Directors’ Compliance Statement

Companies Act 2014, which came into effect on 1 June 2015, imposes a new compliance requirement on company directors.

What companies are affected?When does this requirement begin?What are the relevant obligations?And what are the things that need to be done?

The requirement can be simply stated – directors must include a statement in their Directors’ Report that:

  • acknowledges responsibility for securing compliance with the relevant obligations, and
  • confirms that certain things have been done, or provides explanations as to why those things have not been done

To the right, you can download an infographic that illustrates the essential aspects of the Directors' Compliance Statement, and a PDF that outlines the new requirement and how PwC can help directors to discharge their compliance responsibilities. Below, you can watch the video in which our specialists discuss the requirements and their implications for companies and their directors.

Directors’ Compliance Statement: It’s your responsibility

Our experts in tax, governance and assurance discuss the relevant provisions of Companies Act 2014, outlining the obligations imposed and the actions needed to ensure compliance.