The report has a number of practical features, including:
- an updated ‘acid test’ covering the key questions a reader should be able to answer after reading each section of an ARA
- interviews with the Financial Reporting Lab, the UK Shareholders’ Association, Invesco Perpetual, Old Mutual Global Investors and Aviva
- case studies highlighting companies with leading practice reporting in certain areas.
Following the report’s publication our webcast discussed the content and provided preparers with practical ideas for how to improve their next annual reports.
The webcast was attended by participants from FTSE 350 companies as well as a number of other significant UK and international listed and private entities, investors and regulators.
Our live opinion polls gained an understanding of participant views. Here are some highlights:
Levels of ambition on annual reporting?
Annual reports are coming under scrutiny as many have started to question its ongoing relevance in a digital world, so we decided to ask preparers what approach they take to annual reporting. While companies we speak to often mention lack of engagement from investors on the annual report, investors we speak to still cite its usefulness as a comprehensive source of information.
What is your company’s philosophy on annual reporting?
A. We aim to be best in class
B. We aim to be middle of the pack
C. We do the minimum necessary to comply with requirements
D. Don’t know