Reporting Archive

May 13, 2021
Start integrating ESG by rethinking the 10K
When it comes to integrated reporting, the US lags its peers. A recent Global ESG Monitor (GEM) report found that six out of 30 Dow Jones companies (20 percent) published integrated reports, compared with 54 percent of the ASX 50, 77 percent of the DAX 30 and 86 percent of the EURO STOXX 50. Not only are there fe...
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Apr 13, 2021
Research roundup: Communicating in times of Covid-19
Does CSR matter in a crisis? Not when it comes to stock price performance. A study of 1,750 US firms finds no link between pre-Covid-19 crisis CSR scores and stock returns during either the pandemic-induced market crash or the recovery. Notably, Business Roundtable member companies, run by CEOs demonstrating an explicit interest in serving the interests of broader stakeholders, fared no differently from other firms. Study auth...
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Apr 07, 2021
To restate or not to restate? Guidance practices one year after the start of the pandemic
One short year ago, a year that felt like a decade to most of us, the Covid-19 pandemic had just begun to rear its ugly head. The only thing that seemed certain at the time was that these would be unprecedented times for the global economy and companies operating within it – and that our use of the word unprecedented would skyrocket. As fate would have it, Covid-19 emerged in the weeks – and in some cases, days – after many companies had reported FY 2...
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Apr 07, 2021
Improving shareholder support for remuneration reports
For many, achieving successful say-on-pay votes via insightful remuneration reporting can feel like a lottery – a resounding Yes! vote might be followed by next year’s highly adverse vote, even if there are few changes to wording in between. Invariably, the fickleness in investor support for your remuneration report can be predicted, and turned around. Here is how – and how not. Anticipate the potential for a train wreck ...
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Mar 05, 2021
The week in investor relations: Coinbase direct listing, record UK payout and call to end ‘box checking’ on ESG
 – Cryptocurrency exchange Coinbase Global is planning a direct listing on Nasdaq, according to Investors’ Chronicle. The company is the largest US cryptocurrency exchange, where users can buy, sell and hold the cryptocurrencies Bitcoin and Ethereum. ‘It’s fair to say the listing document is not short on eyebrow-raising informatio...
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Feb 22, 2021
SEC denies J&J request to exclude racial-audit proposal
The SEC has rejected a request from Johnson & Johnson that it exclude from its proxy statement a shareholder proposal that it conduct a ‘civil rights audit.’ Trillium Asset Management, on behalf of Christopher and Anne Ellinger, has submitted the measure requesting that Johnson & Johnson ‘conduct and publish a third-party audit… to review its corporate policies, practices, products and services, above and beyond legal and regulatory matters; to asses...
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Feb 17, 2021
How performance-based pay can drive up executive compensation: A Japan case study
An increasing focus on performance-based pay and long-term incentives is driving up CEO salaries in Japan. In fiscal year 2019 alone, CEOs saw total pay jump by a huge 20.5 percent, according to a study by Willis Towers Watson (WTW) published at the end of last year. This was, say the study authors, ‘driven by a significant expansion of long-term incentives’ in Japanese pay structures. It also represents a huge jump on the 3.3 percent rise the year before. ...
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