PWC and BVCA produced best reporting practices for the private equity industry
Pricewaterhouse Coopers and British Venture Capital Association, both aiming to improve the disclosure and transparency of private equity and venture capital funds, published a best practices report.
The report is in line with the Walker Guidelines and reflects the updated standards and investor expectations of reporting. It broadens the scope of reporting to include the legislation affecting most companies, such as the Modern Slavery Act 2015 and Mandatory Gender Pay Gap reporting.
The PwC report illustrates the Private Equity Reporting Group Walker Guidelines, detailing and clarifying the PERG recommendations.
The main takeaways from the report are:
The increasing need for comprehensive and detailed annual results reporting in the context of strategic goals of the business
The portfolio companies reporting should not only focus on past year results but must also concentrate on future development and trends of the business.
Human rights and gender diversity compliance should be addressed as a part of the annual portfolio company report.
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