Question
The behaviours that narrative reporting has been found able to affect [include] corporate governance practices, internal decision making and the thinking of organisations. Further .
The behaviours that narrative reporting has been found able to affect [include] corporate governance practices, internal decision making and the thinking of organisations. Further . mandating narrative reporting for non-financial information is unlikely to generate social changes. Even so, it is still preferable as it is homogeneous, comparable and offers useful information. Studies have found that the way organisations report narrative information and the emphasis placed on the agenda-setting role of reporting can cause changes in organisational behaviour Literature shows that when the costs of narrative reporting are considered too onerous or potential reputational damage of reporting exists (Gao et al. 2019; Goergen and Tonks 2019), organisations might employ avoidance strategies or adopt a tick-the-box compliance approach in their reporting. Michelon G (2021) Narrative Reporting, State of the Art and Future Challenges The Future of Financial Reporting 2021 FARSIG |
Required
Critically explore the impact of these findings on the role of mandatory disclosure of CEO pay ratio and gender pay ratio and board and staff diversity, concluding whether disclosure is a substitute for regulation in these areas of governance.
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