In 2020, we will start to see private UK companies including the new corporate governance and reporting regulations of The Companies (Miscellaneous Reporting) Regulations 2018 in their annual reports. The annual reports of large UK companies, including UK subsidiaries of overseas companies, for financial years starting on or after 1 January 2019 will need to explain how corporate governance arrangements have been applied, directors have fulfilled their statutory duties, and employees and stakeholders have been engaged by the company.

Please see below a summary of the key new provisions and to which types of company they apply.