IIRC Council meets in New York
The IIRC Council met in New York earlier this month for its second meeting of 2019, hosted by the International Federation of Accountants.
Council members heard from Ron O'Hanley, President and CEO of State Street on how he sees the corporate reporting landscape developing, which led into a discussion around the IIRC's role in driving system change.
Council members also considered how the IIRC can be clearer in articulating the benefits integrated reporting can bring to a business, including its focus on long-termism brought about by the articulation of strategy and resource allocation, and through embedding multi-capitalism.
Council members received an update from Ian Mackintosh, Chair, Corporate Reporting Dialogue on the work participants of the Dialogue have been doing to drive alignment in reporting on climate, with much of the day's discussion considering how we can provide clarity to the market around the reporting landscape.
Bill Thomas, Global Chairman and CEO of KPMG International shared his thoughts with Council members via video ahead of the meeting where he shared his views on the importance of integrated reporting and the work of the IIRC as a convener, given the changing risk profile businesses are facing.
Mr Thomas challenged the IIRC to define success not on the take up of integrated reporting but on the behavioural changes that emerge from its adoption.
Watch the video here.