Untitled - David Kronemyer

FIXEI] ASSETS
The Directors are of the opinion that the present market value of the land and buildings
of the Company and its subsidiaries is in excess of net book values.
RESEAITCH AND DEVELOPMENT
The management of each of the Company's principal aetivities is responsible for research
and development in their particular area. These activities are supported corporately by the
Central Research Laboratories,
986.8m was spent on research and development during the year ol which customers
lirnded S52-3m.
EMPLOYEE INVOLVEMENT
During the year the Company extended its policy of emplovee communication and
involvement through a vide variety of bodies and media. Features of the year have been
the improvement of Company newspapers and other media; extension of self-managed
work groups, brieling groups and employee opinion surveys.
l'he operation of the Savings-Rclated Share Option Scheme which gives a wide range
of employees the opportunity to participate in the luture of the Company. continued to
promote considerable interest.
The Joint Pension Fund Committee has extensive rcpresentation of employees and
management. Regular reports uere made on their activities. V'ithin the constituent
companies there are joint committees on Health * Safety and other subjeds related to
employces and their representatives,
TRAININC AND DEVELOPMENT
The Company recognises that its perlbrmance is signilicantly improved by strong
investment in taining and Development. ln 1987 the Company invested in a wide range
of developmental programmes uhich have been shaped to meet the requirements ol the
very dilfcrent needs of the individual businesses, both in the UK and ovemeas.
THORN El\fl continues to be attractive to graduates and the Company is committcd to
maintaining a high level of graduate intake.
Overall TIIORN EMI's approach to training and development is to increase investment
in appropriatelv designed activities geared to the improvement oI business perlbrmance
and to building to the lull th{) capabilities of staff at all levels.
EQUAL OPPORTT]NITIES
It is the policy of TIIORN EMt and its subsidiaries that there shall be equal opponunities
in the area of employment without discrimination on the grounds ol colour, ethnic or
racial or{in, nationality, sex or marital status in accordance uith the relevant legislation.
This policy applies to recruitment, training, promotion, and terms and conditions o{
employment.
Employees at all levels have a responsibility to observe this policy in addition to their
legal obligations.
EII4PLO}MENT OI DIS4BLED PERSO\S
It is Company policy to encourage good employment practices with regard to the disabled
in accordance rith the Government recommended guidelines.
SUBSTANTIAL INTERESTS
At the datc of this repoft the only substantial interest in thc issued share capital of the
Company which has been notified is a holding by the Pmdential Group o{ Companies ol
14,839,798 Ordinary Shares representing 5.40/o of Ordinary Shares in issue on 14 June
I9BB.