Timely reporting to shareholders

Article Abstract:

Do British companies report to shareholders in a timely enough manner? Such reporting should be in time for the stockholder to make decisions based on the information. In research done by MHC Lunt for the ICAEW, timeliness was studied in 50 large and 50 small companies, together with 17 non-industrial companies. Industrial companies tended to take an average of 75 days between the end of a fiscal period and the reporting of information. Non-industrial companies were quicker - 31 to 60 days. Most companies (over 90%) sent reports directly to the shareholder rather than advertising only. Other conclusions were that if the news was bad, the report would probably be sent later, the patterns of reporting follow industry traditions rather than the individual company's attitudes, late reports give less information, are less communicative, nationalized companies report later than private, U.S. es and Exchange Commission requires annual reports to be filed within 90 days and this is met by all New York Stock Exchange companies. British companies are required to make financial reports by the Companies Act. In order to be fully accountable to shareholders, companies should make complete and timely reports, and criteria should be established for different types of companies.

Financial statements, Great Britain

---

Reporting in the Universities

Article Abstract:

Worries about weathering financial cuts has caused universities to reassess their financial reporting system. Universities report in two separate ways. Form 3 is completed for the University Grants Committee. It is a comprehensive document that all universities complete to receive their major funding. Each university designs its own financial statements, often based on Form 3. A committee set up by the Committee of Vice-Chancellors and Principals (CVCP) has nearly completed its document that it is developing to standardize the financial statements of the various universities. Comparisons between university institutions will be easier to understand and evaluate with a standard form. The format of the document is discussed. A separate document will be required from the non-teaching and nonresearch areas of the university so as to avoid confusion. It is hoped that the statement will be in operation for the 1984-1985 financial year.

Universities and colleges

---

Directors' reports on employee involvement

Article Abstract:

An examination is made on how management responds to the new rules on how to produce a statement included in the directors' report covering the range of employee involvement in their respective firms. The Employment Protection Act of 1982 stipulates that firms with over 250 workers must include with the directors' report a statement covering worker participation in the decision-making processes. Report preparation is examined.

Decision-making, Decision making, Management, Planning, Corporate directors, Accounting and auditing, Employee ownership

Similar abstracts:

• Abstracts: Reinventing trust. Angel investors and the market for angel investments. Beating interest chill
• Abstracts: Reporting changes in the electricity supply industry and privatisation. Estate, gift, and generation-skipping transfer tax changes in the 2001 act
• Abstracts: Electronic Mail: New Steps, Broader Applications. Perceptions of the Royal Mail case in the Netherlands. Supermarket sweep for Electronic Retailing
• Abstracts: Marketing associations have forsaken members. Foreign direct investment: Survey of Implementation of Methodological Standards
• Abstracts: When is adjustment due to partners' retirement made? Dune writing case. Writing made easy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.