At a recent gathering of wise men discussing stewardship, Granby Oil & Gas finance director Nigel Burton expounded on the tragedy of the year-end report.
Burton related how, as FD of a company running the Financial Time’s Annual Report Service, they could determine the parts of reports people read when these were filed online, with viewers’ gaze focused squarely on directors’ remuneration.
When he then added that no-one looks at the rest of the accounting stuff in the annual report, the next speaker Peter Elwin, head of accounting & valuation, Cazenove Equities could contain himself no longer.
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