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Directors report requirements

  • 05-02-2014 11:27PM
    #1
    v638sg7k1a92bx
    Closed Accounts Posts: 2,912 ✭✭✭


    Does anyone know where I can find the requirements for the correct disclosures to be made on the directors report for an Irish ltd company?


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    The statutory sections are S 158 Cos Act 1963 and S13 Cos Amendment Act 1986.


  • #3
    v638sg7k1a92bx
    Closed Accounts Posts: 2,912 ✭✭✭v638sg7k1a92bx


    Alan Shore wrote: »
    The statutory sections are S 158 Cos Act 1963 and S13 Cos Amendment Act 1986.

    Thanks Alan, the reason I ask is because I often see details on the directors report which is not required by company law e.g.

    Economic Risk
    Market Risk
    Financial Risk
    Political Donations

    Purely from a risk perspective, why would you put something in a directors report which is not required?


  • #4
    dbran
    Registered Users, Registered Users 2 Posts: 2,092 ✭✭✭dbran


    Mario Long Ally wrote: »
    Thanks Alan, the reason I ask is because I often see details on the directors report which is not required by company law e.g.

    Economic Risk
    Market Risk
    Financial Risk
    Political Donations

    Purely from a risk perspective, why would you put something in a directors report which is not required?

    The first three are required by company law albeit only for large companies. The fourth is required by The Electoral Act 1997. Some disclosures are made due to it being best practice but are not obligatory.

    Regards

    dbran


  • #5
    v638sg7k1a92bx
    Closed Accounts Posts: 2,912 ✭✭✭v638sg7k1a92bx


    dbran wrote: »
    The first three are required by company law albeit only for large companies. The fourth is required by The Electoral Act 1997. Some disclosures are made due to it being best practice but are not obligatory.

    Regards

    dbran

    But the sections of the co act referred to above only refer to the "review of the business"


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