News items on s172 reporting

In its Annual Review of Corporate Reporting 2022/23, the Financial Reporting Council (FRC) noted that several companies, including large private companies, did not produce a section 172 statement which is a requirement for all companies except those that qualify as small or medium-sized.  A Financial Reporting Lab report sets out what investors are looking for in this area and how companies can improve their reporting to better meet investor needs.  

The FRC has previously published a set of tips which year-end reporters will also find useful when considering what content to include in a Section 172 statement, how to present it and how to facilitate the process of preparing the statement.  

This page includes all of our news on s172.

Related news

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Government to set new legislation to take forward its corporate governance reforms

30 Aug, 2017

The Government has set out its plans to move forward with its corporate governance reforms following its Green Paper issued last November and also the BEIS Select Committee inquiry into corporate governance which reported in April 2017.

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FRC proposes amendments to its Guidance on the Strategic Report

15 Aug, 2017

The Financial Reporting Council (FRC) has today published, for consultation, amendments to its ‘Guidance on the Strategic Report’ ("the Guidance").The Guidance remains non-mandatory with a view to encouraging best practice.

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BEIS Select Committee publishes its report on corporate governance

06 Apr, 2017

The Business, Energy and Industrial Strategy (BEIS) Select Committee has published its report following its inquiry and consultation on corporate governance launched in September 2016, recommending that action must be taken to address a lack of trust in business. Whilst the findings of the Select Committee are not binding on the Government, the proposals laid out in this report may be taken into consideration in any subsequent White Paper on Corporate Governance Reform.

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The Bruce Column — Recognising the global nature of corporate governance

09 Mar, 2017

Corporate governance has grown steadily in influence. But, reports our regular resident commentator, Robert Bruce, pressure is growing for that expanding influence and global importance to be recognised and reinforced more effectively.

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BEIS issues Green Paper on Corporate Governance

29 Nov, 2016

The Department for Business, Energy & Industrial Strategy (BEIS) has issued a Green Paper seeking views on how to improve the UK corporate governance framework and setting out options for updating the framework and reforming executive remuneration. The consultation closes on 17th February 2017.

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FRC publishes Guidance on the Strategic Report

09 Jun, 2014

As a first step in the Financial Reporting Council’s (FRC) new programme of work to promote clear and concise reporting, it has published Guidance on the Strategic Report, a comprehensive publication designed to help companies prepare a strategic report that meets both the requirements of the law and the needs of shareholders "the Guidance").

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