Companies Act 2014, which came into effect on 1 June 2015, imposes a new compliance requirement on company directors.
The requirement can be simply stated – directors must include a statement in their Directors’ Report that:
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.
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.