Section 172 Statements Under the Microscope

Introduction

This webinar will examine section 172 statements in detail and provide everything you should know before writing your annual report.

The Companies (Miscellaneous Reporting) Regulations 2018 brought in a requirement for ‘large’ (and certain ‘medium-sized’) companies to publish a standalone statement in the strategic report explaining how the directors have had regard to the matters set out in s.172 Companies Act 2006. The first compulsory reporting appeared in 2020.

This webinar provides a detailed review of the relevant legislation, regulation and guidance with the aim of assisting delegates to prepare such statements for the annual report. If you are involved in drafting annual reports or are a company director or other corporate professional, such as an accountant or company secretary, who may wish to understand the legislative requirements in more detail, then this webinar is for you.

What You Will Learn

This webinar will cover the following:

• What is section 172 Companies Act 2006 and what does it mean?
• The background to the regulations
• Scope of the reporting requirements under The Companies (Miscellaneous Reporting) Regulations 2018, including:
• The Strategic Report section 172 statement
• The Directors’ Report Employee Engagement statement
• The Directors’ Report Engagement with ‘Suppliers, Customers and Others’ statement
• Who falls within scope of the regulations
• The 5-step stakeholder process to support a section 172 statement:
• Identification of stakeholders
• Prioritisation of key stakeholders
• Engagement mechanisms
• Impact on board decision-making
• Feedback to stakeholders
• Practical suggestions throughout together with reference to useful guidance and drafting tips including from BEIS, GC100, FRC and Chartered Governance Institute

This pre-recorded webinar will be available to view from Friday 7th March 2025

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