Effect of the integrated annual report on stakeholder communications : a South African perspective
Watson, Viki Jane
The integrated annual report (IAR) has progressively developed into a hotly debated topic amongst corporate entities and scholars. The purpose of this research is to explore the effect the integrated annual report (IAR) has on stakeholder communications. The IAR is defined by the Institute of Directors South Africa (IoDSA, 2010) as an organisation‟s channel to communicate with stakeholders, which enables them to evaluate the short-medium-long-term sustainability of a company. For most listed companies, the IAR has become their primary stakeholder communications channel to communicate all relevant corporate information with stakeholders. This research has found that the IAR has had an effect on stakeholder communications; through its promotion of increased transparency and disclosure of information to stakeholders. Currently there are multiple academic and professional reports that aim to facilitate the production on an IAR. The King III Code is the primary framework that all South Africa listed companies are mandated to follow by the Johannesburg Stock Exchange (JSE). Whilst conducting eleven semi-structured in-depth interviews, the researcher realized that there was a need for a simplified academic model that could condense the purpose of the King III Code principles; to explain the relationship between strategy, corporate governance, material risks, financial and non-financial performance, and short-medium-and- long-term sustainability. Ultimately, this research has yielded such a model.
Corporation reports , Corporate governance -- South Africa