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Following a subsequent decision by the HiLite board, the proposed acquisition of the Comfi Stay hotel chain has recently been announced to the Deeland stock market and, generally, the market has reacted positively to the announcement.
However, there have been some negative press reports in the Deeland Daily News about the proposed acquisition,criticising HiLite. The chief executive of HiLite is very concerned about these reports and has asked the business analysis team to consider HiLite’s response.
Required:
(b) The finance director has asked you to provide her with briefing notes which she will use to assist her in discussions with HiLite’s Board members, which assesses the role and benefits of integrated reporting in assisting effective communication and in building relationships with HiLite’s key stakeholders. (12 marks)
Professional skills marks are available for demonstrating evaluation skills in using appropriate professional judgement to assess how useful integrated reporting could be to the stakeholders of HiLite. (3 marks)
