Annual reports go unread
A staggering 90% of annual report pages go unread
A staggering 90% of annual report pages go unread
Most people reading the annual reports only look at the remuneration page –
with a staggering 90% of annual report pages going unread.
The statistics were revealed by
Granby Oil & Gas finance
director Nigel Burton, who was speaking during a roundtable on stewardship.
Burton was formerly FD of a company running the Financial Times Annual Report
Service. ‘The most visited pages in most company reports were simply the
Directors’ Remuneration Report. Ninety percent of the pages were not used in
four million cases, what’s the point of them?’ Burton said.
‘There was scant attention paid to Note 53 about FRS this, that and the other
adjustments. People don’t look at that stuff,’ Burton added.
The figures were a result of online analysis of what parts of annual reports
people read when they were filed electronically.
The revelations come on the back of reports that Royal Mail is limiting the
number of HSBC annual reports its postmen would carry because at 1.47kg it is so
heavy that anyone carrying an excessive amount risked injuring their back.
Many of the pages in the HSBC
report were devoted to IFRS disclosures.
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleWe all understand the role of lawyers in an arbitration, to argue over points of liability and who was at fault. But most commercial cases are brought...
View articleAn anonymous corporate finance veteran with over 20,000 hours of experience unlocks invaluable insights by pulling back the curtain on the rarely seen...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleTechnology could enable this by allowing teams to 'speak the same language' Read More...
View articleBegbies Traynor had a strong first half to its year, buoyed by increased revenue and a number of acquisitions Read More...
View articleRicky Shankar, Chairman of Clear Factor, explains how his own experience with banks led to the creation of Clear Factor - a decentralised global invoi...
View articleLooking at spending patterns of more than 1000 Spendesk users in 35 European countries, making 800,000 transactions totalling over €120million, the ‘S...
View article