BusinessCompany NewsMandatory performance indicators ruled out

Mandatory performance indicators ruled out

The government is resisting Commons pressure to require mandatory performance indicators in companies' annual reports.

Link: Corporate reporting changes delayed

Industry and the regions minister Jacqui Smith firmly ruled out a compulsory list and said she was ‘not convinced that setting out a list that directors may be tempted to run down and tick is the most appropriate way to encourage the engagement that this development is all about’.

Speaking during Commons exchanges on Thursday last week, she said quoted companies will be required to provide a narrative report setting out business objectives, strategy and risks and uncertainties.

Carshalton and Wallington Lib Dem MP Tom Brake called for mandatory performance indicators covering environmental and social performances and impact, and urged these should facilitate comparisons between companies.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor