Which document is NOT required during the formation of a company?

During the formation of a company, various documents are required to establish its legal existence and operational framework. Among these, the memorandum of association is fundamental because it outlines the company's structure and purpose. The certificate of incorporation is equally crucial, as it serves as official confirmation that the company has been registered and is now a legal entity. The statement of proposed officers is also a necessary part of the incorporation process, as it details who will be serving as the company's officers and their responsibilities.

In contrast, a director's report is not a requirement during the initial formation of a company. This document is typically generated after the company has been incorporated and operates to provide shareholders with insights about the company's performance, governance, and future strategies. Therefore, it is not necessary to have a director's report included in the documentation at the point of formation, making it the correct answer to this question.