FRC announces long-term project into the use of digital media by companies
30 Apr, 2014
The Financial Reporting Council (FRC) has today announced a long-term project into the use of digital media by companies in their corporate reporting. The aim of the project is “to understand how technology is, and can be used, to enhance communications with the investment community”.
The project, expected to last 18 months, will be undertaken by the Financial Reporting Lab and will look into:
- how companies are currently using digital media (websites, videos, apps, social media blogs etc) to report externally to investors, how investors are using the digital media produced by companies and areas that companies should focus their attention on;
- barriers to the use of digital media in corporate reporting; and
- how companies may use digital media and technology to report to investors in the future.
The FRC invites listed companies, investors and analysts to express their interest in taking part in the project by 30 May. The first part of the project (first bullet above) will be undertaken in the summer with a report of findings expected to be published “towards the end of this year”.
A press release with further details can be obtained from the FRC website.
