An authoritative recent survey of investment analysts reveals that contrary to common belief a significant proportion of analysts use Annual Reports as their primary source of information on companies.
Institutional investors ought to be the very embodiment of best practice in their own corporate reporting given the requirement for them to adhere to the Stewardship Code in investing on behalf of their clients.
It sounds counter-intuitive. Most of what actually creates and drives the value of a company is not readily visible. The single most important factor in driving value is not an asset in the books of account.
The search for transparency in corporate reporting is fundamental to the search for certainty in investment. It is one of the enigmatic issues that Communicate’s upcoming conference on ‘Corporate Reporting, Human capital and the Intangible Asset’ will address.
It was always going to be the case that second time around companies would be bolder and more adventurous with their Strategic Reports. After all the regulator has been encouraging experimentation and innovation.
… or like a strategy, or an objective or even a business model. That is the inevitable conclusion that anyone who actually understands these things will draw from the research findings quoted by in a recent Department of Business, Innovation and Skills report.
A good holiday following the 2014 Accolades event on 2 October has afforded an excellent opportunity for reflection on the Accolades and not just on the winners but also on those who made the long and short lists for the six Accolade awards.