Narrative reporting has evolved significantly over the past five years. Reports provide a much broader range of non-financial information, but has the quality of information kept pace with this change?
Something’s been happening to narrative reporting. A series of regulatory measures, together with greater focus from companies themselves, has led to a broader scope of information being reported in what is now the strategic report.
The change is to be welcomed—most annual reports now provide a wider perspective on performance that aligns more closely with the strategic priorities of the business.
So, we now have a more effective shareholder communication tool built around a combination of financial and non-financial information.
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