Directors’ duty under section 172 of Companies Act 2006 The Board, in line with its duties under section 172 of the Companies Act 2006, must act in a way that gives due regard, among other matters, to: the likely consequences of any decisions in the long term; the interests of the company’s employees; the need to foster the company’s business relationships with suppliers, customers and others; the impact of the company’s operations on the community and environment; the desirability of the company maintaining a reputation for high standards of business conduct; and the need to act fairly between members of the company.
 
Further information about how these duties have been applied can be found throughout the FY 2020/21 Annual Report, as set out in the following table.

Consequences of decisions in the long term Chief executive’s review > strategy update 8
  Our strategy > sustainable business growth, risk mitigation 14
  Principal risks and uncertainties 35-37
  Going concern and viability statement 38-39
  Board activity FY 2020/21 90
Interests of the company’s employees Our people 20-23
  Our strategy > world-class talent 14
Company’s business relationships with suppliers, customers and others Our end-markets 4
  Our business model > what we do, the value that we create 12-13
  Our strategy > customer value 14
Impact of the company’s operations on the community and environment Our business model > what we do, the value that we create 12-13
  Our strategy > operational excellence Innovation 14
  Innovation 17-19
  Sustainability and ESG 24-33
Maintaining a reputation for high standards of business conduct Our business model > what we do, the value that we create 12-13
Act fairly between members of the company Our shared values 5
  Our business model > what we do, the value that we create 12-13
  Engaging with stakeholders 88-89
     

Further details on how the Company and Board engage with stakeholders are found on pages 88 to 89. Details of key decisions taken by the Board and how stakeholders were considered are provided on page 90.