Despite FTSE350 annual reports swelling by 25%, their content is better aligned to stakeholder requirements, and is more “joined up”, though disclosures need to focus on “actions and outcomes, rather than just processes”.
EY: Annual Reporting in 2016/17
Despite ongoing concerns about the legibility and accessibility of annual reports, their length has increased, according to research by EY.
FTSE350 companies had an average of 186 pages in their annual report in 2016/17, an increase of five pages on the previous year and a 25% increase from 2012/13.
This period has seen the introduction of strategic report and directors’ remuneration report regulation, along with requirements to include a full list of subsidiaries.
However, EY has warned that the need for directors of significantly sized companies to explain how they comply with Section 172 of the Companies Act (where they must hav
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