ICSA has published its guidance note on a contents list for the annual report of a UK company.
In May 2014 ICSA, at the request of the Department of Business, Skills and Innovation (BIS), issued a consultation on what the contents of the annual reports of a UK company should be (excluding the contents of the financial statements). The consultation closed on 30 May 2014 and, having considered the comments received, ICSA has now published its guidance note. There are relatively few amendments from the May 2014 version although the guidance note has been updated to reflect the new version of the UK Corporate Governance Code which came into effect on 1 October 2014.
The guidance is aimed at those preparing the annual report and, while primarily intended for UK quoted companies, it is designed to be useful for all companies. The guidance is intended to be an indicative framework only and is not intended to be a complete list of all legal and regulatory requirements. The source references for the content provisions are included, however, which makes the note particularly helpful.
The guidance note can be found here.