Under the provisions of the Corporation Act, 2001 a large company is required to furnish a Directors’ Report.
Additional information must be added to the DB.OtherReports.DirectorsReport table for disclosure relating to principal activities, dividends paid or proposed, and directors’ benefits and other text paragraphs to be incorporated for the completion of this report.
Wording in this report will automatically update for single / multiple directors depending on the number of directors entered in DB.OtherReports.Director. Directors to be listed as signatories on the Directors’ Report should set DB.OtherReports.Director.AccountsSignatory = “Yes“.
Details regarding each director as entered in DB.OtherReports.Director are also displayed in the Directors’ Report. See Directors and partners.
For large companies, the Directors’ Report can also include a reference to the Auditor’s Independence Declaration. When this reference is required to be printed, set DB.OtherReports.AuditorsIndependenceDeclaration.AuditorsIndependenceDeclared = “Yes“.