Well yes! According to the CPA
“The directors’ report of a listed company has an important role in meeting the information needs of shareholders. While company’s financial report provides useful information about financial position and performance, it will rarely provide all of the information needed to readily assess the company’s financial position and to appreciate the underlying reasons for the entity’s results.
It will also provide little, if any, information about business strategies and prospects relevant to future financial performance.
The directors’ report contains information that shareholders of the company would reasonably require to make an informed assessment of:
• the operations of the company reported on
• the financial position of that company
• the business strategies of that company and its
prospects for future financial years (unless their inclusion would be unreasonably prejudicial)”
https://www.cpaaustralia.com.au/~/m...g/guide-to-understanding-annual-reporting.pdf
