Yakub02
Banned
In addition to the mandatory disclosures required by law or regulation, many companies provide additional information, as part of their normal reporting cycle.
Typically, these include
an operating and financial review; a social and environmental report;
corporate social responsibility report;
financial summaries;
details of key performance indicators (KPIs). There are several reasons why a company might make voluntary disclosures:
some voluntary information might be provided as a public relations or marketing exercise, to present ‘good news’ about the company to investors and other users of the company’s published reports.
providing information on a voluntary basis might persuade the government or financial service regulator that compulsory disclosures and regulation are not necessary.
companies might publish social and environmental reports out of a genuine ethical and cultural belief in the responsibilities of the company to society and the environment. If a company believes that it has social and environmental responsibilities, publishing a report on these issues is a way of making itself accountable.
a company might use voluntary disclosures as a way of improving communications with its shareholders. By giving more disclosures to shareholders, companies might encourage shareholders to respond, and enter into a dialogue with the company about its strategies and plans for the future.
Typically, these include
an operating and financial review; a social and environmental report;
corporate social responsibility report;
financial summaries;
details of key performance indicators (KPIs). There are several reasons why a company might make voluntary disclosures:
some voluntary information might be provided as a public relations or marketing exercise, to present ‘good news’ about the company to investors and other users of the company’s published reports.
providing information on a voluntary basis might persuade the government or financial service regulator that compulsory disclosures and regulation are not necessary.
companies might publish social and environmental reports out of a genuine ethical and cultural belief in the responsibilities of the company to society and the environment. If a company believes that it has social and environmental responsibilities, publishing a report on these issues is a way of making itself accountable.
a company might use voluntary disclosures as a way of improving communications with its shareholders. By giving more disclosures to shareholders, companies might encourage shareholders to respond, and enter into a dialogue with the company about its strategies and plans for the future.
