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Government publishes guidance for directors of quoted firms

The Government's Operating Financial Review Working Group today published guidance for company directorsproducing Operating and Financial Reviews, which will be a requirement for all UK quoted companies from the beginning of 2005.

The introduction of a mandatory OFR was a key recommendation of the Company Law Review. It was endorsed in the Government's White Paper "Modernising Company Law" and in the summer of 2003 the

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