Saturday, September 10, 2011

FRC: Corporate reports must prioritise major risk

Two new FRC papers detail ways in which businesses can provide information that is useful to investors, keeping narrative reports zoomed in on strategic risk rather than exhaustive details.

Companies, investors and auditors helped the regulator with its Effective Company Stewardship: Next Steps consultation, while Boards and Risk summarises discussions with directors and listed business specialists held in recent months.

Chief executive Stephen Haddrill (pictured) said: "Our conversations with companies have revealed a step change in the efforts made by directors to manage risks. However, company reports often do not get to the heart of the matter.

See full Article.