Guidance on assessing your strategic report.
The FRC’s Strategic Report Guidance provides considerable freedom for companies to develop their strategic report in a way that is most appropriate for their business. This guide provides a summary of key features of the Guidance, focusing on areas that most commonly represent opportunities for improvement. In the spirit of the Guidance, it is not intended to be prescriptive, nor does it attempt to provide a complete list of disclosures to suit every company.
More than any other aspect of reporting, the strategic report places the onus for good disclosure on the preparer’s assessment of the matters most relevant to an understanding of underlying business value, and their identification of the most relevant information to support shareholder’s decision making. Guidance grids have been provided for key content elements to prompt consideration of whether there are material matters to disclose. Reports shouldn’t aim to address every item on the grids.
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