JAMAICA Law and Practice Contributed by: M. Georgia Gibson Henlin, Henlin Gibson Henlin
and internal control systems. This includes dis - closure in the annual report in a separate seg - ment – Management Discussion and Analysis (MD&A). The MD&A should cover: • liquidity and capital resources; • effect of any transactions involving related parties; • present and future prospects of the company. The MD&A should entail in detail the method by which they have assessed the prospects of the company, over what period they have done so and why they consider that period appropri - ate. The directors should declare whether they have a reasonable expectation that the company will be able to continue in operation and meet its liabilities as they fall due over the period of assessment. Also, the board of directors must monitor the company’s risk management and internal control system and carry out a review of their effectiveness annually. • results of operations; • risk management; and
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