Annual reports have been subjected to quite a fair bit of criticism recently. "Voluminous", "complicated" and "backward-looking" were some of the criticisms. Business operations have certainly grown bigger and much more complex. At the same time, the information needs of various stakeholders are increasing. Alongside inancial reporting, the organisation's vision and mission, business plans and strategy, risk management, corporate governance and sustainability reporting are some additional areas of disclosure desired by stakeholders.