Clifford Chance
Government publishes new reporting regulations for private companies
14 June 2018
On 11 June 2018, the Government published new regulations (the "Regulations") introducing new reporting requirements for private companies including:
• a requirement for all large companies (whether listed or unlisted) to include a s.172(1) Companies Act 2006 statement in their strategic report;
• a separate requirement for all large companies (whether listed or unlisted) to include information in their directors' report on how the directors have had regard to the need to foster the company's business relationships with suppliers, customers and others; and
• a requirement for all companies with more than 250 UK employees to include information in their directors' report on how the directors have engaged with employees.
The Regulations will impact a number of portfolio companies.
