ICAEW.com works better with JavaScript enabled.

This is exclusive content

Engaging stakeholders

Amanda Swaffield highlights the focus on company stakeholders in new narrative reporting requirements.

The Companies (Miscellaneous Reporting) Regulations 2018 (Miscellaneous Regulations) introduced various new requirements, listed below, for periods commencing on or after 1 January 2019. The scope of these requirements and which companies they affect, also summarised below, is not straightforward and needs careful study – it’s not just quoted companies!

1. Large’ and ‘ineligible medium sized’ companies (as defined in the Companies Act), including subsidiaries, need to include a section 172(1) statement in the strategic report detailing how directors have complied with their duty under s172 of the Companies Act, and publish it on a website.