INTEGRATED REPORTING AND DISCLOSURE PRACTICES IN INDIA:A STUDY OF SELECT BSE SENSEX COMPANIES WITH SPECIAL REFERENCE TO GUIDING PRINCIPLES OF INTEGRATED REPORTING
Today stakeholders seek both financial as well as non-financial information to make a well-informed investment decision. An integrated report (IR) aims to provide a concise communication about how an organisation's strategy, governance, performance, and prospects create value over time. International Integrated Reporting Council ('IIRC') has prescribed Guiding Principles that underpin the preparation of an integrated report, specifying the report's content and how information is to be presented. Around 1,500 global companies in 62 countries adopted Integrated Reporting till August 2018.." In India, the Securities and Exchange Board of India also SEBI mandates the requirement of submission of Business Responsibility Report ('BRR') for top 500 listed companies under the Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI LODR"). The fundamental principles required to be reported by the entities pertain to areas such as environment, governance, stakeholder's relationships, etc., in line with the IR framework prescribed by IIRC. This paper's primary objective is to examine the guiding principles of IR followed to prepare the integrated annual report by select Indian companies. This study based on descriptive and analytical research using the un-weighted disclosure method. The relevant data/information is collected from annual report of 5 selected BSE companies prepared an integrated annual report for 2016-17. The study expects to understand better IR, opportunities and challenges in adoption in India.
annual, companies, integrated, report