How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Never argue with an idiot, otherwise people won't know which one of you is the idiot.
Since light travels faster than sound, some people appear bright - until you hear them speak.

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Tuesday, June 23, 2015

In what form will be the listed companies' annual reports in future?

I am not sure about others and I certainly cannot speak for them. Personally, I find the trend in providing annual reports in the form of CDs seems to be defeating the purpose of dissemination of information on the companies.

I am an average person, using the computer or the mobile phone daily, visiting social network sites like Facebook, updating my own blogsite, and generally using the internet  in communication with relatives and friends. Yet, when I receive annual reports in the form of CDs, normally I do not use it to gain information on the companies, simply because it involves the use of at least a notebook, and to switch it on if I am not already using it. Sometimes, when I do, a dud CD would be a further discouragement. The covering letter normally includes an option to ask for a traditional published copy, but who would bother? Unless I am specifically interested in a particular company's audited report, I would not even use the CD, leaving it for just in case I need it.

Some companies provide abridged version of the audited annual accounts, besides providing a CD for the full report. Under the circumstances, I find these more useful provided they include relevant information like profits or loss for the year and abridged balance sheet, as well as earnings per share and net asset value.

I also wonder what others think of the monthly statements in PDF form, from Bursa Saham Malaysia via email. Again, it is innovative but seems unfair to those who do not own or use a computer, though they still have the option to receive them in paper form. I am not proud to admit, I am beginning to skip opening the file to see if shares are correctly stated, assuming the information to be correct because I have no reason not to trust BSM.

Will the company annual reports follow the trend and even do away with CDs? I wonder.
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1 comment:

Anonymous said...

In future it will be in two sheets. Profit and loss only and payment of tax. And a precedents have already been set.