The FRC’s revised strategic report guidance takes into account new director and company duties regarding promoting success, while considering the broader impact of their actions.
Paul George, FRC. Photo: FRC
Revised guidance has been issued by the financial reporting watchdog on the strategic report, in a bid to encourage companies to “consider wider stakeholders and broader matters” impacting performance over the long term.
The near-100-page guidance from the Financial Reporting Council (FRC) makes improvements to detail concerning non-financial reporting—without ditching the key principles of existing guidance.
“The FRC believes that the integration of non-financial information into the strategic report is a key part of telling a company’s story,” it said.
A key part of the new guidance is the inclusion of information about
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