New research conducted by MORI on behalf of global public relations firm Edelman shows business leaders sharply divided in their support for new reporting rules focusing on non-financial risks.
The proposed Operating and Financial Review legislation will require all quoted companies to report on how such risks impact their businesses, to the extent necessary for investors to understand the future strategy of the company. The MORI / Edelman survey shows that opinion is evenly divided among British business leaders on the OFR: 43% are supportive, while 48% oppose it.
Shareholders stand most to gain from the proposed report, but previous research has shown that opinion among institutional investors is similarly split, with 41% supporting and 34% opposing the OFR. By contrast, NGOs and CSR experts are clearly supportive of the proposed OFR legislation, with CSR experts in particular showing strong support.
See full Press Release.
Posts
