The purpose of this report is to provide guidance for those individuals at portfolio companies who are responsible for preparing the Annual Report and financial statements, and to provide
some examples of good and excellent practice for each of the Walker Guidelines.
Non-financial reporting is an increasingly important element of the Annual Report and statutory or regulatory changes are bringing more companies into scope for enhanced disclosure. Recent changes impacting large private companies, which will likely include a number of portfolio companies include the requirement for reporting on governance frameworks, reporting underthe Task Force on Climate-related Financial Disclosures (“TCFD”) and also stakeholder focus on the impact that companies have on the wider communities they operate in. Portfolio companies have the opportunity to be ahead of the game through making a more full-hearted attempt to comply with the Walker Guidelines, which provide a strong foundation for the
increased disclosures required.
Published 20 February 2023
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