What is the purpose of the Annual Report?
By statute, the Ohio Inspector General must prepare and submit an annual report to the Governor, members of the Ohio General Assembly and County Prosecutors reporting on the activities performed by this office and its staff. The report is released during the month of March of each year and is available to the public for a nominal fee. The inspector general is pleased to make available annual reports from previous years via this web site.
From an investor and analyst perspective the key objectives of an annual report are: • to educate and inform shareholders (potential as well as current); • to set out a strategy and report on how that strategy is being implemented; • to report on performance during the period under review and put that performance in context of the companys strategy and markets; • to explain the risks and factors that could influence the performance of the business; • to provide direction and clarity on corporate governance issues; and • to fulfil other legal and regulatory responsibilities. In addition, many companies see the annual report as an opportunity to build their corporate reputation with a wider group of stakeholders and showcase their company to customers, prospective business partners, staff and their local community.
The Annual Report is the jurisdiction’s self-assessment of its progress in implementing IWMA. Once every two years, the Board conducts its own assessment of the same; known as the biennial review. The Board reviews the Annual Reports and other data during the biennial review to determine if the jurisdiction has implemented the solid waste diversion programs it selected and whether it has met the IWMA goals. Who must report? Each city, county, or regional agency with a Board-approved planning document (such as a source reduction and recycling element or a countywide/regional agency integrated waste management plan) must submit an annual report to the Board summarizing its progress in reducing solid waste as required by Public Resources Code (PRC) Section 41821 What is the required content of the annual report? The annual report content must meet the requirements listed in Title 14, California Code of Regulations (14 CCR) Section 18794. Is there a required format for the annual report?
Like a Finance Minister presents a year’s performance and his outlook for the economy in his Union Budget speech, it is the duty of the management of the company to present its view on the company’s previous year’s performance and its future outlook to its shareholders. After all, the shareholders have funded the management’s long-term objective. Through the annual report, the management conveys its views on the economy, on the sector that it represents, the performance relative to the industry and the future growth prospects. Every shareholder is supposed to receive a copy of the annual report. Even if one is not a shareholder of a company, the latest annual reports, quarterly statements and other information filed by a company are available at www.sebiedifar.nic.in What aspects could one look for? Target Vs achievement: One factor that could enable investors to understand the management of the company is to try and match what the management expected at the start of the year and wheth
