Presentation by Stathis Gould at The 6th Annual Symposium on Sustainable Business Non-Financial and Integrated Reporting, Baruch College, November 1, 2013
2. IFAC Overview
Contributing to strong and sustainable
organizations, financial markets, and economies
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3. IFAC Operating Lines
Developing and representing the profession;
enhancing economic stability
• Facilitating international
standards
• Quality and capacity
• Knowledge and support
• Speaking out
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4. International Integrated Reporting Council
Background
• 2010 IIRC established
– Founding members Prince’s Accounting for Sustainability and GRI
supported by IFAC
– Multi-stakeholder global coalition and market led
• 2011
– Corporate entity established
– Main offices in London; outreach posts around the globe
– Pilot program set up
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5. The Role of IFAC
• Member of the International Integrated
Reporting Council
• Former IFAC CEO chairs Working Group
• Technical staff support
• IFAC/IIRC Memorandum of Understanding
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9. The Opportunity of Integrated Reporting
• Responding to
clutter, complexity, and length of
reporting
• Engaging investors & others on how
strategy, governance, performance,
and prospects lead to the creation
and preservation of value
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10. Pilot Program Business + Investor Network
• Provides the IIRC with structured feedback on
key building blocks in the Framework to inform
its development and practical application
• Builds business momentum towards
implementation of <IR>
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11. A Business Model Approach
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12. IIRC Framework Consultation & Beyond
• Fundamental concepts, guiding
principles, content elements
• Analyzing the 359 responses to consultation
draft and issuing final IR Framework
• Outreach and stakeholder engagement
• Managing its networks and institutional
arrangements
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