Corporate Reporting
Corporate Reporting is basically of 5 types. A brief on these components is given first and a detailed discussion on corporate governance reporting is given in following paragraphs:
- Financial performance.
- Corporate governance.
- Executive renumeration
- Corporate responsibility.
- Narrative areas.
Financial performance: At the core of the corporate reporting model is the financial reporting model, consisting GAAP- complaint financial statements and accompanying notes.
Corporate governance: It relates to the communication of processes by which companies are directed and controlled. Levels of disclosure differ woeld wide but might include information on board composition and development, accountibility and audit and relations with the shareholders.
Executive renumeration: The communication of how executives are given renumeration, both short and long-term, in order to deliver on their company’s strategic objectives.
Corporate responsibility: Corporate responsibility includes the communication about how companies understands and managing their impact on people, clients, suppliers, society, and the environment in order to deliver increased value to all our stateholders.
Narrative Reporting: Narrative reporting is shorthand for the crital contextual and non-financial information that is reported alongside financial information so also provide a broader more meaningful understanding of a company’s business, its market position, strategy, and performance and future prospects- including quantified metrics.
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