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28 March 2018

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(“RB” or the “Company”)


2017 Anniversary Report, 2017 Sustainability Abode

and Notice of the 2018 Anniversary Accepted Meeting



RB confirms that the afterward abstracts are today appear and are accessible on its website:


–   Annual Abode and Cyberbanking Statements for the year assured 31 December 2017 (“2017 Anniversary Report”)


–     Notice of the Anniversary Accepted Meeting 2018 to be captivated on 3 May 2018 (“2018 AGM Notice”)


–     2017 Sustainability Report


In acquiescence with LR 9.6.3, the afterward abstracts accept additionally been submitted to the National Storage Mechanism and will anon be accessible for assay at


·     2017 Anniversary Report

·     2018 AGM Notice

·     Form of Proxy for the 2018 Anniversary Accepted Meeting


In acquiescence with aphorism 6.3.5(3) of the Disclosure Guidance and Transparency Rules the abstracts can additionally be downloaded in pdf architecture from the Company’s website at, and will be acquaint to shareholders on 3 April 2018.  The Company’s 2018 Anniversary Accepted Meeting will be captivated at 11.15 a.m. on Thursday 3 May 2018 at the London Heathrow Marriott Hotel, Bath Road, Hayes, Middle, UB3 5AN.


A abridged set of the Company’s cyberbanking statements and admonition on important contest that accept occurred during the cyberbanking year and their appulse on the cyberbanking statements were included in RB’s basic advertisement of anniversary after-effects appear on 19 February 2018. That information, calm with the admonition set out in the Appendix below, which is extracted from the 2017 Anniversary Report, constitutes the absolute adapted for the purposes of acquiescence with DTR 6.3.5R. This advertisement is not a acting for anniversary the abounding 2017 Anniversary Report. Folio numbers in the extracted admonition beneath accredit to folio numbers in the 2017 Anniversary Report.


Enquiries:           Tel: 44 (0)1753 217800



Rupert Bondy, SVP, Accepted Counsel/Company Secretary

Richard Joyce, SVP, Investor Relations



Patty O’Hayer, Director, Alien Communications & Affairs


103-105 Bath Road, Slough SL1 3UH

Registered in England and Wales, No. 6270876 

Reckitt Benckiser Accumulation plc’s LEI cipher is 5493003JFSMOJG48V108


About RB:


RB is the all-around arch chump health, hygiene and home company. Apprenticed by a purpose of accouterment avant-garde solutions for convalescent lives and happier homes, RB has operations in over 60 countries.  From the foundations of wellness and baby nutrition, to the fundamentals of a aseptic home, its all-around brands admonition bodies alive healthier, happier lives.

RB has apple arch Powerbrands which accommodate domiciliary names such as Enfamil, Nutramigen, Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Woolite and Air Wick.

RB’s different adeptness is at the affection of its success.  Its drive to achieve, affection to beat and charge to affection and accurate arete is embodied in the assignment of over 40,000 advisers worldwide. 

For added admonition appointment 


*RB is the trading name of the Reckitt Benckiser accumulation of companies



Cautionary calendar apropos advanced attractive statements

This advertisement and the Anniversary Abode and Cyberbanking Statements accommodate statements with anniversary to the cyberbanking condition, after-effects of operations and business of RB (the “Group”) and assertive of the affairs and objectives of the Accumulation that are advanced statements. Words such as ”intends’, ‘targets’, or the abrogating of these acceding and added agnate expressions of approaching accomplishment or results, and their negatives, are advised to analyze such advanced statements. In particular, all statements that accurate forecasts, expectations and projections with anniversary to approaching matters, including targets for net revenue, operating allowance and amount efficiency, are advanced statements. Such statements are not absolute facts, nor are they guarantees of approaching performance.


By their nature, advanced statements absorb accident and ambiguity because they chronicle to contest and depend on affairs that will activity in the future. There are a cardinal of factors that could anniversary absolute after-effects and developments to alter materially from those bidding or adumbrated by these advanced statements, including abounding factors alfresco the Group’s control. Among added risks and uncertainties, the absolute or arch factors which could anniversary absolute after-effects to alter materially are: the accepted economic, business, political and amusing altitude in the key markets in which the Accumulation operates; the adeptness of the Accumulation to administer regulatory, tax and acknowledged matters, including changes thereto; the believability of the Group’s abstruse basement or that of third parties on which the Accumulation relies; interruptions in the Group’s accumulation alternation and disruptions to its assembly facilities; the acceptability of the Group’s all-around brands; and the appliance and assimilation of key management.


These advanced statements allege alone as of the date of this announcement. Except as adapted by any applicative law or regulation, RB especially disclaims any obligation or adventure to absolution about any updates or revisions to any advanced statements absolute herein to reflect any change in the Group’s expectations with absorption thereto or any change in events, altitude or affairs on which any such anniversary is based.


Any admonition absolute in the 2017 Anniversary Abode and Cyberbanking Statements on the amount at which shares or added antithesis in Reckitt Benckiser Accumulation plc accept been bought or awash in the past, or on the crop on such shares or added securities, should not be relied aloft as a adviser to approaching performance.







The primary purpose of this advertisement is to acquaint the bazaar about the advertisement of RB’s 2017 Anniversary Report, 2017 Sustainability Abode and 2018 AGM Notice.

The admonition below, which is extracted from the 2017 Anniversary Report, is included alone for the purpose of acknowledging with DTR 6.3.5R and the requirements it imposes on issuers as to how to accomplish accessible anniversary cyberbanking reports. It should be apprehend in affiliation with the basic announcement. Calm these accumulated the absolute adapted by DTR 6.3.5R to be announced in unedited abounding argument through a Authoritative Admonition Service. This absolute is not a acting for anniversary the abounding 2017 Anniversary Report.

Page and calendar references in the argument beneath chronicle to pages and addendum in the 2017 Anniversary Report.



The afterward table provides a arbitrary assay of the arch cardinal risks and uncertainties that are added able to affect the Group, as articular by administration and the Board.


RB operates a above accident appraisal activity to periodically identify, appraise and mitigate

those risks it considers to be best cogent to the acknowledged beheading of our strategy.


The afterward table sets out the arch cardinal risks and uncertainties adverse the Accumulation at

the date of this report. They do not comprise all of the risks that the Accumulation may face. Added risks and uncertainties not anon accepted to management, or accounted to be beneath absolute at the date of this report, may additionally accept an aftereffect on the Group.


The Board retains albatross for blank of arch risks beyond RB and it considers the

appropriateness of the accident acknowledgment to its appetence for accident as laid out in the anniversary cardinal planning process. The Board assembly the circadian ecology of accident to the Controlling Board (EC) and anniversary arch accident has an EC owner. Arch risks are commonly advised not alone at EC affairs but additionally by the adapted Board board (Audit or CRSEC) or by the Board itself. The Assay Board holds albatross for blank of the

principal accident appraisal process, and because whether it is adapted to the needs of the business and works effectively; the Assay Board performs an anniversary assay of this process. The arch accident appraisal activity is led and facilitated by the Accumulation Head of Centralized Assay & Accident Administration beneath the administration of the Accumulation CEO and CFO. The arch accident appraisal activity consists of the afterward key elements.


The best chief leaders of our business abode time anniversary year, in a facilitated altercation with the Accumulation accident team, to accede the accident ambiance for their accurate anatomic or geographic breadth of albatross and how their arising or accepted risks could appulse on the accomplishment of the Group’s cardinal objectives.


Similar sessions are captivated with the Group’s alien admiral and additionally with anniversary Board member. The key agreeable from these sessions is synthesised into the Group’s arch risks, with an EC buyer actuality answerable for administering the beheading of the accepted ascendancy activity and for advancing and alive a plan of mitigating accomplishments to appropriately administer the

Group’s acknowledgment to an able akin for that risk. Advance is advised periodically and the arbitrary achievement from the arch accident appraisal activity is formally submitted annually by the EC to the Board for its appliance and agreement. Through the advance of anniversary year, the EC, Board and Board Committees’ agendas abode anniversary of the arch risks through specific ‘deep dives’ to ensure able focus, resourcing and advance with mitigation.


Viability Anniversary


The Board conducted a Activity Assay accoutrement a five-year period. This aeon was selected

as it is the aeon covered in the Group’s abiding forecasting process, which covers the addition to bazaar of the accepted new artefact pipeline.


The five-year Activity Assay aboriginal looks at the Group’s adeptness to abide in operation if it performs in band with the Accumulation forecast. This assumes that accustomed bazaar altitude abide and accepted trends remain.


The appraisal takes into anniversary the Group’s banknote flow, absolute Accumulation planning accuracy, accessible cyberbanking accessories and absorption awning ratios in affiliation with cyberbanking covenants. The assay assured that if RB performs in band with anticipation it would accept acceptable funds to trade, accomplish its liabilities as they abatement due, and abide adjustable with cyberbanking covenants.


The assay goes on to accede the activity of the business should adverse abrupt contest arise. To allegorize this, a sensitised appearance of the Accumulation anticipation was produced. The adverse assumptions are based primarily aloft the realisation of key Accumulation arch risks, which accept the best accordant abeyant appulse on activity (see risks apparent ‘*’ on the afterward pages).


The acuteness assigns anniversary adverse acceptance an estimated anniversary budgetary amount and estimates the appulse on absorption awning ratios and allowance over accessible borrowing facilities.

The assay concludes that alike with the accident of key abrupt scenarios, RB would

still accept acceptable funds to trade, accomplish its liabilities as they abatement due, and abide adjustable with cyberbanking covenants.


The Board has added advised the accident of a ‘Black Swan’ event: an accident with acceptable abeyant appulse to accident the approaching of RB as a able and absolute business operating in its called markets. The accident of a above affair could aftereffect in significant

reputational impact, a adverse allotment amount fall, cogent accident of chump confidence, and disability to absorb and recruit affection people. Such an accident could accept an appulse on the activity of the business.


As there are a cardinal of mitigating controls in abode beyond the business, the accident of a Black Swan accident is advised abundantly absurd that it has not been factored into the acuteness analysis.


As a aftereffect of the Activity Review, the Board has a reasonable apprehension that the Accumulation will be able to abide in operation and accommodated its liabilities as they abatement due over the five-year   period covered in the Activity Review.


Risk administration framework


Compared with a year ago, the alone risks accept acquired as follows:


·           ‘Delivery of RB 2.0’ will accommodate greater accident antithesis for RB in the average term, although there is shorter-term commitment accident associated. New and cogent risks are additionally associated with ‘Mead Johnson Diet (MJN) Integration’. These two risks are actuality managed through an chip change administration programme;


·           Able aboriginal advance on the afresh implemented Safety, Quality, Authoritative and Acquiescence (SQRC) babyminding anatomy has apprenticed a abridgement in the acknowledgment for our consumers to abeyant ‘Product Safety’ issues, and of the RB business to ‘Product Authoritative Non-Compliance’ risks;


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·           The ‘South Korea’ accident has stabilised although cogent accident remains;


·           Due to developments during 2017 in the ‘Department of Justice’ case, this accident is now actively managed alone from the ‘Legal Non-Compliance’ risk;


·           RB additionally suffered ‘Supply and Logistics’ shortfalls, which were affronted by a cogent cyber aegis aperture aloof advanced of the half-year close, with resultant chump account impact. Cogent administration accomplishment and assets abide to be activated to abate these risks for both the abbreviate and best terms;


·           Continuing below-par trading accomplishment increases the accident of ‘Loss of Management’; and


·           ‘Reputation’ as a accident has been removed from the list, as it is advised that this is best appropriately managed through its basic parts.


As such, the Accumulation accident contour has hardly added in accumulated from a year ago, with three

principal risks (numbers 7, 10 and 12) accustomed a college likelihood than in the antecedent year and one (number 2) accustomed a lower likelihood, per the advertisement below. The abeyant appulse adjourned has risen for three risks (again, numbers 7, 10 and 12) and collapsed for two (2 and 3) based on the adventures of 2017.


Overall, it is advised that the Accumulation accident administration framework has been added able during 2017 through the aggregate of greater Board administration and blank with the embedding of the Accumulated Responsibility, Sustainability, Ethics and Acquiescence Board (CRSEC Committee) calm with the associated controlling administration committees; also, the appulse of the Safety, Quality, Authoritative and Acquiescence (SQRC) function, advertisement anon to the Accumulation CEO, and the channelling of added assets to strengthen acquiescence affirmation beyond the Group.


Exchange amount accident


While the adopted barter accident is not advised to be a arch accident to the Group, the agency acclimated to abate this accident are advised in Calendar 14 to the Cyberbanking Statements.


Current Accumulation arch risks


1.    RB 2.0 Delivery

2.    Artefact Safety

3.    Non-Compliance with Artefact Regulations

4.    Non-Compliance with GXP Regulations

5.    South Korea

6.    Fatality or Above Employee Affirmation Adventure

7.    Accumulation and Logistics

8.    ERP/IT Systems Failure

9.    Cyber Security

10.   Acknowledged Non-Compliance

11.   Above Tax Disputes

12.   Accident of Administration

13.   MJN Integration

14.   Department of Justice Investigation


BS. ‘Black Swan’ Accident



Principal Accident


Mitigation Status

Ongoing 2018 actions

1. RB 2.0 Delivery*

Risk that accomplishing of the new RB 2.0

category-based organisation and accompanying

ways of alive causes concise issues:

• Heavy change programme.

• Abeyant accident of key management.

• Focus on operating performance.

• Accumulation ascendancy and compliance.

Board accomplishment of all absolute aspects. Audit

Committee commonly adapted on advance to

ensure able accident and ascendancy maintained.


Personal administration of Accumulation Chief Executive

with absolute Controlling Board (EC) oversight.


RB 2.0 overarching activity administration aggregation accustomed and alive effectively, with able-bodied babyminding framework in place.

Programme teams in abode for anniversary business assemblage and budgets allotted for end-to-end ownership.


Programme Assay Board affairs held

monthly and chaired by Accumulation CFO.


Detailed change programme beheading plan

and advancing babyminding archetypal maintained

and adapted by programme team, including:


• Chump go-live beyond the apple – to

approach barter and manage

relationships as two abstracted business units.

• Acknowledged article restructuring – achievement in-year of best analytical markets.

• Authoritative acquiescence plan for articles in band with acknowledged article changes

2. Artefact Safety*

Risk of not accepting a able-bodied activity for

assessment of artefact safety; this may aftereffect in:


• Chump affirmation issues.

• Gaps in the achievement of our affirmation assessment.

• Reputational accident with consumers,

customers or regulators.

• Cogent cyberbanking losses arising from

supply disruption, artefact recalls, delayed launches, penalties, etc.

• Accessible bent accountability for Group

companies and RB management.

A committed acuity accumulation monitors and

reports as adapted adverse contest and manages artefact affirmation risks.


Safety aggregation has been added strengthened

during 2017.


Base training for all employees, and advanced

training for accordant advisers to fully

understand their role in accomplishing safety, quality

and acquiescence standards for RB products.


The Acquiescence Administration Committee

(CMC), accustomed in 2016, continues to accommodated monthly, chaired by the Accumulation CEO (the Accumulation CFO back 1 January 2018). The CMC commonly reviews artefact affirmation babyminding and issues

arising and escalates to the Controlling Board as necessary.


Quarterly updates of artefact affirmation progress

from the CMC to the CRSEC Committee.



Ongoing assay of Artefact Affirmation Evaluation

Records (PSERs) to ensure accepted availability

for all products.

Systems assay to ensure that all product

changes are abundantly tracked, controlled

and updated.

Development and affiliation of a crossfunctional

Product Lifecycle Administration (PLM)

system (safety, regulatory, pharmacovigilance,

quality, supply, procurement, etc.) to improve

compliance at antecedent and abate manual


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Strengthen processes to ensure artefact release

from factories is accidental on availability of


3. Non-Compliance with Artefact Regulations*

Risk that non-compliance with regulations of

relevant artefact classifications (e.g. medicinal

products, medical devices, comestible supplements,

food, cosmetics, accepted products, etc.)  after-effects in:


• Chump affirmation issues.

• Reputational accident with consumers,

customers or regulators.

• Cogent cyberbanking losses arising from

supply disruption, artefact recalls, delayed launches, penalties, etc.

• Accessible bent accountability for Group

companies and RB management.

REGEX programme advised acquiescence of

RB’s anesthetic business authorisations.


Ongoing Artefact Vulnerability programme (review of ingredients, formulations, stability

data, etc. in Bloom portfolio).


REACH acquiescence programme to enhance

systems, processes and abstracts to demonstrate

compliance with REACH and added actinic ascendancy legislation.


Product Candor assay programme (review

product acquiescence adjoin allotment and/or authoritative requirements).


Change administration activity optimisation to

maintain artefact compliance.


A Acquiescence Administration Board (CMC)

meets monthly, chaired by the Accumulation CEO (the

Group CFO back 1 January 2018). This

committee commonly reviews artefact authoritative babyminding and updates the Board CRSEC Board quarterly.


Compliance programme for animal wellbeing

medical accessories has commenced as allotment of artefact candor reviews.


Improve artwork and characterization approval process.


PLM arrangement development to alter ageing

system and accommodate RB and MJN to accredit acquiescence administration throughout the

product activity cycle.

4.  Non-Compliance

With Good Accomplishment Practices (GXP) Regulations*

Risk of non-compliance with applicable

regulations, guidelines, centralized standards and/

or registrations beyond the accumulation alternation and

throughout the artefact activity aeon administering how we aftermath and accumulation products.


Non-compliance after-effects in accident to:


• Chump – affirmation and efficacy.

• Business disruption including armpit or business closures.

• Accessible bent accountability for Group

companies and RB management.

The CMC (see arch accident cardinal 2) is now

in abode to ensure KPIs are appear from the

top through all levels in the organisation.


Quarterly updates of affection compliance

progress from the CMC to the CRSEC



Independent assay aggregation accustomed and

externally certified; aboriginal full-year programme



Minimum standards programme in abode to

monitor and admeasurement performance.


Health business assemblage acquiescence regularly

audited by alien parties and bright accomplishments in place.


Change administration arrangement deployed globally during 2017 to extend appliance to Hygiene Home business unit.


External appraisal of Affection Management

System (QMS) and chump affirmation completed, with remediation affairs in place.


Verify acquiescence with QMS through accumulated affection audits in abject businesses and all

supporting functions.


Implement antecedent phases of chip All-around Chump Relations activity and process/

system to ensure adapted arresting apprehension by business unit.


Integrate MJN and RB Affection Management

team, to authorize constant standards globally.


Establish and abode new KPI metrics assessing

compliance accident of QMS elements.


PLM arrangement development to advancement system

and accommodate RB and MJN to accredit compliance

management throughout the artefact activity cycle.

5. South Korea




The Humidifier Sanitizer (HS) affair in South Korea is a adverse event. We abide to make

both accessible and claimed affliction to victims.


While an adapted accouterment was fabricated at bisected year 2016 to awning the one-off costs of litigation, a advantage programme for

certain victims, as able-bodied as some impairment, the

risk of added acknowledgment remains. See Addendum 17 and 19 to the Cyberbanking Statements.


Full accessible acknowledgment formally and repeatedly

made by RB Korea to afflicted parties.


Regular assay affairs by RB Group, as buyer of RB Korea, to assay adjustment advance and added issues as they arise.


Financial modelling performed and adapted to quantify accident and accommodate for cyberbanking exposure.

RB Korea continues to assignment carefully with

government and added stakeholders to

progress adjustment with claimants and

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to authorize a applicative advancing model

for the bounded operations. See Addendum 17 and 19 to the Cyberbanking Statements.

6. Fatality or Above Employee Affirmation Adventure

Risk of assignment accidents arch to death, injury

or affliction on RB bounds or bounds under

RB supervision, in the case of outsourced

operations, consistent in risks to:

• Accident of life.

• Aggregation acceptability – cast and Company

image damage.

• Operational adeptness – branch closures, cogent accumulation disruption as issues are articular and rectified.

• Cyberbanking accomplishment – accident of sales, fines and amount of remediation activities.

• Accessible bent accountability for Group

Companies and RB chief management.

Global Safety, Quality, Authoritative and

Compliance (SQRC) anatomy and regional



Policy and added Employee, Bloom & Affirmation (EH&S) standards in place.


EH&S accelerated assay acquiescence programme

in place, including self-assessment, armpit visits,

assurance of advance accomplishments and adeptness surveys.


Routine advance advertisement to CMC, with

quarterly updates of advance with safety

governance and issues to the CRSEC



Ongoing EH&S training and deployment of

driver affirmation accepted programme in 2017.

Continue to bury acute EH&S adeptness through accurate auditing, advancing cultural

surveys and training.

7. Accumulation and Logistics

Risk of artefact accumulation abeyance consistent from adventitious disruptions in raw absolute accumulation or affected shutdown.


Loss of competitiveness and advantage from

service akin abasement arising from branch accommodation constraints,  warehouse or carriage accoutrement accuse or bereft change capability in branch and/or accumulation services.


Risk that our business chain affairs (BCPs),

including mono-sourcing (materials and products) do not abundantly abode all risks adverse the Group, consistent in abrupt business disruption.

Continued advance in ensuring arch key

single-sourced accomplishment sites (Tier One) accomplish and advance FM All-around acceptance as Awful Protected Accident (HPR) sites or otherwise

have absolutely activated accident acknowledgment plan.


BCPs in abode at added key sites ambience out

alternative accomplishment locations, recovery

times, etc.


Continuous assay of business interruption

insurance behavior to ensure able cover

is in abode with activated and accurate product

recall process.


Raw absolute mono-sourcing risks and accomplishments monitored on a bi-monthly basis.


Tested and accurate artefact anamnesis process.

Extend HPR acceptance to all ex-MJN accomplishment locations acquired in 2017.


Revisit all BCPs to ensure able-bodied and functional

documentation and mapping for each

significant branch (e.g. by acquirement stream) to affirm that business chain arrangements

remain sufficient.

8. ERP/IT Systems Failure

Risk of IT disruption or accounting error, due to bequest Enterprise Resource Planning (ERP)

and IT systems, impacts business operations in a cardinal of areas, e.g. through unavailability

of key administration admonition or disruption to transactional processing.


There is an associated, added accident that SAP

deployment, to alter the absolute bequest ERP, is delayed due to RB 2.0 activity time frames and affiliation of MJN into RB.






Executive Board strategically committing

to Group-wide SAP cycle out.


SAP bartering and branch templates abide to be formed out and are now alive in bristles countries, 11 factories and two hubs, including contempo deployments in Mexico and India, as well

as beyond the anew acquired MJN estate;

multiple deployment teams abide absolutely alive in accelerated rollout phase.


Disaster accretion affairs for key IT systems

defined, consistently advised and activated beneath new outsource provider platform, accouterment bigger systems integrity.

Execution of RB 2.0, including accelerated cycle out of SAP bartering and branch templates

and advance of the bartering functionality

of the anew acquired MJN SAP template.


Perform adversity accretion assay for all Global/critical SAP systems and associated dependent


9. Cyber Security*

Risk that RB is accountable to increasingly

sophisticated cyber

attacks aimed at causing business disruption, abduction of abstracts for financial

gain, and reputational damage.


Note: RB was the accessory victim of the June 2017 virus advance via Ukraine, which disabled

virtually all MS-based systems beyond RB over a cardinal of canicule and including over the half-year

end. Whilst a abounding accretion was made, an expert-led assay of the adventure has extracted

extensive acquirements credibility to appropriately

minimise appulse from approaching attacks and

mitigate both the actual as able-bodied as the longer-term risk.



Transformation of IS accouterments environment

completed with aegis ecology of key

systems in place.


Ongoing advance in arrangement patching adjoin cyber threats.


Continuous cyber testing belvedere (vulnerability

management) to analyze cyber weaknesses as

new threats emerge.


Regular cyber aegis exercises.


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Cyber aegis acquaintance training for all staff.


Solution in abode for advantaged access



Global advancement belvedere in abode for abstracts and

systems recovery.

Implementation of cyber security

transformation plan and activity in ablaze of the learnings from the June 2017 cyber

attacks including:


• 24/7 Cyber Defence Centre.

• Removal of bequest platforms.

• Added IT aegis aggregation headcount.

• New cyber acknowledgment playbooks and processes.

• Advanced blackmail protection.

• Continued improvements to arrangement recovery

speed and capability

10. Acknowledged Non-Compliance*


Risk that we are not absolutely adjustable with

relevant laws and regulation, including

anti-corruption laws and all-around competition

laws, consistent in accident to RB’s reputation,

significant abeyant fines and accessible bent accountability for RB chief administration (see Addendum 17 and 19 to the Cyberbanking Statements for

further detail).


Increased accident has arisen from:


• The accretion and affiliation of MJN

increasing our acknowledgment with absorption to anti-corruption laws, accurately bloom affliction able interaction.

• Abstracts aloofness acknowledgment is accretion due

to the charge to ascendancy Personally Identifiable

Information (PII) and continuing changes

in legislation e.g. Accepted Abstracts Protection

Regulation (GDPR).

Group Acquiescence programme.


Global Acquiescence Passport online training

completed by all employees.


Group Whistleblower Hotline operational,

widely announced and embedded.


Dedicated acquiescence cadre in each

business unit; accurate by centralized compliance

liaisons and alien bounded acknowledged experts as and back required.


SVP Accepted Admonition and Aggregation Secretary

routine appearance at Board meetings.

IFCN assay with new behavior for interaction

with Bloom Affliction Professionals (HCPs) and activity underway to accommodate with Health

business unit.


Global Gift Register and added due

diligence checks developed during 2017.


GDPR address activity underway.

Ongoing proactive administration of accepted and

potential litigation.


Delivery of GDPR address activity advanced of

effective date of new adjustment in May 2018.


Develop apparatus for advancing ecology to prevent

potential corruption of cogent bazaar positions.


Develop and rollout adapted online training.

11. Above Tax Disputes  

Risk of cogent un-provisioned banknote outflows as a aftereffect of tax ascendancy claiming to filed tax

positions (see Calendar 7 to the Financial

Statements for added detail).

Governance Assay Board monitors and drives acquiescence adjoin operating model.


Ongoing assay and adapted provisioning

for advancing exposures.


Ongoing ecology of advance of European

Union State Aid investigations and their accessible appulse on RB. Additionally for Abject Erosion and Accumulation Shifting (BEPS) initiatives.

Ongoing proactive administration to advance academic Advanced Pricing Agreements (APAs)

and proactive administration of advancing tax audits.

12. Accident of Administration

Risk that RB cannot apparatus its strategies and accommodated objectives as a aftereffect of management

leaving the business who cannot be readily replaced by appropriately high-calibre experienced/

qualified candidates.


Ahead of RB 2.0 there was a affair that administration about-face could rise.

‘People’ altercation is a accepted calendar account at all Controlling Board meetings.


Succession affairs for key administration positions are in place.


Retention accident assay undertaken regularly,

including assay of about-face rates.


Continuous assay of competitiveness of the

total advantage programmes at RB.


DARE (Develop, Attract, Retain, Engage

talented women) programme continues to be apprenticed hard; its cold includes the abridgement in declivity amount of females from administrator to chief administration positions.

The Accumulation structures its accolade programme to

attract and absorb the best people. The academic assumption planning activity continues to

evolve with affairs actuality advised and adapted consistently for all key positions and individuals.

13.Mead Johnson (MJN) Affiliation

Risk that affiliation takes best than accepted and does not bear the projected benefits

within accepted time frames:


• The affiliation of MJN into RB continues to alter administration absorption from

operating and carrying the accepted after-effects from its amount business.

• Absolute RB administration accept bound acquaintance in active and managing the risks associated with an Baby and Child

Nutrition (IFCN) business.

IFCN operated as a abstracted assay through 2017 with a committed Controlling Administration aggregation (80% of which are antecedent MJN employees).


Commercial accomplishment and affiliation status

progress advised account by the EC.


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programme in place.


RB has able IFCN bartering rigour

through enhancements to the operating model,

whilst application different strengths of MJN R&D,

Regulatory and Affection functions.

Detailed plan of abounding affiliation in abode and accumbent aural RB 2.0 organisation change.

14. Department of Justice (DOJ) Investigation

Risks anticipation from advancing US DoJ

investigation and accompanying antitrust activity apropos to bequest biologic business include:


• Abeyant bent allegation of RB Accumulation or RB individuals, with reputational impact,

distraction and abeyant awkwardness which could allegedly accept added implications

within the RB business.

• Cogent cyberbanking accountability for RB from

settlement or adverse cloister decisions in

criminal or civilian matters.

Ongoing aing blank by top management

and Board, with absolute admonition from alien counsel.


Ongoing alertness of defences to any

criminal allegation or civilian action.

Continuing accomplishment to appoint to reach

reasonable resolution of the investigation.

BS. ‘Black Swan’ Event




Risk of cogent reputational appulse as a aftereffect of a above artefact affirmation affair consistent in actual austere adverse impacts to third parties or the activity of the business, possibly circuitous by allegedly negligent

management behaviour.


Extreme adverse columnist advantage and viral amusing media bond the RB name to consumer

brands, arch to adverse allotment amount fall, accompanied by collapse of consumer

confidence and disability to absorb and recruit awful able employees.

A abounding and able-bodied accident and ascendancy framework is in abode and operating finer beyond RB.


This framework is overseen by the Assay and CRSEC Committees on account of the Board and

is commonly advised by an absolute Internal

Audit function, which letters anon to the

Audit Committee.


Crisis administration training programme and abutment accoutrement in place.

The capability of the accident and control

framework, calm with Accumulation policies,

is advised annually by the Assay and

CRSEC Committees.


Incremental improvements are fabricated anniversary year

to added strengthen RB’s systems of centralized ascendancy and accident management.

Routine Risks


We are accountable to a ambit of acquiescence and accepted risks as allotment of accustomed business.

In adjustment to administer the added abundant and

routine risks, the Accumulation maintains a complete

and able-bodied babyminding framework. This consists of a abounding set of policies, processes and systems accoutrement all aspects of compliance, with all-embracing and bounded laws as able-bodied as with the Group’s declared minimum ascendancy standards.


Management provides primary affirmation by

driving accident acquiescence through their respective

business unit, area, bounded or functional

responsibility. This is done through approved and abundant business and babyminding reviews. Secondary affirmation is provided independently

through a aggregate of Centralized and External

Audit accoutrement all aspects of the Group’s


The capability of the accident and control

framework, calm with Accumulation policies, is advised annually by the Assay and CRSEC Committees.


A axiological aspect of the MJN acquisition

integration activity has been to baddest the best aggregate of accident and ascendancy policies, processes and systems to added improve

robustness for the continued RB 2.0 business.




(ii)  RELATED PARTY TRANSACTIONS (pages 152 and 163)



RB & Manon Business Co. Ltd (Manon)

As allotment of the arrange with the non-controlling shareholders of Manon, the parties are accountable to counterbalanced put and alarm options over the non-controlling Shareholdings, exercisable calm afterwards a aeon of six years, with accessible extensions accessible at the acceding of the parties. The present amount of the put advantage at year end was a accountability of £105 actor (2016: £94 actor liability).


Indivior PLC

Indivior PLC is no best advised to be a accompanying affair for the year assured 31 December 2017 afterward the resignations of Adrian Hennah (Reckitt Benckiser Accumulation plc CFO) and Rupert Bondy (Reckitt Benckiser Accumulation plc SVP Accepted Admonition and Aggregation Secretary) from the Indivior Board of Directors in May and September 2016 respectively.

For the year assured 31 December 2016, the Accumulation recognised £5 actor in added operating assets in anniversary of operational casework provided to Indivior PLC. Assertive outstanding balances totalling £6 actor apropos to adjustments in the final UK association tax liabilities were additionally acclimatized on account of Indivior PLC by Reckitt Benckiser plc in 2016.



The Accumulation has accompanying affair relationships with its Directors and key administration cadre (Note 5) and alimony schemes (Note 22).



Reckitt Benckiser Accumulation plc has accompanying affair relationships with its alimony schemes as appear in Calendar 26 of the Accumulation Cyberbanking Statements.


In the above-mentioned year assertive outstanding balances, totalling £6 million, were acclimatized with Indivior PLC. These accompanying to adjustments to final UK association tax liabilities acclimatized on account of Indivior PLC by Reckitt Benckiser plc.


There were no added affairs with accompanying parties added than wholly-owned companies aural the Group.



The Directors accede that the Anniversary Abode and Cyberbanking Statements, taken as a whole, are fair, counterbalanced and barefaced and accommodate the admonition all-important for Shareholders to appraise the Accumulation and Parent Company’s position and performance, business archetypal and strategy.


Each of the Directors, whose names and functions are listed on pages 52 to 55, affirm that, to the best of his/her knowledge:


•    the Parent Aggregation Cyberbanking Statements, which accept been able in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, absolute FRS 102 ‘The Cyberbanking Advertisement Accepted applicative in the UK and Republic of Ireland’, and applicative law), accord a accurate and fair appearance of the assets, liabilities, cyberbanking position and accumulation of the Company;


•    the Accumulation Cyberbanking Statements, which accept been able in accordance with IFRSs as adopted by the EU and IFRSs as issued by the IASB, accord a accurate and fair appearance of the assets, liabilities, cyberbanking position and accumulation of the Group; and


•    the Cardinal Abode includes a fair assay of the development and accomplishment of the business and the position of the Accumulation and Parent Company, calm with a description of the arch risks and uncertainties that it faces.


Name                           Function

Adrian Bellamy              Chairman and Non-Executive Director

Rakesh Kapoor              Chief Controlling Officer

Adrian Hennah               Chief Cyberbanking Officer

Nicandro Durante           Non-Executive Director

Mary Harris                    Non-Executive Director

Kenneth Hydon              Non-Executive Director

Pamela Kirby                 Non-Executive Director

André Lacroix                Chief Absolute Director

Christopher Sinclair        Non-Executive Director, Chairman-elect

Judith Sprieser              Non-Executive Director

Warren Tucker              Non-Executive Director


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