Stakeholder reporting is communicating how a company defines and measures its purpose and commitment to all stakeholders. It’s a topic of much interest as companies look to balance driving shareholder value with playing a broader role in society. Join Heather Horn as she and Wes Bricker discuss purpose-led reporting and where it’s going in the short and long term. Topics include:
0:47 - Overview. Recently, the Business Roundtable leaders met to redefine corporate purpose. Wes gets us up to speed. Then he explains that shareholder primacy and stakeholder capitalism are not mutually exclusive.
4:57 - Measurement. How are companies measuring the broader commitment they are making to stakeholders, and where should companies who are thinking about this type of reporting start? Wes explains.
"Market structure is adjusting to additional data that companies are reporting, and investors are increasingly using that information as they allocate their capital and judge a company's performance; and, because that communication has impact in the marketplace, it's worth doing well." - Wes Bricker
Wes Bricker is PwC’s Vice Chair and Assurance Leader for the US and Mexico. In this capacity, he serves as a member of the US Leadership Team and the Global Assurance Executive Leadership Team. Wes’ leadership and oversight of the Assurance practice encompasses audit quality, business development and portfolio strategy, human capital, diversity, innovation, and technology.
Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
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