4 See Eccles, Robert G., Who Will Go First? , Reporting Times: Die Zeitung des Center for Corporate Reporting, no. 6 (May 2015), p 4
Does publishing
more
information
expose the
company to
competition
and litigation,
for example?
Does gathering
and publishing
this additional
information
involve huge
costs?
THE BUSINESS WORLD HAS CHANGED
Growing expectations in terms of transparency and accountability.
Regulatory requirements regarding non-financial information.
Whistleblowers and social media have made inaction indefensible.
→ Is voluntary. The company s governing bodies select which information
to disclose.
→ Enables companies to prepare for, anticipate and manage stakeholder
criticism.
THE BUSINESS WORLD HAS CHANGED
Information is a key capital of the new economy.
Stakeholder relationships are changing. Companies need to be able to
enhance their dialogue.
Investors expect other information, particularly concerning the strength
of a company s strategy, its ability to achieve its objectives and realise its
full potential and that of its external environment.
Directors must be able to fulfil their monitoring role.
→ Does not generate more information, but more relevant information,
which is put to better use in relation to the company s business model and
ecosystem.
→ Requires companies to be selective regarding key information, which
generally enables them to optimise opportunities and decision making.
→ Is virtuous in itself as it fosters internal communication and monitoring
of clear objectives, which pave the way for value creation.
11)
p
ag
e