FRC publishes report on Section 172 statements

The Financial Reporting (FRC) Lab has published its latest overview on reporting on stakeholders’ decisions, and Section 172 statements which outlines what investors want to see reported in these areas and provides examples from current reporting practice

The report, which is split into three sections, builds on the tips on Companies Act 2006 section 172 statements published in October 2020 and after speaking to multiple investors, highlights the importance that information on stakeholders and decisions has on helping investors understand how a firm is working to achieve long term success and fulfilling its purpose.

It particularly highlights how section 172 statements can be a bridge between the two types of information.

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