[(1) The purpose of the strategic report is to inform members of the company and help them assess how the directors have performed their duty under section 172 (duty to promote the success of the company).
(2) The strategic report must contain—
(a) a fair review of the company's business, and
(b) a description of the principal risks and uncertainties facing the company.
[Section 414CZA (section 172(1) statement) and sections 414CA and 414CB (non-financial information statement) make further provision about the contents of a strategic report.]
(3) The review required is a balanced and comprehensive analysis of—
(a) the development and performance of the company's business during the financial year, and
(b) the position of the company's business at the end of that year,
consistent with the size and complexity of the business.
(4) The review must, to the extent necessary for an understanding of the development, performance or position of the company's business, include—
(a) analysis using financial key performance indicators, and
(b) where appropriate, analysis using other key performance indicators, including information relating to environmental matters and employee matters.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234