A small case study of New York based corporations on reporting systems

This case study includes corporations with its headquarters in New York. In the small sample there are corporations like: PEPSICO, Thomson Reuters, WPP, LVMH and others.

It was interesting that in many cases, the LinkedIn proved to be valuable source of the information where are the headquarters of some of the corporations. Like, if I search for our company Vizuarna headquarters, the first result on Google is the Vizuarna’s profile on LinkedIn. Interesting, isn’t it? The same way it is possible to find some other corporations headquarters. And yes. Many of the worlds most known corporations actually have their headquarters in New York. Not necessary in New York City but still.

Three lessons from the reporting system established

And after studying the reporting systems of some of the corporations in New York, what have I found out? The most important lesson: all of them have actually a reporting system established. No mistakes. Some have appointed even executives director for investment affairs. What were some of the best features in this reports in my opinion? Three things really to remember:

  • first, one of the corporation studied has its interactive annual report made already in 2003. And the reports are published on the web site as way back as in 1999. And everything about the annual report is totally integrated into the site. Really remarkable. Interactive version made rather simple like a flash publication but with good possibilities of printing, mailing and others, be that the whole report or its part by pages.
  • second, promise of the annual report, let say some kind of tactical tag-line, a sort or even really a brand promise explained in short and in details. That’s the way to do it. and
  • third, the whole annual report presented in a summary. All the chapters are there but everything is in short. Really in short but with all relevant information. What do I really need to know about the income statement? There are really only 2×3 things to know. Revenues (in sales, financial, other) and expenses in the other way (again operations, financial and other) and that’s it. And some make even a summary from the summary. Shorter version of the short version. And that is true for other chapters of the annual report as well. That way it becomes more interesting for larger target groups not only for people who have to read the reports by duty. Enhanced transparency, I would called it.

There are some other things to be mentioned, like sharing possibilities on SlideShare or some reports really followed the line throughout the years. Just like their corporate strategy is to be followed (if successful), so have the annual reports its design consistency.

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