Showing the way forward - Building Public Trust 2012
Last night we held our 10th Annual Building Public Trust dinner at The Dorchester Hotel here in London.
The event was attended by a prestigious list of guests from the business and investment communities together with politicians, regulators and representatives from the public sector. The audience was testimony to the importance attached to the role that an open accountable corporate regulatory can play in restoring and rebuilding public trust.
The dinner marked a decade of building public trust awards. When one looks back it is striking just how novel the idea of rebuilding trust was. Trust has arguably never been in shorter supply nor more desperately needed than now. Ian Powell, PwC’s Chairman and senior partner, gave a very frank and thought provoking speech about the back-drop of turbulent financial markets and depressed consumer confidence and I will share Ian’s speech with you in full in the near future. It was also an opportunity to celebrate those organisations that have excelled in their external reporting. Four awards were presented covering the FTSE 100, FTSE 250, public sector and to celebrate the 10th year of BPT we added an additional award, Towards Integrated Reporting 10th Year Anniversary International Award. And it gives me great pleasure to congratulate Fresnillo plc the winner of the FTSE 100 Award, Shanks Group plc for winning the FTSE 250 Award, Defence Science and Technology Laboratory for winning the Public Sector Award and Potash Corporation for winning the International Award Towards Integrated Reporting.
I have personally been impressed with just how fast some companies are making changes that make a real difference to investors understanding of their business. It is clear that improvements in the quality of reporting is not just a UK phenomenon with many companies around the world realising benefits from looking carefully at the information needs of their boards and their many and diverse stakeholders. And on this note I wish you good luck for the next reporting season.
So with my thanks and bye for now.