A new study has rated the reports of FTSE 100 companies on their demonstration of a commitment to open, transparent reporting; endeavouring to provide a clear picture of what the business does; the market in which it operates and how it has performed.
The company reports were also rated against how much they showed a willingness to talk about the wider resources their business needs and the outcomes of their activities.
In light of the Financial Reporting Council (FRC)’s annual letter to finance directors and audit committee chairs, which outlined the areas of company reports that require improvement, company reporters will need to address these weaknesses in order to match the quality of the reports in the ranking.