Disclosure Management
XYZ Bank Limited is a large diversified financial services organisation which operates 40 legal entities across various geographies in Africa, Europe, US, and the Middle East.
XYZ Bank Limited produces an Integrated Group Annual Report with 470 pages applying the Six Capitals approach to integrated reporting.
The company is dual-listed on the Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE). XYZ Bank Limited has a PI Score above 500.
Below are all the collaborators in the process as well as the respective disclosures that each is responsible for contributing to the integrated annual report:
Thabo is the Group Chief Financial Officer
Vikesh is the Group Chief Operating Officer
Simon is the Head of Intellectual Property
FINANCIAL CAPITAL
Thabo and his team of 30 financial accountants are responsible for the financial aspects of the integrated annual report;
MANUFACTURED CAPITAL
Vikesh and his team of 10 operations managers are responsible for reporting on the operational aspects in the integrated report;
INTELLECTUAL CAPITAL
Simon and his team of 4 managers are responsible for compiling all aspects relating to intellectual property;
Mandy is the Executive Head of Human Resources
Lebo is the Executive Head of Stakeholder Management
Bongani is Executive Head of Environmental Management
HUMAN CAPITAL
Mandy and her team of 5 human resources managers are responsible for compiling the human capital aspects;
SOCIAL AND RELATIONSHIP CAPITAL
Lebo and her team of 2 stakeholder consultants are responsible for compiling the social and stakeholder aspects of the integrated report;
NATURAL CAPITAL
Bongani and his team of 3 sustainability managers are responsible for compiling the environmental aspects of the integrated annual report.
The current annual report creation process at XYZ Bank Ltd is very time consuming and wrought with manual interventions. XYZ Bank Ltd also employs the services of an external publishing company.
Lofty Brainchild recommends the Amana SmartNotes Disclosure Management solution which can be integrated into any core accounting, consolidation system, or ERP so that any changes in the accounts can be refreshed in the integrated report at the click of a button.
Benefits of using the Amana SmartNotes Disclosure Management solution:
