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Writing a new narrative

As the UK prepares to implement a new EU directive on reporting non-financial information, Nigel Sleigh-Johnson and Sarah Dunn emphasise the importance of getting the balance right.

The subject of non-financial reporting by business is firmly back in the spotlight this year as the UK government gets to work implementing into UK company law the requirements of the EU Non-Financial Reporting Directive (the directive).

While the new EU requirements do not differ significantly from the existing UK narrative reporting regime, there are some differences and – more importantly – a degree of flexibility over how the requirements can be implemented.