Britain moved a step closer to clearing up its complicated narrative reporting rules last month.
The government announced long-awaited plans to scrap a series of required disclosures that, it admits, nobody wants to read. The aim is to ease the reporting burden on companies while making their financial reports more useful to shareholders. Too many businesses are wasting time “producing large, complex reports that lie unread by investors,” the U.K.’s Department for Business Innovation and Skills said in a statement announcing the plan.
