What is corporate reporting
The exact definition of corporate reporting differs depending on who you speak to. However, throughout this web site we use the term ‘corporate reporting’ to relate to the presentation and disclosure aspects - as distinct from accounting/measurement - of the following areas of reporting:
- Financial reporting
- Corporate governance
- Executive remuneration
- Corporate responsibility
- Narrative reporting
At the core of the corporate reporting model is the financial reporting model, consisting GAAP-compliant financial statements and accompanying notes.
Relates to the communication of processes by which companies are directed and controlled. Levels of disclosure differ worldwide but might include information on board composition and development, accountability and audit and relations with shareholders.
The communication of how executives are remunerated, both in the short and longer-term, in order to deliver on their company’s strategic objectives.
Corporate responsibility includes the communication about how companies are understanding and managing their impact on people, clients, suppliers, society, and the environment in order to deliver increased value to all our stakeholders.
Narrative reporting is shorthand for the critical contextual and non-financial information that is reported alongside financial information so as to provide a broader more meaningful understanding of a company's business, its market position, strategy, performance and future prospects - including quantified metrics.
