Printed company annual reports to continue as digital bid is dropped

A proposal which would have allowed companies to stop printing annual reports and go online-only has been dropped due to opposition from investors.

The Financial Reporting Council, an independent regulator of corporate governance, had proposed that companies should be able to post their annual report and accounts on their websites rather than produce them in print.

However during consultation the plan met with opposition from stakeholders, who said they found it easier to read hard-copy reports and also raised concerns that online information could be altered after publication.

In its report Effective Company Stewardship: Next Steps, the FRC says, ‘[We have] taken note of these views and do not intend to change the way that companies publish their reports.’

Printed annual reports have traditionally provided a significant amount of work for graphic and print designers, with recent examples including NB Studio’s pocket-sized annual review for the British Heart Foundation.

Related story: NB Studio creates pocket-sized annual review for British Heart Foundation. (11 August)

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