Governance in brief — New 2019 reporting requirements for large private companies - a reminder
Published on:
17 Oct, 2019
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Four new governance-related reporting requirements for large private companies will be required (subject to size criteria) in annual reports for periods commencing on or after 1 January 2019:
- Section 172(1) statement
- Statement of corporate governance arrangements
- Employee engagement
- Business relationships
The reach of these new requirements is considerable and there is no exemption for subsidiary companies. Very large private companies will be undertaking most of these activities already but for companies at the lower end of the scoping criteria, more attention and effort will be required.
