To improve disclosure standards and help shareholders make informed decision, markets regulator Sebi on Monday asked top 500 listed companies to voluntarily adopt integrated reporting framework from next financial year.
Such reporting will indicate a concise communication about how an organisation's strategy, governance, performance and prospects create value over time. The move is aimed at providing stakeholders relevant information that is useful for making investment decisions. The decision has been taken in consultation with industry bodies and stock exchanges.
"Integrated Reporting may be adopted on a voluntary basis from the financial year 2017-18 by top 500 companies which are required to prepare BRR (business responsibility reports)," Sebi said in a circular.
The BRR is mandatory for top 500-listed entities based on market capitalisation at BSE and NSE. These are submitted by the companies along with annual reports and indicate, among others, the number of complaints related to child labour, forced labour, involuntary labour and sexual harassment during a financial year.
Sebi said that information related to integrated reporting should be provided in the annual report separately or by incorporating in 'Management Discussion & Analysis' or by preparing a separate report. In case the firm has already provided the relevant information in any other report prepared, it should provide appropriate reference to the same in its integrated report so as to avoid duplication of information. PTI
The move is aimed at providing stakeholders relevant information that is useful for making investment decisions. The decision has been taken in consultation with industry bodies and stock exchanges. "Integrated Reporting may be adopted on a voluntary basis from the financial year 2017-18 by top 500 companies which are required to prepare BRR (business responsibility reports),"
Sebi said in a circular. The BRR is mandatory for top 500-listed entities based on market capitalisation at BSE and NSE. These are submitted by the companies along with annual reports and indicate, among others, the number of complaints related to child labour, forced labour, involuntary labour and sexual harassment during a financial year.
Sebi said that information related to integrated reporting should be provided in the annual report separately or by incorporating in 'Management Discussion & Analysis' or by preparing a separate report. In case the firm has already provided the relevant information in any other report prepared, it should provide appropriate reference to the same in its integrated report so as to avoid duplication of information. PTI
The BRR is mandatory for top 500-listed entities based on market capitalisation at BSE and NSE. These are submitted by the companies along with annual reports and indicate, among others, the number of complaints related to child labour, forced labour, involuntary labour and sexual harassment during a financial year. Sebi said that information related to integrated reporting should be provided in the annual report separately or by incorporating in 'Management Discussion & Analysis' or by preparing a separate report. In case the firm has already provided the relevant information in any other report prepared, it should provide appropriate reference to the same in its integrated report so as to avoid duplication of information.