All companies, except small companies and micro-entities, must prepare a strategic report in accordance with s414A of the Companies Act 2006 (CA 2006).
The purpose of a strategic report is to inform shareholders and help them assess how the directors of a company have performed their duty (in accordance with s172 of CA 2006) to promote the success of the company for the benefit of its members as a whole.
The strategic report should reflect the directors’ view of the company – often this is expressed as the company ‘telling its story’. It should clearly communicate information that is material to shareholders in a way that is easy to digest and navigate by readers.
Continue reading
This content is not freely available. To access 'The strategic report and how to prepare one' you need to be one of the following:
Financial Reporting Faculty subscriber
With several new IFRSs and a new UK GAAP regime in the pipeline, keeping up-to-date has never been more of a challenge. Being a Financial Reporting Faculty member can save you time and keep you on the path to success.
Free access to Company Reporting's CR Service and unlimited access to the IASB's eIFRS service (normally £218 pa).
The full benefit of our bespoke UK GAAP and IFRS standards trackers.