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Richard Sharman
Tel: 0207 311 8228
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Additional Disclosure Requirements For Quoted Companies


In the case of a quoted company the business review must, to the extent necessary for an understanding of the development, performance or position of the company’s business, include:

A. The main trends and factors likely to affect the future development performance and position of the company’s position
B. Information about:
  1. environmental matters (including the impact of the company’s business on the environment)
  2. the company’s employees and
  3. social and community issues
including information about any policy of the company in relation to those matters and the effectiveness of those policies and
C. Subject to sub-section (11), information about persons with whom the company has contractual or other arrangements which are essential to the business of the company
  1.    Nothing in this section requires the disclosure of information about impending developments or matters in the course of negotiation if a disclosure would, in the opinion of the Directive be seriously prejudicial to the interests of the company
  2.    Nothing in sub-section (5)(c) requires the disclosure of information about a person if the disclosure would, in the opinion of the directors, be seriously prejudicial to that person and contrary to the public interest

 

Note that these requirements form part of The Companies Act 2006 and are likely to apply to accounting periods beginning on or after 1 october 2008.  The DTI has stated that it will consult on more detailed implementation plans in February 2007. 

Business Review Team Contacts:

Richard Sharman Partner 0207 311 8228
Andrew Fields Principal Advisor 0207 694 3282

For further information about our services, or if you would like one of our professionals to contact you, please Contact Us.

 

 

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