Formidable Directors Responsibilities Statement

22 Although the CA 2006 requires all limited companies to have directors and while a companys directors are the people who invariably take most of the decisions relating to its affairs the. The Companies Act 2015 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the group and of the company as at the end of the financial year and of the groups and companys profit or loss for that year. Directors are primarily responsible for the quality of the financial report.

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The directors are responsible for preparing the annual report and the Group and parent Company financial statements in accordance with applicable law and regulations.

Directors responsibilities statement. 51 This Statement of Good Practice is intended as a broad guide for independent directors as regards their roles duties and responsibilities. This Statement of Good Practice is issued by the Singapore Institute of Directors the SID purely as a guide for its members and with a view to raising standards of corporate governance. Statement of Directors responsibilities The Directors are responsible for preparing the Annual Report and Accounts including the consolidated financial statements and the Company financial statements and the Directors Remuneration Report in accordance with applicable law and regulations.

Directors derive their powers emanating from board resolutions. The Directors have responsibility for ensuring that the Group keeps accounting records which disclose with reasonable accuracy the financial position of the Group and which enable them to ensure that the Group financial statements comply with the Companies Act 2006 and Article 4 of the IAS Regulation. The key responsibilities of the committee are as follows.

Financial difficulty and investigations If a company is insolvent or in financial difficulty directors have additional duties. A company director need not. Statement of directors responsibilities in respect of the Annual Report and ACCOUNTS.

The Directors are responsible for preparing the Annual Report and Accounts and the Group and parent Company Financial Statements in accordance with applicable law and regulations. Being a director is a big responsibility. Company law requires the directors to prepare financial statements for each financial year.

Statement of Directors Responsibilities. -to be a shareholder or. Statement of directors responsibilities in respect of the Annual Report and the financial statements.

The Directors are responsible for preparing the Strategic Report the Directors Report the Corporate Governance Report the Directors Remuneration Report and the financial statements in accordance with applicable law and regulations. The Board of Directors of the Company including those who have delegated detailed supervision of this announcement have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement and they jointly and severally accept responsibility accordingly. Statement of directors responsibilities The directors are responsible for preparing the Annual Report and the Group and Parent Company financial statements in accordance with applicable law and regulations.

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