Directors’ Report
The directors present their report and the financial statements
Directors
for the year ended 31 December 2008.
The following served as directors in 2008:
Activities
The MDU’s activities include the discretionary provision, in
Board Member No. of Meetings Attended
accordance with the Memorandum and Articles of Association,
of indemnity and advisory services for its members.
C C Evans
1 3 4
5
Through MDU Services Ltd, the group provides paying members
with insurance policies for claims of clinical negligence. These P R Williams
1 2 3 4
2
are underwritten by SCOR Insurance (UK) Ltd and International
Insurance Company of Hannover Ltd in the UK and by Zurich
P Armstrong 5
Insurance Ireland Ltd in Ireland. MDU Services Ltd, a wholly
owned subsidiary of the MDU, is authorised and regulated by
K A V Cartwright
1
5
the FSA as an insurance intermediary.
H E Clarke
1 2 3 4
5
The MDU represents members’ medico-legal interests by
informing and influencing the government and other bodies
M M Gallivan
3 4
5
on matters relating to healthcare law and the regulatory
R J C Pearson
1 2 3 4
5
environment with a view to ensuring that any changes in
these areas are equitable and fair.
K F Richardson
1 2 3
5
Review of business
M S Richmond 5
Members’ attention is drawn to the Report of the Chairman P Riordan-Eva 5
and the Operating and Financial Review, in which the salient
features of the business of the year are highlighted. The
P D Robinson
2 3
5
financial statements on pages 47 to 65, set out the financial
results of the year’s activities.
M T Saunders
1 3 4
5
The MDU continues to set subscriptions which the directors, on
C M Tomkins
3 4
4
the advice of the consulting actuaries, consider sufficient for
insurance premiums, overheads and foreseeable discretionary 1
Member of the Remuneration Committee
indemnity payments and legal costs. 2
Member of the Audit Committee
3
Director of MDU Services Ltd
Disabled employees
4
Member of the Investments Committee of MDU Investments Ltd
The MDU group gives full consideration to applications for
employment from disabled people where the requirements of
In accordance with the Articles of Association, the following
the job can be adequately fulfilled by a disabled person.
directors are due to retire by rotation and, being eligible, offer
themselves for re-election at the next Annual General Meeting:
Where existing employees become disabled, it is the MDU’s
policy wherever practicable to provide continuing employment
• P R Williams
under normal terms and conditions and to provide training
and career development and promotion where possible.
• H E Clarke
• P D Robinson
P Armstrong is due to retire by rotation and does not offer
himself for re-election. As stated in the Chairman’s report,
M T Saunders will retire as Chief Executive and consequently as
a director of the MDU and MDU Services Ltd at the end of April
2009.
Corporate Governance
Although the MDU is not a listed company, the Board is
committed to the highest standards of corporate governance
and seeks to apply the principles set out in the Combined
Code, to the extent appropriate for the MDU. Set out below is
a summary of the MDU’s approach to corporate governance.
The participation of MDU members on the Board is a particular
feature and strength of the governance arrangements.
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