11 May. 2005 - CESR‘s draft recommendation on the use of alternative performance measures (Ref. CESR/ 05-178) contains several proposals to encourage European listed companies to provide the financial markets with appropriate and useful performance measures.
The objective of this recommendation is therefore to provide guidance on the best way to appropriately use and present alternative performance measures by establishing some clear principles that companies should consider in the preparation and disclosure of this information. Following consultation, this recommendation will be addressed to CESR members, who as securities regulators can, in turn, recommend to nationally listed companies to follow this guidance and to ensure best practice is adopted by companies. As such this should ensure that the risks of inappropriate use or, misleading use, of alternative performance measures are minimised.
Please post your answer to the consultation online by 11 July 2005