Robert Kugel's Analyst Perspectives

International Integrated Reporting Framework Takes Shape

Posted by Robert Kugel on Apr 23, 2013 10:45:13 AM

The International Integrated Reporting Council (IIRC) recently published a draft framework outlining how it believes businesses ought to communicate with their stakeholders. In this context the purpose of an “integrated report” is to promote corporate transparency by clearly and concisely presenting how an organization’s strategy, governance, and financial and operational performance will create value for shareholders and other stakeholders in both the short and the long term. Such a report aims to address broader needs than only those of investors’ and therefore must be more than a simple extension of a company’s external financial reports, which are aimed at a specialist audience including analysts, regulators and lawyers.

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Topics: Sustainability, closing, report, XBRL, Business Analytics, Business Intelligence (BI), Information Applications (IA), Information Management (IM), financial report, FPM, SASB, scorecard, SEC