Integrated Reporting: Lessons from the South African Experience
Private Sector Opinion 25: One of the more significant recent governance trends is the global shift to integrated reporting. It combines the most material elements of information currently contained in separate reports - such as financial, management commentary, governance and remuneration, and sustainability - into a single coherent whole. This article offers historical background and practical guidance for company directors and executives as they approach this relatively new way of communicating with stakeholders.
The authors draw on insights and experience gained in advising some of South Africa’s top companies on integrated reporting as these companies respond to the King Code of Governance Principles for South Africa 2009 (King III) and the listing requirement of the Johannesburg Stock Exchange (that all companies issue an “integrated report” for financial years starting on or after March 1, 2010 - or explain why they are not doing so).
By Jonathon Hanks and Louise Gardiner. Foreword by Mervyn E. King.