As part of its ongoing intention to make corporate governance more robust and transparent, the government has issued the Companies (Miscellaneous Reporting) Regulations 2018 (Statutory Instrument 2018 / 860).

The main aims of the regulations are to:

•             require directors of larger companies to explain how they have satisfied the statutory requirement in s172 Companies Act 2006 (CA 2006) to ‘promote the success of the company’;

•             extend the requirement for companies to communicate their corporate governance arrangements to large private companies; and