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New measures to 'simplify and strengthen' company reporting

Posted: 15th July 2013   In: Corporate Commercial

The Government is introducing new measures which it says will both simplify and strengthen company reporting.

The reforms mean that annual reports will include additional information on human rights issues, gender representation across the company and disclosures on greenhouse gas emissions. Ministers say the changes are designed to address concerns that reports from public listed companies have become bogged down in corporate jargon and are sometimes confusing for readers.

Business Minister Jo Swinson said: “In order for shareholders to fully hold a company to account they need to have the right information to hand. Annual reports are a key tool for shareholders to get a good understanding as to how a company is performing, but they need to be produced in an open and transparent way.

“This helps build the trust and confidence that shareholders, and the wider public, need to have in our top companies. By including additional information on human rights, gender representation and greenhouse gases, these changes can only strengthen that level of trust.”

The main changes to the regulations include:

Please contact Jon Alvarez if you would like more information about the issues raised in this article or any aspect of company law.

Posted by: Jon Alvarez
Corporate Commercial
Luton Office