UK: separate corporate governance statements and the Companies Act 2006 (Accounts, Reports and Audit) Regulations 2009

A draft copy of the Companies Act 2006 (Accounts, Reports and Audit) Regulations 2009 has been published on the OPSI website. The Regulations will, inter alia, insert new sections into the Companies Act 2006 with regard to corporate governance statements which are not included as part of the directors' report (so-called separate corporate governance statements). These new sections will require the filing of the separate corporate governance statement with the registrar of companies and they also set out the auditor's obligations with regard to the statement. Update (16 February 2009): an explanatory memorandum has been published on OPSI - see here.