The Quality Of Narrative Disclosure Essay example

The Quality Of Narrative Disclosure Essay example

Length: 1363 words (3.9 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Introduction The company’s narrative disclosure is a direct way to let the management communicate with its shareholders and external stakeholders. Through assessing the information disclosed in the narrative disclosure, the performance, strategy and market position of the company can be evaluated by shareholders and external stakeholders. Therefore, it is important to guarantee the quality of narrative disclosure. However, the standard criterion of quality of narrative disclosure is very difficult and complicated to define as it depends on the purpose of users who assess those disclosures. In order to clearly show how the quality of narrative disclosure is evaluated, a company from FTSE 350 will be selected in this report. Rexam PLC is a leading manufacturer of beverage cans in the world. This company summarizes its performance yearly through the annual report. In order to fit the different purpose of different users, the annual report is splitting into different segments. This report primarily concentrates on last two years’ chairman reports which were disclosed by Rexam’s chairman, Stuart Chambers. The primary users of chairman report are shareholders, and they are mainly using the chairman report to assess the results the company achieves and examine the effectiveness of the board. Therefore, the following evaluation about the quality of chairman report will base on shareholders’ perspective. “Guidance on strategic report 2014” published by Financial Reporting Council indicates that the primary purpose of financial reporting is providing relevant and transparent information to shareholders to help them make correct decisions...

... middle of paper ...

...13 chairman report, messages about capital allocation and dividends are represented in a same segment which is only account for 15% of whole chairman report. However, a new segment for explaining capital allocation is showed in 2014 chairman report. Such action can not only notify shareholders information about how Rexam PLC deal with their investment, but also increase the transparency and reliability of chairman report. Finally, strong positive information about highlighting the effectiveness of board reduces sharply in 2014 chairman report. On the contrary, more paragraphs about future prospects and financial risk management are expressed in 2014 chairman report to ensure shareholders get sufficient information about Rexam PLC’s future plans and increase shareholders’ confidence regarding the future performance of the company.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Disclosure of Climate Change-Related Information by Chinese Companies

- This study explores the disclosure of carbon emissions and climate change-related information by businesses in China. 1. Background Climate change is one of the most important international issues and the United Nations Framework Convention on Climate Change (UNFCCC) sets an overall framework for intergovernmental efforts to tackle the challenges posed by climate change (Guidance on how to measure and report your greenhouse gas emissions, 2009).With the increasing awareness of the severity of climate change, the reduction of CO2 emissions has become a predominant topic....   [tags: Climate Change Information Disclosure]

Better Essays
3051 words (8.7 pages)

Analysis of the Movie, Disclosure Essay

- Disclosure is a drama/thriller. The genre for this movie states, “Sex is Power”. Tom is a happily married man, a successful computer expert, and works for a major computer company “Digicom”, which is about to merge. He believes he is going to receive a promotion because of all his devotion and work for the company. Instead the job goes to Meredith, who is from another plant and with whom he was romantically involved in his bachelor days. She is now his new boss, who is very aggressive, sexy and dedicated to destroy him after he refuses to have an affair with her....   [tags: Disclosure Movies Sex Films Essays]

Better Essays
4404 words (12.6 pages)

The Quality Of Food Quality Audit Essay

- For an industry that can affect human health, it is important to understand and differentiate the terms assurance and control in quality. While quality assurance refers to the process that the food product goes through before it is presented to the customer, quality control is essentially the quality of the food product presented. Control is focused mainly on the adherence of the standards and assurance on the other hand is focused on the process but not specific requirements. While preparing potato crisps for example, quality assurance will explain the pre-set method or type of technology used in preparation and quality control will address the required health and nutritional standards or...   [tags: Management, Quality assurance, Quality control]

Better Essays
764 words (2.2 pages)

Essay about Quality Planning and Quality Assurance

- What is quality Management activities and function involved in determination of quality policy and its implementation through means such as quality planning and quality assurance including quality control. Quality management principals to all areas of business from starting (design) t end (delivery) and confining them only for production activities. Significance of quality is ,to increased revenue and market share and through this it gives fast response to market opportunities. It helps to improve customer loyalty too....   [tags: quality control, management, quality policy]

Better Essays
1180 words (3.4 pages)

Essay on The Australian Commission On Safety And Quality in Healthcare

- Introduction Health is an ever growing and developing sector. Newer diseases raise their head from time to time. These developments put new challenges for mankind. To meet the challenges put forward by the diseases and their outcomes; there is a need for scientific and strategic innovations. These innovative measures empower the healthcare sector to fight the disease and overcome the disease burden. Australian commission on safety and quality in healthcare is also one such innovative step that aims at provision of a universal healthcare service to all across Australia....   [tags: Quality Health Standards]

Better Essays
1666 words (4.8 pages)

Quality Characteristics Of Food Quality Essay

- 1. INTRODUCTION Food quality is that the quality characteristics of food that 's acceptable to consumers. This includes external factors as look (size, shape, color, gloss, and consistency), texture, and flavor; factors like federal grade standards. Food quality is a vital food producing demand, as a result of food manufacturers are at risk of any variety of contamination which will occur throughout the producing method. Several customers additionally accept producing and process standards, notably to grasp what ingredients are gift, because of dietary, nutritionary needs....   [tags: Management, Quality assurance]

Better Essays
941 words (2.7 pages)

Hiv Disclosure : A Concept Analysis Essay

- University of South Alabama HIV Disclosure: A Concept Analysis Addressing barriers to care in patients diagnosed (HIV) is critical in improving patient outcomes. HIV patients are often dually diagnosed with mental illnesses. The phenomenon of interest focused on identifying and addressing the obstacles this population face. The HIV positive population are often met challenges of battling internal and external stigmas as well as managing mental illnesses (Lowther, Selman, Harding, & Higginson, 2014)....   [tags: Sociology, Interpersonal relationship, Patient]

Better Essays
1106 words (3.2 pages)

The Disclosure Of The And E Of Financial Reporting Essay

- This report objects to succinctly compare between the disclosure of PP&E as AASB116 and Western area’s disclosure on PP&E of financial statement. It firstly outlines the objective of general purpose financial reporting of company and its relevance to the qualitative characteristics such as relevant, faithful representation, timeliness, verifiability, comparability and understandability. It will then go on investigates and analyze Western area’s current general purpose financial reporting and its future advices....   [tags: Generally Accepted Accounting Principles]

Better Essays
1129 words (3.2 pages)

The Quality Theory Of Quality Essay examples

- MANAGEMENT’S RESPONSIBILITIES Quality is not only the obligation of one individual or one division in the association as it once might have been. Today, everybody from the CEO to the generation laborer or administration supplier is specifically in charge of value. Directors assume a key part in the accomplishment of any quality activity. They serve the basic correspondences join in the middle of administration and the worker. They should comprehend both the difficulties of the laborers and desires of top administration....   [tags: Management, Project management, Quality control]

Better Essays
1596 words (4.6 pages)

Disclosure in Work Environments Essay

- Open communication between individuals is very important. This quality is what makes relationships run smoothly between two or more individuals. Barnett, Cochran and Taylor explored significant relations between the openness of communication between management and employees in a previous study (1993). These researchers found that employees expressed concerns and the level of internal disclosures by employees in the study (Barnett et al., 1993). Barnett, Cochran and Taylor also found in their study that external whistle blowing may lead to “negative publicity, regulatory investigations, and legal liability issues” (1993)....   [tags: Communication, Interpersonal Communication]

Better Essays
1343 words (3.8 pages)