Corporate governance

Directors' report on corporate governance

Tesco PLC recognises that good governance helps the business to deliver strategy, generate shareholder value and safeguard shareholders’ long-term interests, and we are committed to the highest standards of corporate governance. The Board considers that Tesco PLC complied in all respects with the Combined Code Principles of Corporate Governance and Code of Best Practice for the year ended 23 February 2008.

Full details of our latest Corporate Governance report can be found in the Annual Report and Financial Statements

• Board composition & independence
• Board responsibilities
• Board process
• Internal control & risk management
• Relationships with stakeholders
• Pension funds
• Compliance