- directors' report
Under Section 23A and 235 Companies Act 1985, for each financial year the directors are obliged to prepare a directors' report, usually contained in the statutory accounts, containing a review of the business, stating whether dividends are to be paid, and if so how much, or how much is to be carried to reserves. Details of the directors holding office during the year and a number of other matters (Schedule 7 Companies Act 1985) must also be set out. It is to be approved, signed and laid before the AGM and filed at the Companies Registry.
Easyform Glossary of Law Terms. — UK law terms.
- directors' report
Part of the annual report of a company. A report by the company directors giving a fair review of the development of the business and its subsidiary undertakings during the financial year and of their position at the end of it, the amount of any dividend recommended, the names of the directors, the principal activities of the company and its subsidiaries and certain other disclosures required by the Companies Act 1985. All limited companies must prepare a directors' report for each financial year (section 234, Companies Act 1985).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
Directors' Report — Part of a company s annual report. It is a legal requirement that the directors write a report summarising the company s performance over the year, its future prospects and with certain other required disclosures. Dresdner Kleinwort Wasserstein… … Financial and business terms
directors’ report — An annual report from a *board of directors to an organization’s *stockholders and other *stakeholders. Directors’ reports normally accompany annual *financial statements, which they are intended to amplify and interpret. Under most systems of… … Auditor's dictionary
directors' report — An annual report by the directors of a company to its shareholders, which forms parts of the accounts required to be filed with the Registrar of Companies under the Companies Act (1985). The information that must be given includes the principal… … Accounting dictionary
directors' report — An annual report by the directors of a company to its shareholders, which forms parts of the accounts required to be filed with the Registrar of Companies under the Companies Act (1985). The information that must be given includes the principal… … Big dictionary of business and management
directors’ report — /daɪˌrektəz rɪ pɔ:t/ noun the annual report from the board of directors to the shareholders … Marketing dictionary in english
directors’ report — /daɪˌrektəz rɪ pɔ:t/ noun the annual report from the board of directors to the shareholders … Dictionary of banking and finance
report — Written or oral confirmation that all or part of one s order has been executed, including the price and size parameters of the trade being reported; often followed by a fresh picture. Bloomberg Financial Dictionary A premium on carrying over a… … Financial and business terms
report of the directors — See directors report … Big dictionary of business and management
Directors' duties in the United Kingdom — bind anybody who is formally appointed to the board of directors of a UK company. Contents 1 Scope 2 Duty to act for proper purposes 3 Duty of care 4 … Wikipedia
report — re·port 1 n: a usu. detailed account or statement: as a: an account or statement of the facts of a case heard and of the decision and opinion of the court or of a quasi judicial tribunal determining the case b: a written submission of a question… … Law dictionary