Does your corporate reporting measure up?

The importance of delivering accurate and complete information to potential investors is obvious; the best way to do that is not as clear as it used to be.

Entering the Awards of Excellence in Corporate Reporting is an efficient way to assess whether you’re keeping pace with expectations.

The changing landscape

New standards and regulatory requirements, integrated reporting and increased use of non-GAAP measures are just some of the new challenges businesses face in delivering a compelling investment proposition.

Benchmarks continue to evolve

Comparing your corporate reporting to benchmarks established by Canada’s top tier reporters reinforces whether you are on target and, just as importantly, identifies areas that can be improved.

Last year, top reporters:

  • provided clear comparisons on how achievements and disappointments compared to previously published goals
  • exceeded Canadian Securities Administrators requirements, providing corporate governance disclosures that were comprehensive and transparent, particularly in areas such as:
    • strategic planning
    • risk management
    • director nominations
    • audit committee qualifications
    • executive compensation
  • made effective use of social media, particularly Twitter, and found creative ways for stakeholders to access their information on mobile devices
  • put a high priority on informing stakeholders about the socio-economic factors and environmental limits that could constrain a company or create a business opportunity

Judged by leading experts

Our panel of independent judges is comprised of experts in all facets of corporate reporting. Publicly listed companies are judged on:

  • financial reporting
  • sustainability reporting
  • electronic disclosures
  • corporate governance disclosures

Crown corporations are judged on financial reporting.

Winners join an elite group

Awards of Excellence are presented in each of the four judging areas, as well as industry groupings. Last year, the winner’s circle included some well-known titans as well as entrants that were working hard to unseat them. In addition to being celebrated at a black-tie event in downtown Toronto, winners are:

  • recognized on the Chartered Professional Accountants of Canada (CPA Canada) website
  • profiled in the annual Judges' Book
  • identified in CPA Magazine and Listed magazine
  • provided with a video from the awards gala showcasing their achievement for investors, stakeholders and colleagues back at the office

It’s not just about the hardware

Each year, a sizeable number of entrants are not motivated by winning an award (at least not yet). They are more interested in hearing what the judges have to say about their work.

All entrants receive a valuable confidential assessment from the judging panel that outlines how they measure up against best practices and innovations. This feedback is extremely valuable in helping the organization improve its reporting year over year.

By choosing to participate, the entrant sends a strong, confident message to the markets. Simply entering demonstrates a commitment to excellence and moving beyond the status quo.

This is important

In the 2015 Judges' Book, TMX, a long-time supporter of the program, pointed out that building and sustaining trust in how a business operates and drives its current and future success has arguably never been more important or as challenging.

This is the time to enter the Awards of Excellence in Corporate Reporting.