THE JSE has decided that, from early next year, listed companies will be required to publish a short-form summary of their results in newspapers, a significant diminution of the long-time obligation to provide a full results breakdown. The change happens at the same time as a host of others, including the requirement to publish so-called integrated reports.These "integrated reports", which will be available in print, on company websites and by e-mail to investors and other interested parties, are intended to create a more holistic picture of the corporation in all its aspects, not merely financial. They will put some pressure on companies, but in general they are to be welcomed.The introduction of the reports reflects the changing role of the company in society and echoes the broader fiduciary duty on asset and pension managers to invest in companies that meet long-term viability tests across not only financial, but also environmental, governance and social dimensions. The modern co...
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