Everybody agrees that the current 'corporate ranking' model will have to change if it is to continue to be useful and usable by stakeholders, particularly if it is to meet their needs and the new regulations, especially European regulations.
A more apt system would make the financial markets and the capital markets more efficient, but it would also restore investors' rather shaken confidence. Transparency and comprehensiveness are needed. The societal responsibility dimension must be taken into account and integrated fully into financial reports. A trend towards a single, more forward-looking, integrated report (i.e., 'one report'), which would cover all data, is emerging and gaining traction, ready to be imposed on us one day.
François MasquelierHead of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers