Our aim is to achieve business objectives in a responsible manner
We are committed to good corporate governance and to achieving our business objectives in a manner which is responsible and consistent with our beliefs in honesty, transparency and accountability. We regard corporate governance not simply as an exercise in compliance, but as a key element underpinning the sustainable, long-term growth of our business.
These principles are reflected in our Standards of Business Conduct, which demonstrate our commitment to good corporate behaviour. They have been in place for many years, and continue to be kept under review in order to ensure that they remain at the forefront of best business practice. Every Group company and every employee worldwide is expected to live up to them.
In addition, the principles set out within our Statement of Business Principles are designed to help meet the expectations placed on us by our various stakeholders, and they form the basis on which we expect our business to be run in terms of responsibility.
The principal governance rules applying to UK companies listed on the London Stock Exchange are contained in the UK Corporate Governance Code, which can be found on the Financial Reporting Council's website.
As required by the Code, the Corporate Governance Statement in our Annual Report describes how we apply its Principles and provides our formal report on compliance with its Provisions.
Our voluntary report on compliance with the UK Corporate Governance Code
In the interests of further transparency, we have prepared a report which summarises our approach on corporate governance by reference to each Principle and Provision of the Combined Code. It also addresses the Company's practices by reference to the relevant sections of the new UK Corporate Governance Code.
Report on compliance with the UK Corporate Governance Code - April 2013 (651 kb)
Our voluntary statement on UK and US corporate governance
British American Tobacco p.l.c. (the ‘Company’) has unlisted trading privileges for its American Depositary Receipts (ADRs) on NYSE MKT. None of its securities are listed on any United States securities exchange or registered pursuant to the securities laws of the United States.
As a result, the Company is subject to neither the NYSE MKT listing standards nor the corporate governance rules under the Sarbanes-Oxley Act of 2002.
Nevertheless, the Board has chosen, in the interests of good governance, to make a voluntary statement explaining the principal differences and common areas between the Company’s corporate governance practices and those that would be required if the Company were subject to those rules.
Voluntary Statement on UK and US Corporate Governance - April 2013 (270 kb)
Our contact information
4 Temple Place
London WC2R 2PG
Tel: +44 (0) 20 7845 1000
Fax: +44 (0) 20 7240 0555