Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Compliance Fatigue Causes Bad Shareholder Reporting

Global Glimpses | October 1, 2010

Suffering from “compliance fatigue,” U.K. corporate executives are producing shareholder reports that keep regulators happy but risk undermining shareholder trust in their abilities, according to a report from accountants at PwC.

The problem was caused by “successive waves of ad hoc legislation, regulation, and governance requirements,” said David Phillips, head of corporate reporting at PwC.

Phillips said some companies were publishing Key Performance Indicators, because the regulations required them to, but were not then putting in the extra effort needed to explain why those indicators were so important.

“With annual reports running to many hundreds of pages, the point has come where, if companies reported less, they would actually provide more insight and understanding,” he said. “The challenge is to determine how we can streamline reporting and balance...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.