How resilience reporting could help firms meet future challenges
Boards face a formidable piece of new work as the government pushes forward with reforms to corporate reporting.
Image: Metamorworks/Shutterstock.com
Proposals that come as part of an effort to overhaul audit and governance ask corporate leaders to master a new discipline: reporting on their business prospects long into the future in a “resilience statement”. For some this could mean considering the business environment decades ahead.
This will be daunting. The proposals represent responsibilities never before imposed upon UK companies. But, according to experts, it should provide the chance to take a deep dive into business models and the significant issues that could knock them off course.
“It’s an important opportunity,” says Andrew Jones, director of narrative reporting
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