In an annual report, who writes the letter to shareholders and what pu

In an annual report, who writes the letter to shareholders and what purpose is served by the letter?

What will be an ideal response?

ANSWER

The letter to shareholders is written by a firm’s chief executive officer or board chair and is usually fairly brief (a few pages). It describes how the firm performed during the past year and what goals or strategy management has set for the upcoming year. It may also include additional insights in terms of the firm’s achievements and challenges.