Financial World Announces 1997 Annual Report Competition

Posted on May 23, 1997

Financial World magazine today announced it has began accepting entries for its 57th "Excellence in Annual Reporting" competition.

Seth E. Hoyt, president and publisher of Financial World, said that the competition, established in 1940, is unique in its emphasis on presentation of corporate information, rather than financial performance. "Information is the great democratizer in the financial markets. Our competition honors companies of all sizes that provide their shareholders and potential investors with the most complete information, both qualitative and quantitative, about their performance and prospects." The deadline for entries is June 20, 1997.

The awards will be presented at the Financial World Annual Report Awards Dinner, Thursday, September 25, 1997 at the Essex House in New York City. This year, entries will be grouped into 50 industry categories, with each category winner receiving a Bronze Award. Of the Bronze Award recipients, 12 will earn Silver Awards, with one company selected to receive the "best in show" Gold Award. In addition, the annual Louis Guenther Award will be given to the company judged to have the best financial writing and reporting, and a special award will be given to the "Rookie of the Year" -- the best annual report by a newly public company. The competition is open to both U.S. and foreign-based companies.

In addition, there is a supplementary competition for corporate documents including Analyst Yearbooks, Annual Meeting Reports, Corporate Annual Reviews, Newsletters, Design, Interim Reports, Photography, Summary Annual Reports and CD-ROM Annual Reports.

For more than half a century Financial World has endeavored to identify those annual reports that best present shareholder information (president's letter, management discussion, summaries and statements), pertinent details (reviews, long-term strategy, profiles and backgrounds) and layout/typography (colors, illustrations , legibility and organization). The Financial World Annual Report Awards distinguish U.S. and foreign annual reports for completeness of financial data, analytical summaries, presentation of corporate information, clarity of written text and effectiveness of design.

Entry forms and additional information can be obtained by contacting Rita Gullotta at Financial World at 2l2-594-5030 ext.201. The entry fee is $495 ($250 for non-profit organizations). The entry fee for the supplementary competition is $250 per category and is open only to Annual Report Competition contestants.