THE COUNTRY’S biggest institutional investors are set to recommend FTSE 100 companies cease quarterly reporting.
In shake-up of investor relations, the Investment Association – whose members represent around a third of the FTSE 100 – is to encourage long-term thinking in a series of demands with the aim of getting more out of the UK’s top businesses, the Telegraph reports.
The edict will require companies in the FTSE 350 to comply or explain how quarterly reporting fits into their business plan. The IA will monitor those which fail to do so.
The regime is one of 11 arrangements the group is to set out in a radical report due out later this week.
Some companies, including Legal & General and Unilever have already done away with quarterly reporting, but the vast majority of major listed companies persist with the practice.
The report is to examine five areas: company reporting, investor stewardship, the relationship between owners and companies, capital markets, and the legal and regulatory framework.
Increase governance without stifling competitiveness; enforce already-in-place rules; were the key messages from the business community after the government released a green paper on governance
Our latest in a daily series of interviews with FDs showcases Semafone CFO Katherine Grover, who talks about the changing focus of her role, and big projects for the year ahead
ISS UK & Ireland promotes the head of treasury at ISS Group Denmark to CFO