(ii) Explain why the disclosure of voluntary information in annual reports can enhance the

(ii) Explain why the disclosure of voluntary information in annual reports can enhance the company’s

accountability to equity investors. (4 marks)

(ii) Accountability to equity investorsVoluntary disclosures are an effective way of redressing the information asymmetry that exists between management andinvestors. In adding to mandatory content, voluntary disclosures give a fuller picture of the state