
x the Group Chief Executive and Group Finance Director meet
regularly with UKFI, the organisation set up to manage the
Government’s investments in financial institutions, to discuss the
strategy and financial performance of the Group. The Group Chief
Executive and Group Finance Director also undertake an extensive
annual programme of meetings with the company’s largest
institutional shareholders.
x the Chairman independently meets with the Group’s largest
institutional shareholders annually to hear their feedback on
management, strategy, business performance and corporate
governance. Additionally, the Chairman, Senior Independent
Director and chairs of the Board committees met with the
governance representatives of a number of institutional
shareholders during the year.
x the Senior Independent Director is available if any shareholder has
concerns that they feel are not being addressed through the normal
channels.
x the Chair of the Group Performance and Remuneration Committee
consults extensively with institutional shareholders in respect of the
Group’s remuneration policy.
Throughout the year, the Chairman, Group Chief Executive, Group
Finance Director and Chair of the Group Performance and Remuneration
Committee communicate shareholder feedback to the Board and the
directors receive independent analyst notes and reports reviewing share
price movements and the Group’s performance against the sector.
Detailed market and shareholder feedback is also provided to the Board
after major public announcements such as results announcements. The
arrangements used to ensure that directors develop an understanding of
the views of major shareholders and other stakeholders are considered
as part of the annual Board evaluation.
The Group’s Investor Relations programme also includes
communications aimed specifically at its fixed income (debt) investors.
The Group Finance Director and/or Group Treasurer give regular
presentations to fixed income investors to discuss strategy and financial
performance. Further information is available on the Group’s website
www.rbs.com/ir