Chartered Institute of Management Accountants

06 July 2007

CIMA (the Chartered Institute of Management Accountants) has joined forces with other Report Leadership stakeholders PricewaterhouseCoopers, Radley Yeldar and Tomkins plc to build upon its successful launch in November 2006 by today (6 July) launching a newsletter called 'Update - The Newsletter of Report Leadership'.

The group was initially set up to develop simple, practical ways to improve corporate and narrative reporting and culminated in the creation of an example report 'Generico'. The initiative was well received by the business and investment communities to the extent that The Hundred Group of finance directors supports the Report Leadership document as best practice and it has been embraced by the UK Shareholders' Association.

In the wake of its success, CIMA, PricewaterhouseCoopers, Radley Yeldar and Tomkins plc have continued their roll-out of the Report Leadership initiative by creating 'Update - The Newsletter of Report Leadership' which will be distributed to high level finance professionals, investors, analysts and other key groups involved in the corporate reporting process. The newsletter is accompanied by real-life examples of annual reports published over the last few months which have used similar ideas to those set out in the original publication. The dedicated website http://www.reportleadership.com provides more information.

A video cast highlighting the thoughts of each stakeholder group in relation to financial reporting has also been created to keep parties up-to-date with the group's ongoing work and commitment to the initiative. The video cast can be viewed at http://online-congress.edgesuite.net/pwc/uk/RL_vids/report_leadership.html.

Charles Tilley, Chief Executive at CIMA and spokesperson for the Report Leadership group, said:

“Report Leadership aims to promote practical illustrations of good practice in corporate reporting and it is encouraging to find that improvements in corporate and narrative reporting are being made by leading organisations. The Report Leadership newsletter aims to provide stakeholders with updates of the group’s work along with highlighting examples from actual annual reports.”

ENDS

For further information, please contact:
Katie Scott
Senior Press Officer, CIMA
+44 (0) 20 8849 2347
Katie.Scott@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business.  It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. CIMA is the voice of over 158,000 members and students in 161 countries and is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body.  CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business.  It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy.  For more information about CIMA, please visit http://www.cimaglobal.com.
2. The member firms of the PricewaterhouseCoopers network provide industry focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in 149 countries across our network work collaboratively using connected thinking to develop fresh perspectives and practical advice.
   Unless otherwise indicated, PricewaterhouseCoopers refers to PricewaterhouseCoopers LLP (www.pwc.com/uk) a limited liability partnership incorporated in England. PricewaterhouseCoopers LLP is a member firm of PricewaterhouseCoopers International Limited.
3. Radley Yeldar is a creative communications consultancy that helps its clients communicate both on and offline through brand identity, corporate reporting, corporate responsibility, digital media, internal communication, marketing communications and online investor relations. http://www.ry.com.
4. Tomkins plc is a global engineering and manufacturing group listed on the London and New York stock exchanges. Tomkins operates over 130 manufacturing facilities, employs some 37,000 people worldwide and had annual sales of approximately £3 billion in 2005. http://www.tomkins.co.uk.

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