Bankers' bonuses have burst out from the business pages of UK newspapers, and are headline news. The bonus round exposes a deep and raw nerve in British society.

There is something stirring, the sound of business leaders coming to terms with the new demands of leadership in the twenty-first century.

It is the recognition that business as usual cannot be the business model which delivers future success; that more of the same is not sufficient to provide escape velocity from the gravitational pull of the black hole that drew us into the credit crunch; that as fears of double-dip recession still haunt our nightmares, there must be new behaviours and new areas of strategic focus that need to be uppermost in the minds of business leaders, day by day.

Today we launch the Call for Evidence for Tomorrow's Corporate Reporting - we are immensely grateful to PwC and CIMA for their support and for working so collaboratively to shape this programme of inquiry.