Financial Times (June 7)
“’Shock revelation. Investors do read annual reports and base their investment decisions on what they find there,’ was the gist of a dismal report by the Financial Reporting Council last week into the quality of accounts of small public companies.” The report found that many companies did not, but really ought to, sufficiently prioritize their annual reports. “The FRC is right. Informative and comprehensive explanations of how the corporate year has shaped up are critical to keeping investors onside.”
Tags: Annual reports, Comprehensive, Explanations, FRC, Informative, Investment decisions, Investors
Financial Times (November 27)
Since 2010, chairmen have been required by the UK Code on Corporate Governance to personally report on how the principles relating to the role and effectiveness of the board are being applied. Yet, the “chairmen of FTSE 350 companies are failing to take responsibility for corporate governance, with half making no mention of the issue in their annual report statements according to a review by Grant Thornton.”
Tags: Annual reports, Boards, Chairmen, Corporate governance, FTSE 350, UK
Financial Times (February 23)
In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”
In the UK, just 12.5% of FTSE 100 board positions are filled by women. Lord Davies is recommending the government take measures to double this figure by 2015. The measures will likely be non-binding, rather than the rigid quota systems adopted by Norway, France and Spain. The Financial Times urges companies to “take voluntary targets seriously,” calling on the chairmen of all-male boards to “explain in their annual report why they find this acceptable” and on investors to “press male, middle-aged boards.”
