© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Black Sun plc Narrative Reporting October 2007.

Slides:

Advertisements

Similar presentations

Professor: Clive Vlieland-Boddy

Advertisements

Voluntary disclosures in the Annual Report signal success Stephen Wong Siu Kei ( ) Tony Chan Sai Chung ( )

ATRC 2012 Raising confidence in actuarial work: the role of educators Graham Finlay Jon Thorne 11 September 2012 Financial Reporting Council.

Proposal to provide audit services to Vivacity Culture and Leisure October 2010.

Pursuing Effective Governance in Canada’s National Sport Community June 2011.

ASX Corporate Governance Council

Accounting 4570/5570 Chapter 6 - International Transparency and Disclosure.

Manulife Financial Corporation operates as John Hancock in the United States, and Manulife in other parts of the world. Enterprise Risk Management in Life.

1 Company Name Executive Summary Prepared by. 2 Table of Contents Section I. Company Overview Section II. Product & Service Offering Section III. Unique.

Tax Risk Management Keeping Up with the Ever-Changing World of Corporate Tax March 27, 2007 Tax Services Bryan Slone March 27, 2007.

AUDIT COMMITTEE FORUM TM ACF Roundtable IT Governance – what does it mean to you as an audit committee member July 2010 The AUDIT COMMITTEE FORUM TM is.

Aust. AM Collaborative Group (AAMCOG) An introduction to ISO “What to do” guide 20th October 2014.

How can projects be controlled?

International Integrated Reporting Council. NGOs Companies Investors Accounting Standard setters Regulators Chair: Prof Mervyn King CEO: Paul Druckman.

Challenging title MAKING THE CASE FOR PLM Jos Voskuil.

 October 2007 Good Practice Contract Management Collaboration workshop Output from syndicate sessions 6/10/08 Procurement Services Working to achieve.

ISO Richard Welford CSR Asia © CSR Asia 2011.

Reporting and Communications Developments Juergen H. Daum SAP AG.

Опыт лидеров: особенности лучших практик годовых отчетов западных компаний 14 ноября 2013 года, Эксперт РА Сергей Масленников.

Good Corporate Governance in Practice. Outline What is Corporate Governance? Regulatory Requirements for Banks in Sri Lanka DFCC Practices - Key Elements.

The Institute of Chartered Accountants of Sri Lanka National Conference 2011 October 2011.

Southern Africa Division Centenary Conference September 2009 Better Boardroom Behaviour Seamus Gillen BA(Hons) MBA FCIS Senior Policy Adviser ICSA UK.

Chartered Accountants Audit Conference Susan Fraser, CA Senior Project Manager © AUASB 2008.

OECD Guidelines on Insurer Governance

CORPORATE GOVERNANCE Regulatory expectations and current good practice Charles Cattell The Cattellyst Consultancy.

OSFI Update November 19, 2009 Bernard Dupont Director, Capital Division.

ICGN Statement and Guidance on Political Lobbying and Donations And Accounting and Auditing Practices Committee Annamária Ardeléan Andrea Busto Gómez Carolina.

Global Reporting Initiative Judy HENDERSON Chair, Global Reporting Initiative Australia.

The Impact of Recent Changes in Corporate Narrative Non Financial Reporting Güray Karacar Coordinator.

Patrick Mallon Creating change through Collaboration & Partnership 22 May 2007.

COSO: Current ERM Challenges and Our Responses RIMS 2012 Annual Conference April 17, 2012 by David Landsittel COSO Chairman.

Role of the Board of Directors

Slide 14.1 Pauline Weetman, Financial and Management Accounting, 5 th edition © Pearson Education 2011 Chapter 14 Reporting corporate performance.

CIA Annual Meeting LOOKING BACK…focused on the future.

SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.

Building our Future: Programme Board TOR PURPOSE To be the governing forum for the design & effective delivery of the Building our Future Programme To.

Corporate Support PPSO Gez Keating, Serco Plc. AGENDA Portfolio Management Role of Corporate PPSO Processes Where to Start Benefits.

April 2008 Global Developments in Corporate Reporting Charles Tilley Chartered Institute of Management Accountants Chief Executive Global Developments.

Kapil Garg 17 October 2008 Leveraging quality faculty and cultivating trainers Click to add sub header.

Insider trading Recent developments and some lessons from the EU experience Paulo Câmara, Director CMVM Moscow, Russian Corporate Governance Roundtable,

Pricing of Natural Gas Dr. Anthony Barker 03 October 2008 Taking upstream to the next level.

Corporate Social Responsibility LECTURE 25: Corporate Social Responsibility MGT

ERCOT Strategic Plan H.B. “Trip” Doggett President and Chief Executive Officer Technical Advisory Committee ERCOT Public December 3, 2013.

Legal notice Certain statements included in this presentation contain forward-looking information concerning BG Group plc’s strategy, operations, financial.

Integrated Reporting – A New Era. Page 2 About Nkonki ► 22-year history in South Africa ► 100% Black-owned JSE-accredited auditing and advisory firm ►

African Institute of Corporate Citizenship founded in Ethos Institute’s 2006 International Conference Government and market social.

Aid Transparency: Better Data, Better Aid Simon Parrish, Development Initiatives & IATI Yerevan, 4 October 2009.

Successful Companies or Institutions are led by Effective Boards Effective Boards deliver Responsible people make Effective Boards © Fred Lachotzki Nyenrode.

M I N I S T R Y O F I N D U S T R Y, E M P L O Y M E N T A N D C O M M U N I C A T I O N S OECD Guidelines on Corporate Governance of State Owned Enterprises.

The company secretary – the power behind the board! Theresa Minnie, Head of Client Relations and Members 7 October 2015.

THE 4TH HIGHER EDUCATION FORUM, 2012 University Governance Interdependencies and Linkages in Higher Education in Tanzania Prof. Josephat Stephen Itika.

Repeal MB 19A.16 for Company Secretary of Mainland China & New MB R.3.29 – 1) company secretary to undertake 15 hours trading and 2) 2) Implementation.

Slide 1 Federation des Experts Comptables Méditerranéens 4 th FCM Conference Capri, 3-4 May 2004 The Globalisation of Small and Medium-sized Enterprises.

Implementation of Insurance Core Principles and FSAP Evaluations The Portuguese FSAP experience Gabriel Bernardino Instituto de Seguros de Portugal.

CCEC Governance Seminar Improving Organizational Performance with Sound Governance Hopkins & Associates Inc. 41 Leatherwood Crescent Winnipeg, MB R2G 3N1.

Governance, Risk and Ethics. 2 Section A: Governance and responsibility Section B: Internal control and review Section C: Identifying and assessing risk.

COBIT 5 Executive Summary © 2012 ISACA. All rights reserved.1.

European technology platforms and industrial change ETP ZEP Robert van der Lande, Secretary General Hearing, 4 May 2012.

 Finance & Investment Conference June 2003 The Caledonian Hilton Hotel, Edinburgh Challenges to Best Practice in Corporate Governance in Life.

Broader Disclosure and the Operating and Financial Review (OFR): the standards perspective Ian Mackintosh Chairman, ASB November 2004.

COBIT 5 Executive Summary

Auditing & Investigations I

Prof. Dr. Dan Dumitru Popescu

Non Financial Reporting: Current Developments at EU level

Advanced Management Control and Sustainable Development

PRESENTATION ON ALIGNING BUSINESS TO SDGS.

Governance and Audit Oversight for Capital Market

COBIT 5 Executive Summary

ASIA OPTICAL Investor Conference February, 2006

11May 2007 Yoshi Kawai – Secretary General

Presentation transcript:

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Black Sun plc Narrative Reporting October 2007

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Agenda Principles of good reporting Best practice examples Benefits of increasing transparency

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Principles of good reporting Reflect a director’s view of business Focus on matters relevant to ‘stakeholders’ Have a forward-looking orientation Complement and supplement financial statements Be comprehensive yet understandable Be balanced and neutral Be comparable over time

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Strategy Best practice examples

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Strategy: Imperial Tobacco

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Strategy: BG Group

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Strategy: Cadbury Schweppes

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 KPIs Best practice examples

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 KPIs: Centrica

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 KPIs: BAT

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Principal risks and uncertainties Best practice examples

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Principal risks: Carphone Warehouse

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Principal risks: Friends Provident

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Forward-looking orientation Best practice examples

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Forward-look: BAE

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Forward-look: ITV

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Step change in the overall quality of reporting Although some have encountered difficulties, many have embraced new requirements Disclosures moving to meet best practice standards Narrative becoming clearer and more cohesive Greater alignment between market environment, strategy, drivers of value and KPIs, risks and future outlook Overall communications becoming much more accessible Best practice summary

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Internal benefits of increasing transparency ‘From the inside out’

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition % agree that clearer linkages between strategy, business objectives, KPIs, risks and future goals were realised 66% believe that reporting KPIs has helped the Board become clearer on which KPIs are right for their business 62% felt there was greater alignment between the Board on principal risks Benefits of increasing transparency

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 In summary Statutory obligations altering how companies are communicating Recent research confirms considerable improvement Better narrative reporting can lead to better run businesses Market pressure probably as likely as regulatory scrutiny to move companies towards further disclosure Reports are potent platform to reinforce and communicate the investment story A lot has changed and a lot will continue to change…

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Opportunity not Obligation

© Black Sun Plc 2007 Company Secretaries Conference and Exhibition 2007 Thank you