Relations with Members
Provision of information to auditors
The MDU uses the Annual Report and Annual General Meeting
In the case of each of the directors who are directors of the
to communicate with members about the business. It values
company at the date when this report is approved:
highly communications with members, and encourages
members to attend the Annual General Meeting. Members of
•so far as they are individually aware, there is no relevant
the Audit, Remuneration and Nomination Committees attend
audit information of which the company’s auditors are
the AGM to respond to any relevant questions if necessary.
unaware; and
The notice for the AGM is sent to members at least 21 days
before the meeting.
•each of the directors has taken all the steps that they ought
to have taken as a director to make themselves aware of
any relevant audit information and to establish that the
Statement of directors’ responsibilities company’s auditors are aware of the information.
The directors are responsible for preparing the annual report
and the financial statements in accordance with applicable law
By order of the directors.
and regulations.
Company law requires the directors to prepare financial
statements for each financial year. Under that law, the
directors have elected to prepare the financial statements in
accordance with United Kingdom Generally Accepted
N J Bowman
Accounting Practice (United Kingdom Accounting Standards
Company Secretary
and applicable law). The financial statements are required to
28 April 2009
give a true and fair view of the state of affairs of the company
and the group and of the profit or loss of the group for that
period.
In preparing these financial statements, the directors are
required to:
•select suitable accounting policies and then apply
them consistently;
•make judgements and estimates that are reasonable
and prudent;
•state whether applicable accounting standards have been
followed, subject to any material departures disclosed and
explained in the financial statements;
•prepare the financial statements on a going concern basis
unless it is inappropriate to presume that the company will
continue in business.
The directors are responsible for keeping proper accounting
records that disclose with reasonable accuracy at any time the
financial position of the company and the group and enable
them to ensure that the financial statements comply 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.
The directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
company's website. Legislation in the United Kingdom
governing the preparation and dissemination of the financial
statements and other information included in annual reports
may differ from legislation in other jurisdictions.
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