All UK companies, except small ones will be required to produce a strategic report from October 2013. This presentation sets out key requirements and potential director's liabilities for getting it wrong.
Presentation by Gary Banks, Chair of the OECD Regulatory Policy Committee, and Dean of the Australia and New Zealand School of Government, Australia, at the 7th Expert Meeting on Measuring Regulatory Performance: Embedding Regulatory Policy in Law and Practice, Breakout session 3, Reykjavik, 18-19 June 2015. Further information is available at http://www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm
A “Sustainable Regulatory Policy”: what determines success?OECD Governance
Presentation by Gary Banks, Chair of the OECD Regulatory Policy Committee, and Dean of the Australia and New Zealand School of Government, Australia, at the 7th Expert Meeting on Measuring Regulatory Performance: Embedding Regulatory Policy in Law and Practice, Session on Reflections on sustainability of regulatory policy, Reykjavik, 18-19 June 2015. Further information is available at http://www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm
Presentation given by SMP Committee Chair Giancarlo Attolini at the IFAC Board Meeting in September 2012 on the current and upcoming activities of the IFAC SMP Committee in each of its strategic focus areas: Input to Standard-Setting, Input to Public Policy and Regulation, Adoption and Implementation, and Development and Quality.
Presentation given by Helen Brand, Chief Executive, Association of Chartered Certified Accountants (ACCA) on integrated reporting during the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Strategies for successful implementation of RIA: UKOECD Governance
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Prof. Alexandra Watson, the College of Accounting, University of Cape Town, on integrated reporting and the evolution of the issue and practice in South Africa given at the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Presentation by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair, at MIA-IFAC Regional SMP Forum, in Kuala Lumpur, Malaysia, November 18, 2015
Presentation by Gary Banks, Chair of the OECD Regulatory Policy Committee, and Dean of the Australia and New Zealand School of Government, Australia, at the 7th Expert Meeting on Measuring Regulatory Performance: Embedding Regulatory Policy in Law and Practice, Breakout session 3, Reykjavik, 18-19 June 2015. Further information is available at http://www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm
A “Sustainable Regulatory Policy”: what determines success?OECD Governance
Presentation by Gary Banks, Chair of the OECD Regulatory Policy Committee, and Dean of the Australia and New Zealand School of Government, Australia, at the 7th Expert Meeting on Measuring Regulatory Performance: Embedding Regulatory Policy in Law and Practice, Session on Reflections on sustainability of regulatory policy, Reykjavik, 18-19 June 2015. Further information is available at http://www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm
Presentation given by SMP Committee Chair Giancarlo Attolini at the IFAC Board Meeting in September 2012 on the current and upcoming activities of the IFAC SMP Committee in each of its strategic focus areas: Input to Standard-Setting, Input to Public Policy and Regulation, Adoption and Implementation, and Development and Quality.
Presentation given by Helen Brand, Chief Executive, Association of Chartered Certified Accountants (ACCA) on integrated reporting during the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Strategies for successful implementation of RIA: UKOECD Governance
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Prof. Alexandra Watson, the College of Accounting, University of Cape Town, on integrated reporting and the evolution of the issue and practice in South Africa given at the International Federation of Accountants’ Council Seminar, A Fundamental Shift in Corporate Reporting.
Presentation by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair, at MIA-IFAC Regional SMP Forum, in Kuala Lumpur, Malaysia, November 18, 2015
On May 18, 2016, IAASB Chairman Prof. Arnold Schilder presented "The IAASB's Work to Enhance Audit Quality" to the Standing Advisory Group of the US Public Company Accounting Oversight Board in Washington, D.C.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Regulatory performance: the role of InstitutionsOECD Governance
Presentation by Prof. Gary Banks, Chair of the OECD Regulatory Policy Committee and Dean of the Australia and New Zealand School of Government, Australia, at the 8th Conference on Measuring Regulatory Performance: Realising Impact: The Role of Institutional Frameworks in Regulatory Policy, which took place in Sydney 15-16 June 2016. Further information is available at www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Wendy W.Y. Yung, Member of Professional Accountants in Business Committee, at the CAPA 2015 Conference, in Seoul, Korea, October 27-29, 2015.
This study gives insights on the implementation as well as internal and external facilitators of integrated reporting in companies. The joint research project of CCR and the University of Leipzig was sponsored by Clariant.
Presentation by Warren Allen, President, International Federation of Accountants at the Institute of Certified Public Accountant of Greece, in Athens, Greece, September 19, 2014
The Productivity Commission has released its draft report on the design and operation of New Zealand’s regulatory system. The draft report provides practical guidance for government officials involved in designing new regulatory regimes and regulators. The draft also provides a number of recommendations on how to improve the regulatory system as a whole. The ultimate goal of the recommendations is to have more effective regulation.
Presentation delivered at the Women in Finance Conference, South Africa.
The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.
A combined solution to compliance and risk management for sustainability repo...Ardea International
The UK has introduced new regulations for business on how to report. Integration of risk and strategy is key. Diagnostics to help define material social and environmental risk will save costs. Compliance with legal obligations will also be key.
On May 18, 2016, IAASB Chairman Prof. Arnold Schilder presented "The IAASB's Work to Enhance Audit Quality" to the Standing Advisory Group of the US Public Company Accounting Oversight Board in Washington, D.C.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Regulatory performance: the role of InstitutionsOECD Governance
Presentation by Prof. Gary Banks, Chair of the OECD Regulatory Policy Committee and Dean of the Australia and New Zealand School of Government, Australia, at the 8th Conference on Measuring Regulatory Performance: Realising Impact: The Role of Institutional Frameworks in Regulatory Policy, which took place in Sydney 15-16 June 2016. Further information is available at www.oecd.org/gov/regulatory-policy/measuring-regulatory-performance.htm.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Rachel Holloway, Department for Business, Energy, & Industrial Strategy, United Kingdom, at the RIA workshop which took place in Lima on 22-24 May 2017. Further information is available at www.oecd.org/gov/regulatory-policy/.
Presentation by Wendy W.Y. Yung, Member of Professional Accountants in Business Committee, at the CAPA 2015 Conference, in Seoul, Korea, October 27-29, 2015.
This study gives insights on the implementation as well as internal and external facilitators of integrated reporting in companies. The joint research project of CCR and the University of Leipzig was sponsored by Clariant.
Presentation by Warren Allen, President, International Federation of Accountants at the Institute of Certified Public Accountant of Greece, in Athens, Greece, September 19, 2014
The Productivity Commission has released its draft report on the design and operation of New Zealand’s regulatory system. The draft report provides practical guidance for government officials involved in designing new regulatory regimes and regulators. The draft also provides a number of recommendations on how to improve the regulatory system as a whole. The ultimate goal of the recommendations is to have more effective regulation.
Presentation delivered at the Women in Finance Conference, South Africa.
The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.
A combined solution to compliance and risk management for sustainability repo...Ardea International
The UK has introduced new regulations for business on how to report. Integration of risk and strategy is key. Diagnostics to help define material social and environmental risk will save costs. Compliance with legal obligations will also be key.
What’s next for governance and reporting?Black Sun plc
With the legislative and regulatory regime in the UK shifting, there is a clear drive for companies to effectively communicate with investors and wider stakeholder groups. The Financial Reporting Council (FRC) will be a key driver behind creating a new vision, and contributing to enhancing trust and transparency in business.
To provide guidance on what the future of reporting may look like, we invited Stephen Haddrill, CEO of the FRC, and senior members of his team to give an update on the FRC’s role, revised Strategic Report Guidance, government reforms and consultations on the Corporate Governance and Stewardship Codes.
Revolutionising Reporting: Why Care? is the first in the Future Directions series of the future[inc]. Developed out of a series of meetings globally and two stakeholder events with a range of directors, investors and practitioners held in Auckland and Sydney in March.
There are historic changes coming in what the financial statement auditor will say publicly in their report. For listed entities there will be a section where the auditor explains the main areas they looked at in their audit of that company for the year, and a summary of the audit procedures they undertook to address the matter.
Since auditing began, consistency in how auditors report to shareholders has been a predominant feature. Audit is complex, technical work and consistency in explaining the role and the results of the audit work has taken prevalence.
This is being turned on its head! The increasing demands for transparency of process, to help justify trust, has led to the introduction, for the first time, of unique commentary in the audit report to shareholders. A major change to market communication.
These new requirements will be effective from December 2016 year end’s, though many firms and companies will be trialling it this year. Download your copy.
Annual Report Insights 2016 Planning your reportDeloitte UK
A guide providing an overview of the key survey findings of 100 UK listed companies, which also enables you to learn how to take steps to improve your annual reporting process.
Sound governance and effective institutions are essential to achieve shared prosperity and sustained reductions in poverty.
Public accountability and proper governance contribute to better delivery of public services, support competition and growth, including through cooperation with private sector.
Quality information helps the government properly analyze risks and play their essential roles in resolving the complex and interconnected challenges in variety of sectors, including in health, social protection and education.
Etude PwC sur le reporting intégré (sept. 2014)PwC France
http://bit.ly/Reporting-PwC
Selon une étude du cabinet d’audit et de conseil PwC, 80 % des investisseurs s’accordent à dire qu’un reporting de qualité influence leur perception de l’entreprise. Pour près de deux tiers d’entre eux (63 %), la qualité du reporting d’une entreprise pourrait avoir un impact financier direct sur le coût de son capital.
Report on Standard Setting Activities - Françoise Flores, IASBOECD Governance
This presentation was made by Françoise Flores, IASB, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Financial Analysis for Corporate startups.pptfarhaduddin13
This provides a framework on which new and upcoming enterprises and startups can build there financial analysis and asset management systems, essential for the function and presentation of the business to potential stakeholders
ISO14001: what do the key changes mean for business and how should organisati...Ardea International
Organisations that wish to implement ISO14001 or retain certification will have to understand the key changes to the standard. The briefing also covered how to demonstrate compliance with the new 'compliance obligations'
The new draft of ISO14001 makes some fundamental changes to the current standard. This presentation explores the key strategic changes and legal compliance aspects.
The regulatory landscape on human rights compliance is changing. There are greater requirements for disclosure and companies having proper due diligence procedures in place. The UN Guiding Principles on business and human rights, although not a legal framework, is set to be a gamechanger.
Why do companies need to consider embedding the UN Guiding principles on business and human rights? What is the current status of the UK Modern slavery Act? What other developments are we seeing?
Measuring ROI of sustainability in the sports sector- preliminary findingsArdea International
During 2014 we extended our pilot study on measuring Return on Investment( ROI) on sustainability measures in the sports industry. This presentation at the BASIS conference in Cardiff presents some of the preliminary findings and conculsions
Why is RoI from sustainability important to the sports industry? We are extending our pilot study- here are more details about the research and how you can get involved
The UN Guiding principles are not legally binding but are potentially a game changer for business. The potential for liability for companies in relation to human rights and supply chain issues is rising. Soft law is getting harder edges
What are the ethics of volunteering? How can this relate to sport? What is the impact of CSR programmes on volunteering? This outline is from a presentation to BASIS in 2012 and raises questions for companies and individuals about volunteerism
This presentation covers a legal perspective of CSR and potential liabilities for companies and directors. The emphasis on CSR being voluntary may have characterised the mainstream approach to CSR prior to the turn of the millennium. This is no longer the case
Applying the UN Guiding Principles on business and human rights in the fight ...Ardea International
Summary slideshare of detailed paper available at www.financingagainsttrafficking.org.
The UN Guiding Principles on business and human rights are seen as a game changer. How do they apply to human trafficking? What should business be doing to reduce the risks of human trafficking in their supply chain?
The significance of the ICJ decision in Pulp Mills on the River Uruguay for m...Ardea International
Although the Pulp Mills case was heard in 2010, there is a likelihood that a second case will be brought. It strengthens the case for MNCs to assume a role in the advancement of international environmental law and Business and Human Rights
Sports sector study towards ISO20121 and Return on Investment of Sustainability Ardea International
A summary of a research project carried out in the UK to measure the financial benefits/ return on investment to organisations in the sporting industry who either have ISO20121 or adopted any alternative sustainability strategy. Full report to be published @CLTenvirolaw
Slideshareersion strategic report regulations guidance for companies and inv...Ardea International
Environmental, social governance issues have financial implications on how companies recognise, diagnose, manage and disclose their information. The legal and investor angle is discussed, together with how to diagnose the financial risk
Corporate human rights reporting- why and what's needed? Ardea International
This presentation provides a short guide on human rights issues and reporting considerations for all companies. The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 will require listed companies to report on human rights issues. Do organisations know what they should include in their reports. Do they know how to address complicity? What about organisations that are not listed or not based in the UK ?
The impact of Social Environmental Governance disclosure for investors: closi...Ardea International
How do investors use environmental social governance information? What investor led initiatives exist? What are the barriers? What are the trends in reporting?
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
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➢ Korean President visits Samsung Electronics R&D Center
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
New UK Reporting Regulations in force October 2013: What is a strategic report?
1. New UK Reporting Regulations- what is
a strategic report? Does it link to
Integrated reporting? August 2013
2. What’s happening?
• New Regulations for companies on how to
report: in force from 1st October
• Strategic report required
• Companies Act 2006 (Strategic Report and
Director’s Report) Regulations 2013
• Financial Reporting Council issued draft
guidance
3. Why is it happening?
• Government commitment to reinstate the
Operating and Financial Review to ensure
director’s social and environmental duties
have been covered in company reporting
• Aims to promote cohesiveness
• Putting the focus on the information being
strategic
4. What companies do the regulations
apply to?
• Differing requirements according to whether
the company is:
– Listed
– Large
– Medium sized companies
5. What’s required?
• Section 414c requires:
– description of principle risks and uncertainties (All
sizes)
– analysis of Key Performance indicators (Large and
quoted companies for non-financial KPIs)
– description of the entities objectives, strategy and
business model (Quoted companies)
– explanation of main trends and factors affecting
the company (Quoted companies)
6. What about disclosures?
• For quoted companies, disclosures required
around:
– environment
– employees
– Social, community and human rights issues
– Diversity
• If not disclosed, the company must state
which of these disclosures are missing
7. What should the report do?
• Provide information and insight into the
companies main objectives, strategies and
principle risks
• Complement, supplement and provide context
of related financial statements
• Provide an analysis of past performance
• Signpost the location of supporting material
8. Materiality is key
• Organisations will have to understand what the
key issues are to their business
• ‘Materiality’ is key. Defintion taken from
International Financial Reporting Standard:
“Omissions or misstatements of items are material
if they could, individually or collectively, influence
the economic decisions that users make on the
basis of the financial statements. Materiality
depends on the size and nature of the omission or
misstatement judged in the surrounding
circumstances”
9. How does it relate to integrated
reporting?
• Both International Integrated Reporting Council
and FRC want to improve the quality of
reporting, with shareholders as the main focus.
• Strategic report, in contrast to Integrated report
is governed by legislation
• Strategic report is required as part of the annual
report
• Draft Integrated Reporting Framework provides
more in-depth information about how non-
financial issues might feed into a companies
strategy
10. Are there consequences for directors
getting it wrong?
• Section 463 of the Companies Act allows for
directors to be held liable to compensate their
company if it suffers any loss as a result of any
untrue or misleading statement (or any omission)
arising from the director’s report, the director’s
remuneration report or the strategic report
• Directors knew that the statements were untrue
or misleading, or if they knew that the omission
was a dishonest concealment of a material fact
11. Getting it right
• Good reporting will lead to:
– less exposure to penalties
– greater transparency for investors or shareholders
– better understanding and management of risks
– improved governance
12. Solutions
• Find out what is ‘material’ to the company’s operations
and strategy.
• Understand key risks through proper risk management.
Has your company reviewed its risk register taking into
account non-financial information?
• Have these been considered against both reputational
and financial risk?
• What company engagement takes place?
• Review supply chain management: do you know the
risks down your supply chain? E.g. working standards.