Introduction:500
Corporate governance background 250
To begin with we will provide a brief background on the corporate governance. The system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
British American Tobacco background 250
British American Tobacco plc (informally BAT) is a British multinational tobacco company headquartered in London, United Kingdom. It is the world’s second-largest tobacco company by sales (after Altria Group, the former Philip Morris International). Founded in 1902, our Group of companies traded through the turbulence of the 20th century, including wars, revolutions and nationalizations. The Group was first listed in 1912, and today we are one of the top 10 companies listed on the London Stock Exchange and feature in the Fortune 500.
BAT has a market-leading position in over 50 countries and operations in around 180 countries. We employ more than 55,000 people and, with over 200 brands in our portfolio, we make the cigarette chosen by one in eight of the world’s one billion adult smokers
BAT has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of 6 July 2012 it had a market capitalization of £65.6 billion, the sixth-largest of any company listed on the London Stock Exchange.[
We hold robust market positions in each of our four regions – Americas; Asia-Pacific; Eastern Europe, Middle East and Africa; and Western Europe – and we are leaders in more