A report from management to the shareholders that accompanies the firm's financial statements in the annual report . This report explains the period's financial results and enables management to discuss other ideas that may not be apparent in the financial statements in the annual report.
MANAGEMENT'S DISCUSSION
Meaning of MANAGEMENT'S DISCUSSION in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012