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The Annual Report on Annual Reports

The panel

Every year, an international panel is invited to help with the final rating and ranking of the annual reports. The members of the panel represent different regions of the world and come with a wide array of experiences. Meet the panel!

Susan Blesener

Susan is the founder of The Art of Value, a global consultancy that helps companies define, manage and disclose what matters most and advises investors on refining impact measurement and assessing emerging risks. Recent projects for investment advisory firms include the development of new tools for water risk assessment.

For 20 years, Susan has worked with companies in Africa, Asia, Europe, and North and South America to develop their management and disclosure systems, building capacity, and coaching companies on the path to integrated thinking and management.

Prior to establishing The Art of Value, she directed investor relations for several US companies and managed corporate and integrated reporting at IFC, the private sector arm of the World Bank Group, and Novo Nordisk, the world’s largest producer of insulin and one of the first companies in the world to issue an integrated report.

Susan is a training partner of the IIRC and a former elected member of GRI’s stakeholder council. Based in Amsterdam, Susan holds advanced degrees in economics, business administration, and strategy.

See Susan's favourites

Susan Blesener

Kellie Friery

As co-leader of Dix & Eaton’s investor relations practice, Kellie has served as an onsite resource to clients preparing for initial public offerings and other significant announcements. This firsthand experience as an extension of internal investor relations teams provides a unique perspective that is reflected in her counsel to clients.

Kellie specializes in investor relations strategy, program development, and measurement. She has worked with newly public companies to establish the investor relations function and has helped elevate existing programs through the implementation of industry best practices. Kellie has extensive experience preparing quarterly earnings disclosures, investor presentation, and websites, as well as communications regarding complex transactions such as mergers and acquisitions, divestitures, equity, and debt offerings.

Before joining Dix & Eaton in 2005, Kellie was an auditor with Ernst & Young, LLP. In that role, she assisted in financial statement audits and provided regulatory guidance to Fortune 500 companies, primarily in the insurance and financial services industries. Kellie is a new member of the panel this year.

See Kellie's favourites

Kellie Friery

Kaevan Gazdar

Kaevan Gazdar was responsible for corporate reporting at HypoVereinsbank, one of Germany´s largest banks, now part of the Italian-based Unicredit Group. The bank was awarded many times in German report rating competitions. Kaevan is co-author of the annual report book “Geschäftsbericht ohne Fehl und Tadel” and also published books on corporate citizenship and corporate communication (including “Unternehmerische Wohltaten: Last oder Lust?”).

He is a member of the jury of the Good Company ranking, the author of “Reporting Nonfinancials”, and has held seminars and talks at various venues, including FT Knowledge, MCE and Ethical Corporation. He now works as a freelance consultant and writer.

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Kaevan Gazdar

Mike Guillaume

Mike is the co-founder and managing director of e-com, a European-rooted, U.S.-incorporated and London-based firm that specializes in report assessment and benchmarking. He has consulted in more than 500 missions for 200-plus (mainly top listed) companies. Recognised as a leading international expert in corporate and financial reporting, Mike was the co-founder of ReportWatch and the previous editor of the Annual Report on Annual Reports, before it was acquired by Comprend. Prior to that, as an executive director of The Enterprise Group, his track record includes an extensive entrepreneurial and global management consulting experience in Europe, North America and Southeast Asia (including stints in the banking and energy sectors). An economist, financial analyst, and investor relations specialist, Mike is also the author of numerous articles and more recently of the book “The Seven Deadly Sins of Capitalism” (two editions).

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Mike Guillaume

Vijith Kannangara

Vijith Kannangara is a new member of the panel and tech-entrepreneur based in Sri Lanka. He leads a multi-cultural enterprise with business in Asia, the Middle East, and now Europe. One arm of the enterprise comprises Smart Media The Annual Report Company, the acknowledged leader for annual reports in the Eastern Hemisphere.

The Company has helped prepare 2,000 annual reports in ten countries and guided over 100 clients on their integrated reporting journeys. Its pioneering 25-year digital journey includes its first end-to-end on-line HTML Annual Report (1999), Video Annual Report (2012), and Annual Report Updater Portal and App (2014).

Having thrice secured the coveted Platinum Achievement Award at the International ARC Awards in New York, the Company has also won three Red Dot Design Awards in Germany. The Company is one of the International Integrated Reporting Council’s ten Foundation Training Partners globally.

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Vijith Kannangara

Reg Pauffley

Reg is based in London and is widely regarded as one of the most experienced figures in global corporate communications. Reg's credentials stem largely from his experience as the founder of Pauffley in 1984 (now Fishburn), which became a major corporate design consultancy within the UK and mainland Europe. Under Reg's direction (1984 to 2001), Pauffley became a reference in the development of global corporate reporting and communications. Clients included many global blue chips and FT European top 300 companies, including Nokia, Electrolux, BP, Credit Suisse, Novartis, BT, Ahold, and Aegon.

After leaving Pauffley, Reg has continued to advise international clients on the strategic direction of corporate positioning, branding, and reporting.

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Reg Pauffley

Johan Ramsten

Johan Ramsten is a new member of the panel and Deputy CEO and member of the Board of H&H Group, one of the leading communication groups in the Nordics. Johan has spent more than 20 years advising management teams and boards of directors in strategic and financial communication, including many awarded blue-chip companies.

Between 2014-2018, Johan was CEO of Hallvarsson & Halvarsson, part of H&H Group and one of the leading advisors in the Nordics when it comes to strategic and financial communication, with many clients among the global top 20 over the years when it comes to Annual Reports.

He joined H&H in 2004, when he sold his company founded in 1998, LINK Investor Relations, to H&H. Johan has also been a member of the Board of the Swedish Investor Relations Association and has been highly engaged in driving the ambition for companies when it comes to financial reporting.

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Johan Ramsten

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