HR needs to act now on OFR, says Watson Wyatt

HR teams at quoted companies should begin preparations now for the introduction of the Operating and Financial Review (OFR), according to Watson Wyatt.

The OFR is a new Companies Act requirement for companies to produce a forward-looking analysis of their business, including information about people management. Draft regulations to implement the OFR were laid before Parliament in January and, while subject to debate in Parliament, are expected to apply for accounting periods beginning on or after 1 April this year.

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