https://padlet.com/sbsgc/v7uw5nnwne897ci9 Is CR, in its current state, useful? en-us 2020-11-24 08:42:06 UTC 2021-11-15 06:07:02 UTC hello@padlet.com https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955561912 Annual reports are on average too long, and needs to give concise information. Deloitte reported that the average length was 185 pages, increasing another 13 pages due to increased narrative, remuneration disclosure and accounting policy. To improve this, additional cross referencing or signposting can be included to other reports and reduce the length. This, too, could reduce the costs to create the reports as there will be less content within it.]]> 2020-11-24 09:57:07 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955561912 https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955567626 Annual reports have complexity of accounting standard and the legal requirements. So annual reports should give a clear prominents statement of their purpose beyond making profit for shareholders. In terms of APMs need to represent on additional columns clearly. 

]]> 2020-11-24 09:59:30 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955567626 https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955572153 Too large a focus on results from the year, rather than the outlook to the future - ie shareholders want to know what the future of the company looks like - strategy etc. Companies see ARs as a 'tick-box exercise' (Hans Hoogervorst, 2017), and so will concentrate on what they need to include from the past year rather than focusing on what they need for the future. Companies should look to concentrate on strategic reporting, though this will increase the length of reports. Another option could be to increase the number of reports (ie quarterly), though this could lead to short-termism. FRC could look towards splitting out the reports - financial statements and public interest report - future outlook will essentially have its own report. ]]> 2020-11-24 10:01:22 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955572153 https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955583461 From Deloitte 2018, only 6% provided diversity metrics regarding employees]]> 2020-11-24 10:05:59 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955583461 https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955603025 Unclear as to who the report is aimed at. This may link in with too complex, as some stakeholders may not need/understand all information presented. Though this area is improving (78% giving clear statement of purpose, 90% of them referring to specific stakeholders (Deloitte 2020)), possible options to improve this could be to customise reports using XBRL (though this will improve company transparency, security may be an issue increasing costs, and inexperienced accountants will find it difficult to use), or give two versions (financial statement and public interest report) allowing stakeholders to choose the most appropriate report for their needs. ]]> 2020-11-24 10:13:53 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955603025 https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955622202 Shows lack of understanding of reporting - should look to concentrate on financial reports, and the future of the company.]]> 2020-11-24 10:21:43 UTC https://padlet.com/sbsgc/v7uw5nnwne897ci9/wish/955622202