Meaning of “chairman's statement” in the English Dictionary

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"chairman's statement" in Business English

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chairman's statementnoun [ C ]

uk us ACCOUNTING, FINANCE

a report by a company's chairman once a year that gives information to shareholders about the company's performance during the past year:

In his chairman's statement he stated that the group had had a difficult year in adverse trading conditions.

(Definition of “chairman's statement” from the Cambridge Business English Dictionary © Cambridge University Press)