KPMG are amongst a large group of accounting firms and regulators involved in the International Integrated Reporting Council www.theiirc.org. The Council is working on guidelines for how companies should report information that more effectively explains to investors and other stakeholders how the business works. This, it is hoped, will enable better understanding of a firm’s performance and prospects, and tackle the issue of “short termism” amongst management and investors that is believed to be widespread and problematic. The guidelines ...