By Richard Ketchen on October 19, 2011
ASKING an investor what makes a good annual report is like asking somebody what makes a good pizza. Some enjoy the simplicity of a thin, crispy base topped with only tomato sauce and cheese. Others prefer thick-crusted varieties capable of supporting a shopping-cart load of toppings.
By Richard Ketchen on April 4, 2011
LOVE it or hate it, Management’s Discussion and Analysis (MD&A) provides a window on details behind earnings and other key performance numbers. But is the MD&A a bastion of storytelling and plain language? Probably not.