A comparison of UK strategic reports to global practice, based on analysis of 270 larger listed companies from around the world.
KPMG International’s Survey of Business Reporting covers some 270 larger listed company annual reports, of which one tenth are from the UK FTSE100. The survey highlights the gap between the information investors need to assess the health and prospects of companies, and the information they are currently receiving through corporate reporting channels.
UK company reports scored well in a number of aspects of the survey - notably, they tended to be more concise, and delivered more focused risk discussions. However, they also share many of the challenges apparent in the global survey, particularly when it comes to providing a deeper view of business strategy and performance.
The result is that UK reports tend to emphasise a short-term view of performance at the expense of the longer-term.