SINGAPORE - The Singapore Accountancy Commission (SAC) and the National University of Singapore have jointly unveiled a guide to help companies here improve the way they disclose information to shareholders about risks and opportunities affecting them.
The Risks and Opportunities Management Disclosure Guide is the first of its kind in Singapore, and will show those preparing company reports how to meet their stakeholders' need for this type of information.
Released on Tuesday, the guide will also enable organisations to implement integrated reporting, which has become an increasingly important part of sound corporate governance practices, SAC said.
The commission's chief executive, Mr Uantchern Loh, added: "The future of corporate reporting lies in the integration of financial and sustainability strategies. The effective management of risks and opportunities is a significant content element of integrated reporting. It is a competitive factor in helping organisations achieve success."
The guide, available for download on the SAC website, also provides an index for companies to conduct self assessment on their risks and opportunities disclosure practices, by benchmarking against industry leaders such as CapitaLand and Singapore Airlines.