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Financial Reporting Lab calls for participants in a new Lab project: reporting on stakeholders and Section 172 disclosures

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13 Jul 2020

The Financial Reporting Lab has called on investors and companies to participate in a new project on corporate disclosures on stakeholders, including statements in response to Section 172 of the Companies Act.

The project will seek to identify how information about stakeholders can be reported most effectively by examining existing practice and understanding investors' needs in this area.  Of particular interest will be reporting on other stakeholders including customers and suppliers.

The scope of the project will:

  • focus on communications targeted towards shareholders but which may be of use to other stakeholders;
  • explore companies’ approach to reporting about stakeholders, including how stakeholders’ views are gathered and the communication channels used;
  • investigate how companies report on the decisions they are taking in relation to customers, employees, suppliers and the environment in which they operate, including difficult decisions in light of COVID-19;
  • discuss which areas of reporting are most challenging for companies;
  • consider the extent to which lessons can be learnt from emerging international reporting practice; and
  • highlight interesting examples from current reporting practice (across both Section 172 statements and wider reporting).

A press release and further information are available on the FRC website.

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