As 2022 draws to a close, our annual review of board topics has two objectives – first, to act as a reminder of key matters for the reporting season, and second, to help you set the agenda for the year ahead.

We end the year with the “VUCA” acronym to describe the current business environment: volatility, uncertainty, complexity and ambiguity. Inflation caused by the continuing war in Europe, by supply chain squeezes, by climate impacts on harvests, and by labour and skills shortages is provoking a severe cost of living squeeze. This is compounded by the rapid reversal of historically low interest rates in an attempt to dampen demand and ease inflation.

These are big topics with wide ranging impacts, not only on strategy and operations, but also on corporate reporting, where investors and regulators will be looking for information about the implications for outlook and judgments. We provide an overview of changes in the regulatory reporting landscape; we explore the board’s role in digital transformation and how digital transformation can affect the workforce; in the wake of COP27 we explore climate reporting requirements; we cover new developments in taxation; current areas that are top-of-mind for remuneration committees; finally, we present the usual year end reporting reminders and expectations from the FRC.

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