Corporate Responsibility

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Our Corporate Responsibility programmes continue to be grounded in research, are risk based and strive to evidence quantifiable added value to our franchises.

They focus on key non-financial risks which, if crystallised, could have a negative impact on the financial performance and health of our company.

The discipline of corporate responsibility is firmly embedded within our risk management agenda.

Five key areas of non-financial risk

Whilst the key areas of non-financial risk addressed by our Corporate Responsibility programme remain constant, the degree of attention we give each area in terms of analysis, mitigation and reporting very much depends on the overall market and economic contexts and the acuteness of the risks arising.

Our focus over the past year has therefore shifted more towards leadership and governance, our people and our marketplace - key areas in terms of reputational impact.

We remain committed to environmental matters, the communities in which our people live and work and our charitable activities. We will continue to invest appropriately in these areas because it is the right thing to do and to evidence good corporate citizenship to the extent that this aligns with the expectations and interests of our stakeholders and in particular our people.

1 Leadership and governance

Our Corporate Responsibility programmes have become further embedded into the fabric of our businesses and processes in as much as they are now, to a high degree, a key element of 'business as usual'. For example, Corporate Responsibility is represented on the Risk Assurance Committee which has direct oversight of all aspects of the risk management of the Group.

Our Corporate Responsibility policies, reports, and data are available to all employees of the Group as well as to the public through our internal and external web architecture.

Our Corporate Responsibility programmes, reports, web content and our climate change and related carbon neutrality initiatives continue to be externally accredited by The Virtuous Circle Limited and the results of their findings are made public.

2 Our people

Our ability to continue to attract and retain the most talented people represents our key non-financial risk and is fundamental to the ongoing sustainability of our company.

Understanding our people's expectations of us and being able to continue to deliver to those expectations are important in maintaining their loyalty and commitment.

225th Anniversary employee celebration at the Tower of London

We know from regular engagement with our people at all levels that achieving an appropriate work and life balance, particularly against the current market background, is particularly important.

Our training and leadership development programmes, regular personal performance appraisals and the refinement of our employee share participation schemes are important outcomes of this engagement.

The Corporate Responsibility team has structured a series of regular workshops held both in person and through the use of our enhanced video conferencing facilities which focus on work and life balance, employee and family health and diversity.

So far this year over 400 of our people have attended these seminars which have a enjoyed a 98% + positive rating in the formal post workshop evaluations.

3 Our marketplace

Our marketplace is a term encompassing all interactions with those of our stakeholders with whom we engage as investors in our company and our products.

Man Group considers the main areas in which it can apply its Corporate Responsibility principles of marketplace good governance and ethical conduct to be:

  • Man Group's own investment practices.
  • Due diligence and ongoing monitoring of third party fund managers and other third parties.
  • Transparent dialogue with shareholders and investors in our products.

Ongoing compliance with:

  • All relevant external (i.e. legislative and/or regulatory) requirements, including those relating to anti-money laundering and the fair treatment of investors.
  • The investment guidelines (including investment strategies, restricted investments and other relevant terms) set out in the relevant fund prospectus (or individual customer/investor instructions or 'mandate').
  • Adherence to the Group principles relating to due care towards all those who have an interest in our Group, be it financial or broader society.
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Man Group plc Annual Report and Accounts 2009