Marks and Spencer Financial Principles

3125 Words13 Pages
Introdruction Plc (M&S) is an international retailer which is currently operating in 34 countries and has established over 600 UK stores as well as over 219 franchise stores. M&S sell high quality, great value clothing and home products as well as outstanding quality food. Around 21 million customers visit our stores each week and we have 78,000 employees across the UK and 42 territories globally .The company trades in clothing, home furnishings and foods. The company’s corporate objective is to increase long-term shareholder wealth. The aim of the report is to evaluate the financial management policies and practices of Marks and Spencer plc (M&S). Hermes principles will be used to identify the main areas of the company’s…show more content…
Communication The very 1st principle Hermes was on communication which states that ‘companies should seek an honest ,open and ongoing dialogue with shareholders .they should clearly communicate the plans they are pursuing and the likely financial and wider consequences of those plans .ideally goals ,plans and progress should be discussed in the annual report and account’. Inlight of the principle stated above for the past five years marks and spencer plc has been clear about its goals and the financial, strategic and ethical discipline by which it has being managed.This practice has created a the best chance of being evaluated properly ,and gaining the full benefit of access to a lower cost capital markets and delivery value to it owners.Marks and Spencer plc has being in the continius process of providing information and correcting misinformation to ensure the fullest possible understanding of the company by the markets. Good communications We aim to create an environment where communications between everyone are open and honest, in all areas and at every level. True involvement in business objectives depends on good communication between all employees. We truly believe this is very important so that information and ideas can be freely and easily exchanged. Regular meetings, both formal and informal, may be used to discuss Company information
Open Document