Saving time on annual risk reporting following a listing switch
June 2023
The risk team is preparing for our organisation to move their primary listing from a major European index to the US. Our first annual risk report under US governance is due in December and we need to make sure that we include the right content for an S&P 500 organisation, whilst also having enough time to manage all the risks associated with the listing switch.
Risk Leadership Network member
Head of Risk at an S&P 500 organisation
Added 500 US companies to the Risk Reporting Comparison Tool
Risk Leadership Network had already developed an AI-powered database of intelligence from the risk sections of company annual reports, the Risk Reporting Comparison Tool. We created it to help another member speed up the process of collating external data to validate their external risk report, and it already included regularly updated information from companies listed on FTSE, ASX, AIM, Tadawul and others.
We added data from all S&P 500 organisations to the Risk Reporting Comparison Tool by early September, giving the member plenty of time to produce and validate their report ahead of their December deadline.
How this helped
Saved time
The member didn't have to trawl through hundreds of US websites to track down their annual reports and collate the risk data themselves. In one easy-to-use dashboard, they can see which principal/material risks US companies are including in their annual reports, and interrogate the data, filtering by sector/company, at the click of a button.
Their approach to risk reporting in the US was validated by relevant organisations
The member was able to submit their annual report ahead of time, confident with their approach; they knew they hadn't failed to mention something that their US peers were all focusing on, nor had they included details that weren't necessary in the US market.
Able to focus on strategic risk management
With their first US annual risk report completed ahead of the December deadline, the risk team was able to focus on managing the opportunities and threats caused by the listing switch, allowing them to get involved in strategic decision-making company-wide