Have you considered what type of shareholders your company would like?
In producing their annual reports companies need to consider what type of shareholders they want, Paul Lee, head of corporate governance at Aberdeen Asset Management, told members of the Institute of Chartered Accountants of England and Wales (ICAEW) at an event held jointly with the UK Financial Reporting Council. Lee was part of a panel discussion on financial reporting for small listed and AIM quoted companies. And in expressing the investors view he said there are three myths that companies should move away from. "The recurring theme in my remarks today is that company need to consider what sort of shareholders they want," he added.The first myth, Lee said, is that nobody reads the annual report. "It's just not true; investors read and use annual report."