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perhaps I am a jaded old cynic
but if it is friends of the earth that are complaining then perhaps gordon has a point? making annual accounts bigger is hardly environmentally friendly!
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The uk keep investors in the dark because the investors are not interested in their investments.
As long as they don't lose money who cares. I have invested £2,000,000 in a company called moneyforeveryone.com and as long as my monthly cheque for £25,000 arrives, I am happy.
Making accounts useful to investors
Look at the difference between US reporting and UK reporting on this one.
US reports contain a reasonably detailed discussion of the material events in the year and their impact on the entity's results. Good information for investors to see the company as management see it.
UK accounts have the directors' report and a few other basic documents which are much more limited in ambition and hugely LESS informative.
Why does the UK keep investors in the dark? The OFR would have plugged this gap.
I am disappointed at its being scrapped.