BAE Systems continue with their success from last year to pick up two awards for Best Annual Report and Best Risk Management Disclosure for FTSE 100; Amlin also pick up two awards for Best Annual Report and Best Audit Disclosure for FTSE 250 and Taylor Wimpey are awarded Best Strategy Disclosure for FTSE 250.

To achieve the success in each of their winning categories the judges were looking for:

Best Annual Report - a comprehensive high quality report, providing an insight into the company, its strategy and how its board behaves and works which includes meaningful reporting for each of the disclosure award categories.

Best Risk Management Disclosure - a clear explanation of the company’s strategic and operational risks stemming from its strategy and operations, its risk management policies, procedures, controls and mitigation with evidence of dynamic risk management, which is integral to strategy and operations.

Best Strategy Disclosure - an illustration of how strategy is formulated and executed by providing a clear description of the business, its key drivers, objectives and risks, with effective discussion of appropriate KPIs and performance against them.

Now in their second year, the ICSA Hermes Transparency in Governance Awards reward high standards of disclosure in a company’s report and accounts, with the aim of encouraging improvements both in the disclosure process and in governance performance itself. They have the backing of the Government, the Financial Reporting Council (FRC), the Association of British Insurers (ABI), the Confederation of British Industry (CBI) and the Financial Times.

Black Sun would like to congratulate all the teams involved at Amlin, BAE Systems and Taylor Wimpey.