Frequently Asked Questions
What is a Director’s Report?
A Director’s Report is a statutory document that forms part of a company’s financial statements. It provides an overview of the company’s financial performance, principal activities, and compliance with statutory obligations, as well as disclosures on directors’ interests and dividends.
Who is responsible for preparing the Director’s Report?
The directors of the company are responsible for preparing the Director’s Report. However, many companies engage professional service providers to draft and review the report to ensure compliance and accuracy.
What should be included in a Director’s Report?
A Director’s Report should include information on the company’s principal activities, financial performance, dividends, directors’ interests in shares, and any significant changes in the company’s affairs. It must comply with the requirements of the Companies Act of Singapore.
When is the Director’s Report due?
The Director’s Report must be included in your company’s annual financial statements, which are typically due for filing with ACRA within six months of your financial year-end.
Can you assist with specific sections of the Director’s Report?
Yes, we can assist with drafting and reviewing specific sections of the Director’s Report, such as the financial review, risk management, or directors’ interests. Our services are flexible to meet your specific needs.
