Revised Guidance for the Strategic Report

Revised Guidance on the Strategic Report has today been published by the FRC.  

Encouraging consideration of wider stakeholders and broader matters that impact longer-term performance, the revised guidance also recognises the increasing importance of non-financial information to telling a company's story.

The 2018 Guidance complements new legislation, applicable to large companies from 1 January 2019, that introduces specific reporting requirements on how directors have had regard to broader matters when performing their duty to promote the success of the company under s172 of the Companies Act 2006.

The FRC's press release can be found here.