S&N Slips Up On Best Practice Standards Brewer Fails to Comply with Governance Code Demands

The HeraldMarch 25, 2005

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Summary


BREWING group Scottish & Newcastle has admitted failing on three counts to comply with the City's Combined Code corporate governance guidelines but nevertheless pledged its commitment to high standards.

The Edinburgh-based company's annual report, published yesterday, confirmed that its roster of independent nonexecutive board directors is in the minority and revealed that the composition of the nominations and audit committees is also out of kilter.

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S&N Slips Up On Best Practice Standards Brewer Fails to Comply with Governance Code Demands

S&N, which owns beer brands Foster's, John Smith's and Kronenbourg 1664, maintained it is taking steps to move into line with corporate governance best pract...

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