This is Sid Cato's 17th year of monitoring the annual report industry world-wide, using computer programs he conceived and whose creation he directed.

In his monthly Newsletter on Annual Reports, Issue No. 203 (every month since September 1983), he said he foresees little change:

		Honesty by corporate chieftains won’t decline. Cato said "One can assume that essentially one in 10 bad actors" will continue to make their "negative presence" felt—by being less than completely candid in their annual report.
		Annuals, "despite what outfits like the Financial Executives Institute would have us believe," will continue to average 50 pages in length.

However: Increasing numbers of CEOs will receive credit for authoring (in whole or in part) their own shareholder letters. Currently, he credits 92 percent.