Section 134
of Securities Markets Order, 2013
Section 134
(2)
The annual report required in subsection (1) shall contain all material information relating to the financial condition and operating performance of the company in the period to which it relates as well as its future development and prospects including but not limited to-
{a}
the financial and operating results of the company;
{b)
company objectives;
{c)
major share ownership and a description of voting rights;
{d)
remuneration policy for members of the board and key executives, and information about members of board, including their qualifications, the selection process, other company directorships and whether they are regarded as independent by the board;
{e)
related party transactions;
If} foreseeable risk factors;
{g)
issues regarding employees and other stakeholders; and
{h)
governance structures and policies, in particular, the content of any corporate governance code or policy and the policy and the process by which it is implemented.
(3)
The company shall ensure that its annual financial statements give a true and fair view of its financial position as at the end of its financial year.
(4)
The company shall ensure that its financial statements are audited by an auditor that is independent of the company and who may be designated as providing audit services by way of a list published by the Authority.
(5)
The company shall ensure-
1339
(a)
that the company's financial statements shall contain a statement as to whether the company's financial statements are in accordance with
International Financial Reporting Standards; and
(b)
that International Financial Reporting Standards are applied consistently in the preparation of the company's financial statements except where there are reasonable grounds for a change in which case the reasons for such change shall be disclosed in the financial statements.
(6)
The company shall keep such accounting records and documents as are necessary in order that the financial statements comply with the regulations made by the Authority.
(7)
The company shall disclose to the public an interim report in a timely manner which shall contain all material information relating to the financial condition and operating performance of the company in the period to which it relates as well as its future development and prospects in accordance with subsection (2)(a) to {h).
Disclosure of price sensitive information.