Companies had raised serious concerns about the additional red tape that the proposed reporting obligations would require.

By Mark Austin, Chris Horton, James Inness, Anna Ngo, and Johannes Poon

On 16 October 2023, the UK government withdrew the draft Companies (Strategic Report and Directors’ Report) (Amendment) Regulations.

The regulations, which formed part of the wider proposals to reform the UK audit and corporate governance regulatory landscape, were laid in Parliament on 19 July 2023. They…