Reporting Archive

Aug 20, 2019
Investors get record payouts globally, reveals report
Shareholders in listed companies on global stock markets have reaped the rewards of more than $500 bn in dividends during the second quarter of the year – a record for investor payouts, reveals analysis by asset manager Janus Henderson.  Yet despite dividends hitting an all-time quarterly high of $513.8 bn, the year-on-year growth actually slowed ...
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Aug 19, 2019
Hong Kong companies feel heat of trade war
The ongoing trade war between the US and China is having a negative impact on listed companies in Hong Kong. An increasing number of Hong Kong-listed firms have cited the negative effects of tariffs on their business when issuing profit warnings in the last month, according to regulatory filings. The ongoing and escalating nature of trade tensions between the two major economies has evidently hurt sentiment and appears to have caused companies to restrain fut...
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Aug 16, 2019
Saudi Aramco goes PR over IR for first earnings call
It’s been a big week for Saudi Aramco. The company delivered its first ever half-year financial report. It hosted its first ever earnings call. And it signed the biggest-ever inward investment deal with India.  The surface facts are very positive. Earnings of $46.9 bn in the first half of 2019 cemented its place as the world’s most profitable company, a higher figure than Exxon Mobil, Shell, Chevron, BP and Total – its five largest competitors in the private ...
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Aug 15, 2019
SEC disclosure proposal sharpens human capital focus
The inclusion of human capital matters in regulatory plans to revamp corporate disclosures is likely to attract attention and require companies to examine how they approach that work, according to Laura Richman, counsel with Mayer Brown. The SEC last week proposed rule amendments that would update the description of business, legal proceedings and risk-factor disclosures that registrants must make un...
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Jul 29, 2019
Asian companies get serious about ESG
What was once considered optional for companies to report is now shifting to a more mandatory basis, and nowhere is this seen more than in Asia, according to Goldman Sachs’ head of Asia ESG research, Sharmini Chetwode. ‘Integrated ESG reporting – the new normal in Europe – is gradually becoming part of financial reporting in Asia,’ she reveals. ‘Excluding China A shares, Asia’s environmental and social (E&S) performance is on par with that of the U...
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Jul 26, 2019
Grant Thornton queries auditor attestation on ICFR proposal
Grant Thornton has raised concerns about a plan to exempt smaller companies from a key component of the Sarbanes-Oxley Act reforms, although the change is being welcomed by companies that would avoid the compliance burden. The SEC has proposed amending its accelerated filer and large accelerated filer definitions in an effort to lower compliance costs for certain lower-revenue companies. Specifically, the planned changes would mean companies with less than $100 mn i...
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Jul 22, 2019
House panel passes climate risk disclosure bill
The House Financial Services Committee on Wednesday voted to approve a bill backed by several Democratic presidential candidates that seeks to boost and improve climate-related corporate disclosures under new SEC rules. The Climate Risk Disclosure Act of 2019 would order the SEC to consult with climate experts at other government agencies and then issue rules requiring that each public company disclose: Its direct and indirect greenhouse gas emissions...
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Jul 19, 2019
How to make your reporting relevant: Ticker 105
This episode of The Ticker podcast comes to you from the Citadel Securities trading post on the floor of the NYSE.  Companies don’t make money the way they once did. Intangible assets like patents, brands and R&D drive value. Yet you wouldn’t know it reading a standard financial report – which hardly anyone does anymore anyway. The average publicly traded firm has its ...
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Jul 12, 2019
Growth in number of Swiss companies committed to sustainable reporting
More than one third of companies listed in the Swiss Market Index (SMI) have voluntarily committed to sustainability reporting after a push on sustainability reporting by the SIX Exchange Regulation, the autonomous and independent body within the Swiss SIX exchange that monitors issuers. Two years ago, in recognition of the growing importance of sustainability reporting, the regulatory board passed Article 9 of the Directive Corporate Governance (DCG), giving lis...
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Jul 05, 2019
The dilemmas of disclosing financial risks
The challenges facing companies embracing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) were highlighted at the recent Bloomberg Sustainable Business Summit in London. The summit explored the narrative that there is a clear increase in climate change-related financial reporting among firms, inspired by TFCD requirements. But pane...
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