Some companies look set to produce OFRs despite the regulation’s recent official demise “Disappointing”, “unlawful”, “a slap in the face”, “clumsy”. There seemed to be no end to the condemnation from investors, analysts, accountants, trade unionists and environmentalists the day the UK’s Operating and Financial Review became defunct.
They all awoke on the morning of 28 November suspecting nothing. It was the opening day of the annual conference of Britain’s biggest business lobby group, the Confederation of British Industry. The UK’s Chancellor of the Exchequer, Gordon Brown, was a keynote speaker.
Brown began by congratulating British business for its “steadfastness, resilience, leadership and courage to change”. He aimed to repay business with an unexpected announcement – the abolishment of the planned Operating and Financial Review.
See full Article.
Posts
