.gif)
Report leadership
Tomorrow's reporting today - online and expanded
Online corporate reporting
Report Leadership has recently launched an online version of the Generico report (see below) which is designed to showcase practical ways in which companies could improve online corporate reporting.
Few companies really take advantage of the strengths of the web in providing corporate reporting information to shareholders, but many want to move towards online reporting.
Recent changes in regulation now allow companies in some major markets such as the UK and US to default to electronic shareholder communications. Because of this Report Leadership has provided this practical example of effective online reporting.
Reporting of executive remuneration
The coverage of the Generico Report has recently been expanded to demonstrate how to include some important elements in the executive remuneration report.
Fundamental to a good executive remuneration report is an explanation of:
- how the executive remuneration committee has spent its time during the year
- how it has arrived at its decisions and most importantly
- how it continues to refine the alignment of executives’ and shareholders' interests.
The Generico Report
The Generico Report was designed as a blueprint to stimulate debate. It focuses on three areas of effective communication, modelling the future and rethinking the financials.
The report is split into two sections. The first describes the problems that investors see with current corporate reporting, and offers simple, practical suggestions to improve narrative and financial reporting.
The second section uses an extract from the annual report of a fictitious company, Generico, to show how these suggestions can make corporate reporting more effective and accessible.
Visit the Report Leadership website to access:
- the original and online version of the Generico report
- the Reporting Executive Remuneration Report
- a videocast from key players in the Report Leadership initiative
- Report Leadership brochures
- real life examples of Report Leadership ideas.
Report Leadership website
Report Leadership is a coalition between CIMA, PricewaterhouseCoopers and Radley Yeldar, aimed at maintaining the health and relevance of corporate reporting. The group came together to develop simple, practical ways to improve narrative and financial reporting.
Next steps
The group is keen to stimulate discussion and receive feedback to inform its future work. If you would like to contribute your views to the debate you can do so using the contact form on the Report Leadership website.If you would like to be informed of developments in Report Leadership, please e-mail tis@cimaglobal.com quoting Report Leadership update in the subject.
