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statement as to whether or not they  complied



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F1 BPP ST(August 2020) [Unlocked by www.freemypdf.com] (1)

statement
as to whether or not they 
complied
throughout the accounting period with the 
provisions
set out in the UK Corporate Governance Code (FRC, 2018). Listed companies that did 
not comply throughout the accounting period with all the provisions must specify the provisions 
with which they did not comply, and give reasons for non-compliance. 
The corporate governance reports also suggest that the directors should 
explain
their 
responsibility for 
preparing accounts
. They should 
report that the business is a going concern
, with supporting 
assumptions and qualifications as necessary.
In addition, further statements may be required depending on the jurisdiction, such as: 
(a) 
Information about the 
board of directors
: the composition of the board in the year, information 
about the independence of the non-executives, frequency of and attendance at board meetings
and how the board's performance has been evaluated.
(b) 
Brief report on the 
remuneration, audit and nomination committees
covering terms of reference, 
composition and frequency of meetings 
(c) Information 
about 
relations with auditors
including reasons for change and steps taken to ensure 
auditor objectivity and independence when non-audit services have been provided
 
(d) 
A statement that the directors have reviewed the 
effectiveness
of 
internal controls
, including risk 
management 
(e) 
A statement on relations and 
dialogue with shareholders
(f) 
A statement that the company is a 
going concern 
(g) 
Sustainability reporting
including the nature and extent of social, transformation, ethical, safety, 
health and environmental management policies and practices

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