UK: corporate governance statements

A revised draft of the Companies Act 2006 (Accounts, Reports and Audit) Regulations 2009 has been published today on the OPSI website. An explanatory memorandum is available here. The Regulations replace those published earlier this year and concern, inter alia, corporate governance statements which are not included as part of the directors' report (so-called separate corporate governance statements). They will amend Part 15 ("Accounts and Reports) and Part 16 ("Audit") of the Companies Act (2006) to require the filing of separate corporate governance statements with the registrar of companies. They also set out the auditor's obligations with regard to the statement.