I believe it is natural at Reuters for us to ask this question. We ourselves are governed in our daily news coverage by Reuters Trust Principles, our equivalent to a constitution, which guarantees independence from pressures by government, shareholders, institutions or other interest groups. We know that One of the Best ways to ensure independence is to scrutinise ourselves and to accept the scrutiny of others. The recently announced plans to create the Reuters Institute for the Study of Journalism at Oxford University flow naturally from this belief. In an initiative funded with £1.75m over Five years by the Reuters Foundation, our charitable arm, the aim is to establish a research centre of excellence in the study of journalism in all its forms. The Institute will be an integral part of Oxford University's Department of Politics and International Relations and will be based at Green College, bringing journalism formally within the university's field of academic study for the first time.
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