Directors report,

Definition of Directors report:

1. In the UK and commonwealth countries, the part of a large firms annual report package that (among other items of information) states (1) names of directors that served during the reporting year, (2) summary of the firms trading activities and its future prospects, (3) principal activities of the firm and its subsidiaries, and any changes therein, (4) recommended dividend for the reporting year, (5) post-balance sheet date events that may materially affect the firms finances, and (6) significant changes in the value of fixed assets. Called Form 10-k in the US, a directors report must be independently audited like the accompanying financial statements.