Fifteen events are being held around the world to launch the framework from the International Integrated Reporting Council‚ which encourages stakeholders to use the three-month window period to 15 July to comment on the draft.
The new model introduces the concept of "six capitals"‚ a prism through which organisations should report the degree to which they are creating or destroying value over time.
"The point made in the draft is that not all resources are owned by the company... and companies need to have sustainable strategies‚" said Professor King.
"Reports need to be accountable and transparent and what we report needs to be understandable. You don't want knowledge to be lost in a mass of detail‚" he said.
The JSE‚ which already requires listed companies to report on an integrated basis‚ this year moved to introduce short-form reporting in the financial press‚ though it was unclear how integrated prisms would need to be reported in the new summary.
King said that SA leads the world in terms of integrated reporting and introduced a code for responsible investing in 2011.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
