BBC launches new style Annual Report

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The BBC's Board of Governors publish a new style Annual Report and Accounts, demonstrating the first step in implementing the new governance arrangements announced last month. In the Report, the Governors said management must offer quality programmes and services to licence payers that represent value for money.

In his opening statement, newly appointed Chairman Michael Grade said: "Traditionally the Annual Report and Accounts has been as much about marketing the BBC as holding it to account – and as much about management's view of its own performance as about the Governors' view of management's performance. This Annual Report is different and we intend to take this process further in future years."