The Companies (Summary Financial Statement) Regulations 2008 provides that The summary financial statement ...must include a statement in a prominent position to the effect that the summary financial statement does not contain sufficient information to allow as full an understanding of . . . their policies and arrangements concerning directors’ remuneration

(where appropriate) as would be provided by the full annual accounts and reports, and that persons specified in regulation 3 requiring more detailed information have the right to obtain, free of charge, a copy of the company’s last full accounts and reports.

Discuss the possible effect of reduced disclosure on shareholders’ understanding of the matters they are voting on at the AGM.