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IIRC to release guidance to address Integrated Reporting implementation challenges

12 October 2017

The International Integrated Reporting Council (IIRC) has announced that it will release guidance to address implementation challenges of integrated reporting, following a global consultation. The IIRC published the results from its global consultation launched in March 2017 on the Integrated Reporting <IR> Framework where respondents mainly criticised the multiple capitals approach, connectivity and integrated thinking. …

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ACCA awards Paul Druckman with Honorary Membership

10 October 2017

Paul Druckman, a distinguished figure in the finance profession and the first chief executive of the International Integrated Reporting Council (IIRC), has been awarded honorary membership to ACCA (the Association of Chartered Certified Accountants). Brian McEnery FCCA, president of ACCA said: “Paul’s contribution to the development of global standards, a mission shared by ACCA, is …

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International Integrated Reporting Council response to the SEBI Kotak committee report on corporate governance

10 October 2017

Securities and Exchange Board of India (SEBI) released the report of the committee on corporate governance on 6 October 2017. The International Integrated Reporting Council (IIRC) welcomes the Kotak committee report which is aimed at enhancing corporate governance standards in Indian companies by proposing changes in disclosures, transparency, board composition and performance. Corporate reporting is an essential and inseparable part of corporate governance – it is …

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Ethical Boardroom: Integrated reporting: chance to make a difference

9 October 2017

Humanity has evolved to the level where two dominant systems reign supreme: democracy and its sibling capitalism. The difference between the twin systems is that democracy implies that the average member of society rules mankind’s destiny and capitalism elevates the financially endowed above all others. Should we be concerned? Comparing large companies rated by revenue …

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Encouraging long term business growth in Scotland

9 October 2017

Senior business leaders attended a joint ICAS – IoD Scotland Breakfast Event on 21 September to discuss how to encourage long term business growth. David Wood discusses the findings of the lively debate. ICAS was pleased to host this breakfast event jointly with IoD Scotland, where senior business leaders from the membership of both organisations …

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Voxy: ‘Groundswell’ as NZ companies change annual reporting

3 October 2017

The practice of companies changing their annual financial reports to ‘integrate’ wider concepts of sustainable development and financial stability, is taking hold in New Zealand. That is the message from the Chief Executive of the global coalition for integrated reporting, on a two-day visit to Wellington and Auckland, ending today (Tuesday 3 October). You can …

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Daily FT: KPMG unravels journey towards Better Business Reporting

2 October 2017

There is growing recognition that the range of issues and opportunities affecting long term business value is much broader than what can be reflected in a set of current year financial measures. In an effort to even better understand the dynamics of Better Business Reporting, KPMG in Sri Lanka hosted an interactive workshop titled ‘Integrated …

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Accounting Today: IIRC teams with ICAS on sustainable development

21 September 2017

The International Integrated Reporting Council and the Institute of Chartered Accountants of Scotland have published a new report describing how businesses can achieve Sustainable Development Goals. The report, produced in partnership with the Green Economy Coalition, was written by professor Carol Adams of Durham University Business School in Durham, England. The report aims to help …

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Mahindra and Mahindra latest Indian business to move towards Integrated Reporting

24 August 2017

Mahindra and Mahindra – one of the largest and oldest business groups in India – has become the latest major Indian business to release an integrated report. Commenting on this move towards Integrated Reporting, Mr Keshub Mahindra, Chairman Emeritus, Mahindra Group said, “I am happy to note that Mahindra & Mahindra is launching its first …

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