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Improve the financial strength of the company is the obvious one.
But opentuition is another example, in this case value cannot be measured in monetary terms. Rather we are (hopefully) creating value by providing a service for the benefit of those that choose to take advantage of it and this particularly relates to students that have no tuition provider within easy traveling distance or that are simply not able to finance live courses in a class room environment (nor possibly even able to finance the purchase of study material)
Ok?
so the purpose of the IR is something that cannot be measured monetary but rather it talks about assessing organsiations ability to create value. How to, i.e governance, opportunities and risks, how this can benefit the company to create value. so I could say governance- open tution must comply with certain rules to create value.
is IR compulsory or is not?
It is, I believe, for public quoted companies
The idea is not a set of rules with which companies should comply. It’s a requirement in the interests of even more openness and recognition of accountability by the management of companies when reporting the results and overall position of the company and its efforts at adding value to the environment, society, the company itself and generally the benefits for everyone generated by the company
Ok?
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