Tuesday 3 August 2010

BIS consultation on narrative reporting

Is out, here, and is intended to meet the coalition's objective of reinstating the OFR. Could be interesting, get a load of this:
Should there be an advisory vote on the Business Review to allow shareholders to express their view on the directors’ performance and the company’s future prospects on the basis of the directors’ description of the company’s performance, forward looking strategy and principal risks?
I think I know which asset manager might have been pushing that one....!

Also seeks views on remuneration reporting, which is an opportunity to address the 'sensitive to pay and conditions across the group' issue. Also maybe time for BIS to look at disclosure of directors' pension entitlements?

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