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Abstract

Many organizations are accepting their goal as shareholder wealth maximization and working towards achieving it to attract long term capital. Financial statements may have become more transparent, but relevant information has become much more difficult to identify the information what shareholders are looking for. This paper addresses on the necessity of creating more transparent information through which companies would benefit in the long term. More than ever, it also raises a question if it is the time to take a step back and consider how an organization can more effectively communicate their business story to better convey shareholder value. The research methodology employed content analysis of annual performance reports for pharmaceutical industry in India. The results from the study reiterate on the importance of creating transparent information to its stakeholders for a long term profitability of the organization.