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In performing its commercial role, BBC
Worldwide conforms to domestic and European
Competition Law. In addition, and unlike
its competitors, BBC Worldwide is subject
to further requirements to trade fairly,
under the BBC’s Royal Charter. These
requirements are available at:
www.bbc.co.uk/info/policies/commercial_guides
In particular, the BBC’s Fair Trading
Commitment requires BBC Worldwide:
- To pay fair charges for any goods or
services received from other parts of
the BBC, and price its goods and services
fairly when sold
- To comply with published criteria setting
out what commercial activities are appropriate
for the BBC as a public service broadcaster
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- Not to use, or put at risk, public funds
– BBC Worldwide does not have access
to licence payers’ revenues or other
public funds
BBC Worldwide, along with all other divisions
at the BBC, is subject to the annual BBC
audit which is carried out by an external
team to ensure compliance with the Fair
Trading requirements under the BBC’s
Fair Trading Commitment.
Accordingly, the BBC has appointed external
Fair Trading Auditors PricewaterhouseCoopers
LLP, who have issued an opinion which concludes
that the BBC has established and has applied
systems, procedures and internal controls
which provide reasonable assurance that it
has complied with its Fair Trading Commitment
for the year ended 31 March 2003. |
