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The Best Annual Reports of 2011
4There are few things in life you can truly count on:
- Death
- Taxes
- "Next year" being "the year" for any professional sports franchise from Cleveland to finally win a championship
- "This year" being "the year" that the annual report is put down like a badly injured racehorse
We'll leave the first three for another day... talk to me about the annual report... why is this communications tool a perennial on the "death watch" list of so many in/around investor relations? And, if it is so damaged, then why do reports such as these continue to be produced?
(My thanks to the folks at ReportWatch for allowing me to serve as the North American judge again this year... truly a labour of love)
The Conversation
Tom Newberry on September 21, 2011
Rob Berick on September 22, 2011
It’s a great question, Tom. I ask myself that regularly… most common push back I get is “It’s all old news that can be found on the website and elsewhere”... as you know, if it’s all old news, then you’re not putting the right information in the report.
Andrei Savu on September 29, 2011
“that can be found on the website and elsewhere”: that’s interesting as I think that’s probably the point. It’s there somewhere but not really so. And an AR is - as was correctly pointed out - one of those moments when you can re-think it all over again. If there is a choice between not doing it and seizing the opportunity to wrap-up a year and make the point again on your vision/strategy/outcome, why just pass it by? It goes back to the choice of communicating (and using a good opportunity to do it) and not (and hoping that “they” will find “it” “there, somewhere” and will get it right, too).
Rob Berick on September 30, 2011
Andrei - thanks for weighing in. I agree with you that the information “... somewhere but not really so.” And, as you say, it’s a big leap of faith that they will find all the pieces parts needed to get it right.
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About rob
Position:Senior Managing Director
Rob oversees Dix & Eaton’s investor relations practice and is a member of the firm’s Leadership Committee. Over his nearly 20-year career, he has developed and executed investor relations programs for companies in a wide range of industries and market cap sizes.
Latest Tweets
@theofrancis No doubt about it re: "resounding defeat" Wont be too far off that we're surprised when one passes I suspect.
May 21, 2012 12:46
Should we be surprised by such votes still? MT @theofrancis: Another #SOP defeat: Simon Property Group w/ 73% against http://t.co/9BQIysCn
May 21, 2012 10:00
@greenfaucet they are [not] saying the same things about me... spam is truly out of control.
May 21, 2012 9:32
Calendar
| May 2012 | ||||||
|---|---|---|---|---|---|---|
| S | M | T | W | T | F | S |
| 29 | 30 | 1 | 2 | 3 | 4 | 5 |
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | 1 | 2 |
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Interestingly, European and Japanese companies occupy spots 1 - 89. Perhaps the death watch is more of a US bias. AR’s are great ways to rethink both your company’s value proposition and how it is being presented. Those that engage in its development with creativity, clarity, consistency, and credibility will have the opportunity to align their efforts with employees, shareholders, business partners, customers, and the general public with greater efficiency. How do you not do it?