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A six-member committee manages the group, with Sir Philip as its leader, and it reports to the two boards.
An accounting scandal at Royal Dutch/Shell last year forced the Anglo-Dutch oil giant to cut by one-third the "proven" reserves it reports to its shareholders.
It reports to the Transportation Department, whose primary responsibilities are roads, rails, bridges and the airways.
It reports to parliament and is sponsored by the Department for Media, Culture and Sport.
It's an important job at Schwab; it reports to the C.E.O.
This is underlined by the fact that it reports to the prime minister – not to parliament and the public.
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"Why wasn't it reported to my office?
Instead, it reported to regulators that he had "failed to properly escalate" the problem.
On August 15 the last James Bond-style "missile" train is, it reported, to be withdrawn from service.
As for Independence, it reported to the Securities and Exchange Commission recently that it was making contingency plans for a potential bankruptcy filing.
During the course of the audit it then uncovered a further five cases, which it reported to the CMA.
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