The Quoted Companies Alliance Corporate Governance and Financial Reporting Committees submitted a response to the Department for Business Innovation & Skills consultation paper on the future of narrative reporting. The Quoted Companies Alliance explored the proposed reporting framework must allow directors to report in a non-prescriptive way, so that investors can decide for themselves and use the means of presentation in the Strategic and Annual Director's Report to understand the board's thinking and attitude towards corporate governance. The Quoted Companies Alliance also expressed their concerns that a number of the proposals have been drawn up because of activities that have occurred in some of the largest companies in the UK, especially those within the financial sector.
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