INDEX
Board’s statement on internal control During the year, the Board received the following assurance about our system of internal control:
• Self-assessment confirming our compliance with the Code of Governance
• Chief Executive’s annual report on internal control
• Self-assessment confirming our compliance with the Regulatory Standards
• Audit and Risk Committee’s annual report on its work and opinion on internal control • Internal auditor’s annual report on its work
The Board confirms that there are currently no significant control weaknesses, and that our established and sound system of internal controls has operated satisfactorily throughout the year.
Directors’ Indemnities Directors and officers liability insurance cover has been arranged for all directors and officers to provide indemnity for the cost of claims of alleged mismanagement of the organisation. Our Rules indemnify each of the directors of the company and/
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2020-21 ANNUAL REVIEW AND FINANCIAL STATEMENTS
or its subsidiaries and the directors and officers liability insurance provides reimbursement to the organisation in such circumstances. The indemnity was in force during the 2020/21 financial year and remains in force for all our current and past directors.
