Paragraph 26 F1

(1)

The directors’ report must include a statement (a “statement of corporate governance arrangements”) which states—

(a)

which corporate governance code, if any, the company applied in the financial year,

(b)

how the company applied any corporate governance code reported under sub-paragraph (a), and

(c)

if the company departed from any corporate governance code reported under sub-paragraph (a), the respects in which it did so, and its reasons for so departing.

(2)

If the company has not applied any corporate governance code for the financial year, the statement of corporate governance arrangements must explain the reasons for that decision, and explain what arrangements for corporate governance were applied for that year.

Annotations

Textual amendments

F1: Sch. 7 Pt. 8 inserted (with application in accordance with reg. 1(4) of the amending S.I.) by The Companies (Miscellaneous Reporting) Regulations 2018 (S.I. 2018/860), regs. 1(1), 14