Synopsis
Too many companies are publishing
their annual reports in bulky PDF
files that are difficult for investors
to browse or retrieve specific information.
The problem of unusuable annual
reports has gotten worse in recent
years as annual reports have swelled
in size due to new reporting requirements.
However, there is a better, affordable
way for companies to provide their
annual reports and proxy statements
so that they are easier for investors
to access and use.
Using the guidelines contained in
this report companies can provide
more usable, dynamic presentations
of their financial reports and diclosure
documents for a fraction of the
cost of high-end HTML or Flash Reports.
They also provide a cheaper,
more usable alternative to so-called
image-based reports sold
by large vendors like Thomson
Financial, ADP Investor Services,
Shareholder.com, Investis and
others.
The methods explained in these Guidelines
should be employed by every company
that currently uses PDF to distribute
disclosure documents on the Web.