The goal of any company is to create value for its stakeholders — be they customers, employees, shareholders, or society as a whole. Unsurprisingly, companies spend considerable effort communicating to the world how they have done this and how they plan to do so in the future. When it comes to corporate reporting, however, many companies fall short: they may satisfy their fiduciary duty yet fail to convey a clear and honest representation of the company, its performance, its governance, its composition and its prospects. This state of affairs benefits no one. (Heidrick)
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