Financial Sustainability Integrated Reporting
Added on 2020-04-13
14 Pages4371 Words36 Views
Running Head: Financial Sustainability Integrated Reporting1Project Report: Financial Sustainability Integrated Reporting
Financial Sustainability Integrated Reporting2ContentsIntroduction.......................................................................................................................3Corporate governance.......................................................................................................3Literature review...............................................................................................................4Corporate governance as integrated report’s part:............................................................6Relationship between integrated reporting and corporate governance.............................8Conclusion................................................................................................................................10References.......................................................................................................................12
Financial Sustainability Integrated Reporting3Introduction:Corporate governance is crucial for every organization. In the given case, corporate governance has been analyzed. Ms Serrah was interested to do a course in integrated reporting but due to some issues, she has moved on and didn’t appear in the course. Now in this case, she has shown her willingness to know more about integrated reporting and corporate governance. In this report, the main study has been done over the integrated reporting. The origin of integrated origin is in corporate governance. It assists the organization in enhancing the ability of the company in managing the value of the organization in short term, medium term and long term. The corporate governance is an internal system which contains the process, procedure, people and various strategies that serve the needs and requirements of the stakeholders as well as shareholders by managing, directing and controlling the activities by the top level management of the company along with savvy, integrity and objectivity of the company. The main goal of this report is to analyze and explain the importance, relationship and concepts of the integrated reporting. Further, various other concept of the integrated reporting has also been analyzed to enlighten the concept of integrated reporting for Ms Serrah. Corporate governance:Corporate governance, corporate reporting, responsibility and integrated reporting are the significant terms which have been used in an international business to manage the business. The main motive behind enhancing these terms is the financial crisis and the various problems in the market. The enhancement incidence behind integrated reporting is of accounting scandals and environmental disaster (Eccles & Krzus, 2010). Further, business concepts are quite complex and thus it is required for the businesses to manage and maintain the corporate reporting. The concept of corporate reporting makes it simple for the business to enlarge the business. Earlier, the financial reporting used to be enough for the international business to manage and analyze the performance and the position in the market. But now the market has been complex and with the complexity, various problems have also been enhanced in the market (Jensen & Berg, 2012). So, the concept of integrated reporting would be useful for thecompany to manage all the complexity and the problems in the organization.
Financial Sustainability Integrated Reporting4Firstly, the concept of integrated reporting depict that the performance of an international company bases over various financial and non-financial factors. For analyzing the better performance of the company, it becomes important for the management of the company to relate all these aspects and the variables with the help of the integrated reporting to make a better study and decision (Frias‐Aceituno, Rodriguez‐Ariza & Garcia‐Sanchez, 2013). Interpreted reporting connects governance, financial, non financial, remuneration, social, environmental and economical factors of a company. The concept of integrated reporting could also be analyzed through the definition that this concept follows the targets and strategies of the company to set the business. Literature review:The concept of integrated reporting could be understood more briefly through conducting a study over various articles, study and magazine. Currently, entire corporate scandals have been taken place due to corporate scandals and the insufficient control system over the business. This all has impacted the policies and corporate governance power of the company. Basically corporate governance arises because of conflicts among two parties of the company and their interest. The associated parties are managers of the company and the shareholders of the company. de Villiers, Rinaldi & Unerman, (2014) has defined that the corporate governance is n internal system which contains the process, procedure, people and various strategies that serves the needs and requirements of the stakeholders as well as shareholders by managing, directing and controlling the activities by the top level management of the company along with savvy, integrity and objectivity of the company (Adams & Simnett, 2011). Further, various organizations and the corporate governance department of various countries have explained that the corporate governance is a set of companionship among the management of the company, board of directors, shareholders of the company and the stakeholders of the company. Further, Eccles & Saltzman, (2011) has explained in his study that corporate governance explains the various significant issues which manages and integrates the social, economical and environmental values and the business operations of the company.According to the Flower (2015), it is required for every organization to manage and maintain the position of the corporate governance in an organization. Corporate governance must be disclosed by the every organization on the aspect of politics, risk, social values,
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Impact of Corporate Governance Strategies on Pay Fairness: A Case Study of Morrisonlg...
|8
|1508
|201
Sample Assignment on Accounting (doc)lg...
|7
|1592
|27
Corporate Governance Assignment Solutionlg...
|10
|2774
|87
Global Regulation: Viability and Risks of International Standardslg...
|8
|2421
|412
Integrated Reporting: The Future of Corporate Reportinglg...
|12
|2808
|96
Accounting Concepts in Corporate Integrated Reporting Systemlg...
|7
|1534
|38