Transcription of The section 172 statement
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The section 172 statement
1 2019 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. The section 172 statementKPMG Better Business ReportingStrategic Reports must include a section 172 statement for periods commencing on or after 1 January 2019. The statement must explain how the directors have had regard to the enlightened shareholder value requirements of s172 in performing their duties. All large companies, including subsidiaries must make the statement . Directors section 172 statementSection172 deals with the directors duty to promote the success of the company for the benefit of shareholders as a whole, having regard to a number of broader matters including the likely consequence of decisions for the long term, the need to act fairly between members of the company, and the company s wider relationships.
owned), minority or dissenting shareholder groups. Other considerations. Parent and subsidiary company statements The s172 statement is made at a company, not a group level. However, a parent company’s success will depend on the success of its subsidiaries, and therefore it will generally be appropriate to address
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