ERM Annual Review 2008 - (Page 7) Sales by Practice FY 2008 Sales by Industry Sector FY 2008 E D G F C A E D B C H I A B Global Sales A B C D E Contaminated Site Management Compliance Assurance Impact Assessment & Planning M&A Advisory Services Strategic Advice FY2008 33% 28% 17% 13% 9% Global Sales A B C D E F G H I Manufacturing/Retail Oil & Gas Transportation, Utilities and Construction Chemical and Pharmaceutical Mining/Metals Financial and Legal Government High Tech and Communications Other FY2008 23% 22% 12% 11% 7% 6% 5% 3% 11% Update on Governance Summary The governance framework has remained similar to last year. The Board still meets six times a year with two sub-committees for Audit & Risk, and Remuneration. We welcomed Chris Busby of Bridgepoint onto the Board as a Non-executive Director in January 2008. Earlier in the financial year, Julio Torti withdrew from the Board to focus on his role as regional CEO of the growing LAC region. We ran a competitive tender process during the year which led to a change of auditors from Ernst & Young to KPMG. On a day-to-day basis we continue, as always, to be managed by the Executive Directors, who are supported by the Senior Leadership Team and a larger group of Senior Partners. These groups consist of the Senior Executives who lead regional and country operations, business development, People development and other support functions. They generally meet two to four times a year in differing locations around the world, which enables them to meet clients and share knowledge across a variety of markets. The financial year ended 31 March 2008 was a highly successful year for ERM both in terms of record financial performance and ongoing investment in the future growth of the business. Our employees have strongly supported this belief – 260 Partners committed US$9 million of their own money during the year in purchasing additional interests in the business via internal share offerings. This brought the total commitment by Partners over two years to some US$17 million. Finally, we are pleased to report that trading in the first quarter of the financial year ending 31 March 2009 has been encouraging, with ERM experiencing strong growth on the equivalent first quarter of financial year 2008. John Alexander Chief Executive Officer, August 2008 80% Our Eurasia business grew in earnings by 80%. Andrew Silverbeck Finance Director, August 2008 ERM Annual Review 2008 07
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