We just have learned AGM. Now AGM is seen as the most important, and perhaps only, opportunity for the directors to communicate with the shareholders of the company.
Shareholders are true owner of the company and so they are entitled to have maximum information about the company.
But according to legal requirement, shareholder receives the information through the Annual Report and Financial statements.
Apart from the legally required disclosure company can communicate information voluntarily also through various other medium of communication also like press note, management forecast, website.
Company sometimes can include voluntary disclosures in the Annual report instead of making any separate disclosure.
Below things are usually communicated voluntarily through annual report.
– CEO or Chairman’s statement
– Risk disclosure
– Governance
– Social and environmental reporting
– Other