Will the Company Law Reform Act change the job of UK IROs?
IR professionals are divided on the effects of the Company Law Reform Act. According to a recent survey of IROs at FTSE 100 companies conducted by corporate reporting agency Pauffley, 84 percent believe the act will have no effect on the IR role at their organization. Andrew Mann, IRO at BAE Systems, says his company has been fully disclosing all along. ‘If a company is already committed to transparency, it’s not going to be a major change,’ he points out.
Yet many IROs say
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