An Analysis of the Readability of the Chairman’s Statement in South Africa

Board members and the chairman of board must provide shareholders other stakeholders with annual reports that include chairman’s statement. The statement provides an important message to concerning financial performance, non-financial information future outlook company. Stakeholders are concerned about transparency usefulness disclosed as this would have impact on whether is readable or not. purpose study evaluate messages from A sample 40 Johannesburg Stock Exchange listed companies, for period ending 2021, was selected meet objectives. Gunning Fog Index (Fog index) applied assess readability found it difficult read statements corporations South African companies.