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The Board supports the ‘comply or explain’ approach set out in the UK Corporate Governance Code, which forms part of the Board’s governance processes.

The Board supports the ‘comply or explain’ approach set out in the UK Corporate Governance Code, which forms part of the Board’s governance processes. The Code is issued by the Financial Reporting Council and is available on the FRC’s website.

This 2018 Annual Report and Accounts has been prepared against the version of the Code published in 2016, which is applicable for William Hill’s 2018 financial year. The Board can report full compliance with the Code during the 2018 financial year.

During 2018, the FRC released a revised version of the Code, which will apply to financial years commencing after 1 January 2019. The Board has reviewed the key changes arising from the revised version of the UK Corporate Governance Code and has considered actions to be taken in response. The Board has been well informed of the new disclosure obligations under the new Code including on stakeholder engagement. A report against compliance with the 2018 Code will be made in the 2019 Annual Report.