WHAT REPORTING FOR THE GLOCAL ENTERPRISE? ISSUES RELATING TO SOCIAL AND PERFORMANCE REPORTING IN BUSINESSES AND INSTITUTIONS IN LOCAL AND GLOBAL CONTEXTS

In socio-economic areas, the "glocal" model which mediates characteristics of globalization with those of more deep rooted localism, seems to be flourishing. Governed by its own principles, it is radically changing the logics of business management. When can a business be defined glocal? And how can glocal management be defined, taking into account complications arising from the simultaneous presence of global, local and glocal functions? How do the effective needs for communication change on the part of enterprises present simultaneously in different areas? And above all, can economic and financial communications addressed to broader, heterogeneous areas be covered by a single Financial Statement? Would it be feasible to overcome the "prism effect" with a "concertina" format Financial Statement flexible and adaptable to the contingent needs of the different phases? Should we presume that stakeholders are mere spectators of property tax and legal communication, or is it feasible that they can become proactive "prosumers" of the Financial Statement?