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Further to my earlier blog, I thought you would be interested in the following articles 'Watchdog criticises cluttered and vague annual reports' and 'Regulation stifles good corporate communication'.
As always I am pleased to hear your views and comments on the postings, and to take questions about corporate reporting.
David
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Dear David Phillips,
The Company should revamp the reporting culture to embed principle around what information our users/shareholders need to enable them to get bigger picture of organisation. I understand your observation as regulations always consider to be compliance / box ticking exercise. But from regulators perspective you need to acknowledge that companies aren't doing enough in their reporting and that is where regulators jump in to mandate the disclosures or elicit the information which management aren't willing to tell the users/ shareholders.
Until the reporting culture evolve to the extent where management do really understand the critciality of reporting, the regulators always comeback to get them on track. I believe it corporate culture aroung reporting to be blamed instead of regulator whose primary job is to regularize the reporting / functioning of the corporate.
Looking forward for your valued comments on this.
Posted by: Muhammadd Ali | 02 November 2009 at 17:33