The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 state that “The purpose of the strategic report is to inform members of the company and help them assess how the directors have performed their duty under section 172 (duty to promote the success of the company).”
The Perendie platform® provides an organisation with a comprehensive view of every outcome it needs to prosper in future and the relationships between them, how they should be measured, what risks will prevent their delivery, and what activities and resources are required to deliver them.
It automatically shows what everyone’s doing and what’s likely to happen, enabling and motivating people to collaborate, reducing risk through early warning of problems, removing the effort of manual data collection and collation. Consequently it meets the requirements of the Regulations more economically and efficiently than is possible by traditional means.
The Regulations require primarily retrospective information which doesn’t tell members of the company whether the company is likely to be successful in future. By analysing, recording and using the causal relationships between outcomes, activities and resources, the platform predicts the likelihood of the company’s continuing to be a going concern; and it makes the information transparently visible to all members of the company.