The Government has issued a consultation on the requirement from 1
October 2013 for quoted companies to produce a "strategic report", which will
have to include details of the number of men and women on their board, in senior
executive positions and in the organisation as a whole.
The consultation sets out the draft Companies Act 2006 (Strategic
Report and Directors' Report) Regulations 2013, which will implement some of the
proposals in the Government's previous consultations on the future of narrative
The Regulations, which are expected to come into force on 1
October 2013, will require quoted companies to produce a "strategic report",
with the abolition of the business review required by the Companies Act 2006,
which currently forms part of the directors' report.
Quoted companies (those incorporated in the UK and listed on
certain UK, EU or US markets) will be required to report, to the extent
necessary for an understanding of the business, on their strategy, their
business model, and any human rights issues. Quoted companies will also be
asked to report on the number of men and women on their board, in executive
committees and in the organisation as a whole.
The closing date for responses to the consultation is 15
Government consults on company
reporting and executive pay Read the Government's previous proposals to
reform the reporting requirements for companies to provide information for
investors on performance and pay.