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Financial Director: Getting the message across

28 September 2011

Richard Crump reviews the implications of the International Integrated Reporting Committee (IIRC) discussion paper which calls for company reports to be delivered in a clear, concise and user-friendly format that demonstrates the links between an organisation’s financial performance and the social, environmental and economic context within which it operates. Views from Black Sun and various other interested parties on what this means for companies have been called upon to assess the benefits of these proposals.

Sallie Pilot, director of research and strategy at Black Sun, says reports “need to focus on material issues” and cover “what is integral to the over-arching strategy”.

“It will allow people to see the business in a more holistic way, enable better decision-making, and in terms of internal benefit, people within the business will be able to understand how what they do fits into the overall company strategy,” she says.

Sallie also welcomed the Department for Business’ (BIS) paper on narrative reporting, which was released a week after the IIRC report. BIS proposes simplifying the reporting requirements for companies, providing clear and relevant information to investors on performance and pay.

To see the full article please go to: Financial Director: Getting the message across

Notes to Editors

For further information please contact:

David Christopherson, CEO:
christophersond@blacksunplc.com
tel: 020 7736 0011

Laura MacSweeny, Business Development Manager:
lmacsweeny@blacksunplc.com
tel: 020 7736 0011

Black Sun Plc is one of Europe’s leading strategic corporate communications consultancies. It brings together corporate reporting, corporate responsibility communications and digital communications. Black Sun Plc delivers integrated reporting solutions that encompass a powerful combination of best practice advice on strategy, creative and multi-channel delivery, through Annual Reports, CSR reports, online reports, investor presentations and corporate websites.

Recent awards include

2011 ICSA Hermes Transparency in Governance Awards: BAE Systems for ‘Best Board Disclosure for a FTSE 100’.
2011 IRS Best Practice Annual Awards: Tullow Oil for ‘Best communication of governance and risk in the Annual Report’, and Xstrata for ‘Best communication of corporate responsibility in the Annual Report’.
2011 14^th Yearly Federal Contest of Annual Reports and Corporate Websites organised by Securities Market magazine and Investor.ru in cooperation with the Federal Service for Financial Markets: NMLK won 1st place for ‘Best all round representation’ and ‘Best interactive Annual Report’ and were awarded 2nd place for ‘Best level of information disclosure in an issuer’s Annual Report’, ‘Best Annual Report in the metals and mining sector’ and ‘Best Annual Report among Central Federal District public companies’.
2011 14^th Yearly Contest of Annual Reports organised by the RTS and MICEX Stock Exchanges:
NMLK for ‘Best presentation of the company’s investment case in an Annual Report’ and ‘Best Annual Report among central federal district companies’. Kazakhmys won 3rd place for ‘Best Annual Report by a foreign company nomination’.

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