The shifting regulatory landscape
There will be big changes coming up for what and how companies need to communicate in their annual report.
The reporting landscape has changed, and stakeholders and society at large are increasingly expecting more of companies. Corporate governance failures as well as disruptive elements such as social media, automation, and artificial intelligence have put more pressure on companies to build trust with important stakeholders and communicate in a more transparent and authentic way.
Communicating transparently and providing a believable corporate narrative is more important now than ever and can help combat stakeholder cynicism. With the revision to the Code, ESEF 2020 and TCFD coming into effect soon, companies will need to find better ways of communicating who they are, how they are different and their true value drivers so that they can effectively explain their long-term sustainability and build trust.
In our interview with Peter Swabey, Policy & Research Director for the Institute of Chartered Secretaries and Administrators, we explore the key upcoming regulatory changes and his tips on how best to tell your corporate story.