Integrity

Integrity is a core value at the heart of all we do. As an ethical organisation, we place a high value on being moral and fair in our dealings, both with members and external suppliers.

We firmly believe in being transparent and open in how we conduct business. All authority ultimately rests with MPS Council, a body elected by the membership.

The Council’s obligations and powers (in addition to those imposed on or granted to it by law) are set out in the Memorandum and Articles of Association. A copy of this is sent to members when they join MPS.

MPS holds a large fund of money for the benefit of members. This is a responsibility we take very seriously as it is crucial that the money be managed wisely so that sufficient funds are available for assisting members. This means exercising good stewardship to secure the ongoing financial health of MPS and to ensure that the benefits of membership are allocated fairly in accordance with our objectives.

The Combined Code on Corporate Governance sets out best practice for corporate governance and compliance with the Code is mandatory for listed companies. Although MPS is not a listed company, and therefore not obliged to comply with the Code, we have adopted its principles of best practice as far as they apply to us.

Transparency is a key aspect of accountability to which we fully subscribe. We publish clear information about our financial position and the remuneration of executives each year in our Annual Report and Accounts. Members are entitled to an explanation of the reasons behind any decisions Council might make that affect them.