Client’s annual report garners marketing award

How big can we dream? That was the question First Calgary Financial used to underpin the theme for its 2010 annual report. Significantly, it was also a question embedded in the credit union’s new strategic plan.

The annual report theme was selected to help stakeholders understand the organization’s direction and bring to life operational and sustainability achievements in 2010 through a series of stories. Among these was the experience of a young business member who had a dream to build an upscale tattoo studio featuring the work of classically trained artists. Not exactly the type of business you’d expect a financial organization to use to portray how it operates, but then First Calgary Financial doesn’t do business as usual. Read More »

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What makes a great annual report?

Asking an investor what makes a good annual report is like asking somebody what makes a good pizza. Some enjoy the simplicity of a thin, crispy crust topped with only tomato sauce and cheese. Others prefer thick-crusted varieties capable of supporting a shopping-cart load of toppings.

What’s the secret sauce for annual reports? Like good pizza, it usually boils down to keeping things simple. As Leonardo da Vinci proclaimed, “Simplicity is the ultimate sophistication.” I’m not sure what Leonardo would say about annual reports, but keeping them simple these days is a challenge. Read More »

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Exchanges: Remarkable news and quotes

Study calls for truer account of performance. Major investors ask companies to embrace ESG issues. Hybrid annual reports on the rise. Read More »

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Stakeholder Engagement: Worth its weight in gold, and more

What gets measured, matters. Measuring the effectiveness of stakeholder, investor and other corporate communication activities, however, has always been somewhat ambiguous. Until now.

Wharton Professor of Management Witold Henisz has found a way of measuring the benefits of stakeholder engagement activities to public mining companies that operate in risky environments. Henisz and two co-authors researched the role that stakeholder events played in companies’ efforts to maximize profits. The answer: huge. Read More »

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Exchanges: Remarkable news and quotes

New coalition aims for better sustainability ratings. Association seeks improved sustainability reporting. Read More »

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3 tips for simplifying your annual report

Complexity is unavoidable in today’s ever more complicated and sophisticated business environment. Much of the complexity in corporate reporting, however, is created by the sheer volume of disclosure. The solution? Thoughtful reduction to achieve simplicity. Read More »

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5 ways to improve annual report narrative

Annual reporting season has finally and mercifully come to an end for most companies.  The cost of this exercise? Just for Form 10-K, the SEC estimated that companies chalk up 4 million hours of staff time and 12 million hours of outside advisor time, which, at $300 per hour, amounts to $3.6 billion. And that doesn’t begin to account for the cost of preparing, printing and shipping traditional annual reports. Read More »

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Exchanges: Remarkable news and quotes

Benefits of integrated reporting. Transparency is not about giving away secrets. Read More »

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Telling the story behind the numbers

Love it or hate it, management’s discussion and analysis, or simply the MD&A, provides a window on details behind earnings and other key performance numbers. But is the MD&A a bastion of storytelling and plain language? Probably not.

So how can you capture a reader’s attention and communicate clearly and effectively in the MD&A? The answer is to Read More »

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Wise words and plain language from Warren Buffett

Warren Buffett, legendary investor and Chairman of Berkshire Hathaway, recently released that company’s 2010 annual report. His famously open and honest shareholder letters first appeared in 1977. The letters are a must-read for anybody who communicates in writing with stakeholders. Read More »

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