Guideline 36. Public reports

Submitted by Anonymous (not verified) on Tue, 07/10/2018 - 09:46

The management regularly informs the stakeholders and the general public on the status of the institution and its operations.

Guideline code

GG_04600

Mechanism

The reports submitted by the management to the board should be cross-validated within the institution and made available to stakeholders.
The management should provide stakeholders and the general public with complete and easy-to-understand statements on the status of the institution and its operations through educational campaigns and all appropriate communications channels available to the institution including, in particular, a regularly updated website.
The reports should be prepared using internationally accepted standards such as the generally accepted accounting principles (GAAP) and the international financial reporting standards (IFRS).

Parent

Structure

The management should ensure that the stakeholders are informed in a regular and timely manner on the status of the institution and its operations.
The Head of Management should require key management units to regularly submit timely reports that provide accurate and comprehensive information on their areas of operation.