The discussion paper outlines a blueprint for a more agile approach to corporate reporting which challenges existing thinking about how companies can more effectively meet the information needs of investors and other stakeholders.

Proposals include:

• unbundling the existing purpose, content, and intended audiences of the current annual report by moving to a network of interconnected reports;
• a new common set of principles that applies to all types of corporate reporting;
• objective-driven reports that accommodate the interests of a wider group of stakeholders, rather than the perceived needs of a single set of users;
• embracing the opportunities available through technology to improve the accessibility of corporate reporting; and
• a model that enables reporting that is flexible and responsive to changing demands and circumstances.

Comments on the discussion paper are invited by February 5, 2021.

Review the discussion paper and related documents on the FRC's website.