Corporate Reporting
Corporate reporting is a valuable tool for building investor confidence and trust with all stakeholders – qualities so vital for business success. Corporate sector in Pakistan has had its fair share of corporate failures, scams and scandals which has led to loss of investor / regulators confidence in business reporting.
Mere compliance with reporting regulations does not necessarily mean that a business is reporting effectively. It is quite possible, in fact, for reporting to seem disconnected with the business strategy and for this to raise questions in the minds of stakeholders about the quality of management and governance. Thus, the concepts of sound corporate governance and effective corporate reporting become central. It is important for boards to think about what is said, and how it is said, in order to promote transparency and trust, so essential for sustained corporate success.
Sustainability Reporting
Today the corporate world globally, is moving beyond governance and financial reporting. Climate change and global warming pose serious threats to business productivity, resource availability and hence sustainability. The best organizations globally are rising to this challenge by adopting environmentally and socially responsible business practices and related reporting.
Globally regulation is also underway to guide businesses on how to become more sustainable and to report on their sustainability challenges and opportunities. International Sustainability Standards Board (ISSB) has just released itsSustainability Standards as below:
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and
- IFRS S2 Climate-related Disclosures—ushering in a new era of sustainability-related disclosures in capital markets worldwide. The Standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions. And for the first time, the Standards create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects.
This Workshop will aid business executives be it in accounting, finance, marketing, or general management to understand:
- what is meant by business sustainability;
- why does it matter so much now;
- what strategies can businesses adopt to become more sustainable; and
- what should they report
As countries and companies around the world sign up to Net Zero targets, this understanding is crucial for Pakistani businesses if they are to survive and thrive in the new global markets.
- To understand Neuro Marketing experimental design
- To extract results using neuromarketing tools
- To analyze various Neuromarketing indices
- To apply neuromarketing tools to provide solutions
- To get acquainted with Neuromarketing and its implications for practitioners.
- To understand experimentation in context of neuromarketing, to provide better solution as compared to the conventional approach.
- Critical understanding of eye-tracking, Galvanic Skin Response (GSR) and facial action coding technology
- To understand measurements and indices of the Neuro-Marketing tools
Day -1
Dr Amama Shaukat
- Defining business sustainability
- Global sustainability challenges and opportunities
- Global sustainability-related regulation: UNSDGs, ISSB, TCFD
- What are UK companies reporting? An illustration, e.g. Associated British Foods – owner of Primark Clothing Company.
- Net Zero and its implications for Pakistani businesses
Syed Fahim ul Hasan
- Sustainability --- local experiences
- Sustainability Guideline 2013
- SECP and ICAP regulation and adoption for Sustainability Reporting
Day -2
Abdul Rahim Suriya
Corporate Reporting
Corporate Governance in Pakistan (past, present and future)
- Corporate Governance for different classification of companies
- Annual Reports – the hub of Corporate Reporting
- Mandatory requirements
- Voluntary reporting
- Moving beyond regulations (International best practices)
- Management commentary – an emerging trend
- Interpreting annual reports
- Corporate Reporting for business decision making
- Challenges of Corporate Reporting for those with governance
- Key Reporting Tips
- Case study
- Directors (executive / non-executive ) with finance or Non-Finance background
- Independent Directors
- CEOs, COO
- Chief Financial Officers / Company Secretaries
- Corporate communication
- CSR department
Trainers Profile:
Dr Amama Shaukat
Dr Amama Shaukat is an Associate Professor in Accounting and Finance at Brunel Business School, Brunel University London. She teaches, researches and engages with policy development in the areas of sustainability performance and reporting and is a highly cited and influential author in these areas. One her papers, 'Environmental and social disclosures: Link with corporate financial performance' is an all-time top cited paper of British Accounting Review - a premier accounting and finance journal. She regularly referees papers for many top journals and is a member of the editorial boards of British Accounting Review, Accounting Forum and Journal of Business Ethics (all CABS3 Journals.) In 2022, she was also recognized as a Top Reviewer for Journal of Business Ethics, an FT50 journal. Dr Shaukat's research is currently informing policy on sustainability reporting as she continues to work with the European Financial Reporting Advisory Group (EFRAG) on their European Sustainability Reporting Standards (ESRS) development project.
Syed Fahim ul Hasan
Syed Fahim ul Hasan is an Assurance Partner in A. F. Ferguson & Co., Karachi office also responsible for Firm's Sustainability practice. Fahim has over 22 years of experience in the field of assurance and advisory practice in Pakistan and Singapore.
He is a professional trainer and a regular speaker at ICAP and IBA. He was a member of Education and Training Committee of ICAP.
Abdul Rahim Suriya
Abdul Rahim Suriya is a Professional Trainer and Coach .He has over 38 years' experience in Accounting, Auditing, Management Consultancy ,Corporate Finance and Operational Management
He is a Fellow Member of ICAP and ICMAP . He is former President ICAP and has served as an elected member of the Council of ICAP from 1997 to 2013 .He was a member of International Accounting Education Standard Board of IFAC from 2003 to 2008 and also represented ICAP at SAFA forum from 2011 to 2013. He is the Chairman Sub Committee for Best Corporate Award in Pakistan.
He is Visiting Faculty at the IBA, Karachi and NIMS. He is a Professional Trainer especially on the subject Finance for Non Finance Executives , Corporate Governance ,Corporate Reporting and Time Management.
Abdul Rahim Suriya is a Partner with Suriya Nauman Rehan and Co., Chartered Accountants.
He has authored a book on "A guide to business decision making".
He is Independent Director on the boards of Allied Engineering Management Company (Private) Limited, management company of Allied Rental Modaraba, UDL Modaraba Management (Private) Limited and Sindh Enterprise Development Fund.
He has authored a book on "A guide to business decision making". He is Independent Director on the boards of Allied Engineering Management Company (Private) Limited, UDL Modaraba Management (Private) Limited , Sindh Enterprise Development Fund and member Appellate Board - ICAP.
