PART 2Amendments to the Companies Act 2006
Insertion of section 414CZA (section 172(1) statement)4
After section 414C insert—
Section 172(1) statement414CZA
1
A strategic report for a financial year of a company must include a statement (a “section 172(1) statement”) which describes how the directors have had regard to the matters set out in section 172(1)(a) to (f) when performing their duty under section 172.
2
Subsection (1) does not apply if the company qualifies as medium-sized in relation to that financial year (see sections 465 to 467).