ASDA Supermarkets Limited, Schemes and Mind Maps of Marketing

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ASDA Supermarkets Limited

ASDA Supermarkets Limited Section 172 statement The following section serves as the section 172 statement for ASDA Supermarkets Limited, pursuant to the requirements of The Companies (Miscellaneous Reporting) Regulations 2018. Section 172 of the Companies Act 2006 (CA 2006") recognises that whilst companies are run for the benefit of their shareholders, 2 business’ long-term success and reputation are dependent upon mamtaining relationships with stakeholders and an appreciation of the external impact of its activities. The directors of the Company (the “Directors”) are fully aware of their responsibilities to promote the success of the Company in accordance with section 172 of the CA 2006 and are keen to ensure proper reflection on stakeholder engagement and issues at Director level and promote continuous reflection on opportunities for development The Company's principal activity is to charge property rental, relating to properties owned by the Company, to fellow wholly owned subsidiaries of the intermediate parent undertaking, ASDA Group Limited. Accordingly, in considering the long-term consequences of decisions and the impact of the Company's decision: on its stakeholders, it is important thst the Directors also consider the Company's operations in the context of the operations of the ASDA group of companies (the “Group”) as a whole. The Company’: intermediate parent undertaking, ASDA Group Limited also plays an important role in the govemance of the operation: of the Company. This includes consideration and approval of key commercial decisions which materially impact the Company, its stakeholders and its operations. All of the Directors are also directors of ASDA Group Limited. Where individuals are directors of separate legal entities within the Group, they are aware of their separate responsibilities regarding each of these legal entities. Further details of the directors of ASDA Group Limited whe served during the year are included in the fimancial statements of ASDA Group Limited which are available from ASDA House, Southbank, Great Wilson Street, Leeds LS11 SAD. The ASDA Real Estate & Investment Committee (“AREIC") is constituted as a committee of the board of directors of ASDA Group Limited (the “Board”) and operates under clearly documented terms of reference defining its scope of authority, which include: oversight of the Group's capital investment programme and real estate matters, AREIC is therefore relevant to the principal activities of the Company and plays a role in the decision-making process of the Company. All of the Directors are members of AREIC and AREIC is also attended by senior employees of the Group, from a range of business units that support the operations of the Company including property, commercial, strategy, finance and legal AREIC meets at least monthly and with such greater frequency as is considered necessary. It creates a formal vehicle for direct and ongoing engagement between the Directors, the wider Board and the business units who are imvolved in supporting the operations of the Company and the wider Group real estate portfolio. It is therefore a forum for engaging directly with material stakeholders, such as its investor and customers, and a forum for sharing the outcome of other stakeholder engagement camied out by business unit: that support the operations of the Company. Engaging stakeholders in this way and the outcome of stakeholder engagement generally, as fed back to the Directors via AREIC, ensures that the Directors consider the impact of decisions on relevant stakeholder groups and provides open lines of commmmication with affected stakeholders (in particular, members of the Board of ASDA Group Limited, as the investor and the parent company of the Company's tenants) to ensure proposed decisions are fully understood and supported before taken. The section below sets out a more detailed summary of the Company’s relationships with it: key stakeholders and how the Directors engage with those stakeholders. The Directors recognise that the pertinence of a particular stakeholder group may vary depending upon the matter under discussion.