Transcription of Value Creation - Integrated Reporting
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1 Value CreationBaCkground PaPer2 The Technical Task Force of the International Integrated Reporting Council (IIRC) established a Technical Collaboration Group (TCG) to prepare this Background Paper. The TCG was coordinated by the lead organizations with input from participants from a range of disciplines and countries. This paper reflects the collective views of TCG participants, not necessarily those of their organizations or the IIRC. The IIRC considered interim findings from the TCG when preparing the Prototype Framework released in November 2012, and considered aspects of this paper in developing its Consultation Draft of the International Integrated Reporting (<IR>) Framework. The IIRC gratefully acknowledges the contributions made by the following in the drafting of this Background Paper: lead organiZation Ernst & Young LLP (EY) Steering CoMMittee Susan Blesener, The Art of Value Pedro Faria, CDP Jonathan Hanks, Incite Sustainability Rowland Hill, Marks & Spencer Bob Massie, New Economics Institute David Matthews, KPMG Tom Rotherham, Hermes EOS Richard Spencer, ICAEW Fraser Thompson, McKinsey Alan Willis, CICA/Independent Joanne Westwood, Vancouver City Savings Credit Union (Vancity) Roger Simnett, University of New South Wales Lois Guthrie, International Integrated Reporting Council Matthew Bell, EY (Australia) Meg Fricke, EY (Australia) Brendan LeBlanc, EY (United States) Benjamin Miller, EY (Canada) Kelly Gilman, EY (South Africa)Copyright July 201
1. Value creation takes place within a context 9 Value is created by organizations from a wide range of interactions, activities, relationships, causes and effects5. Those interactions take place in the market, regulatory, societal and natural/environmental context within which the organization operates and on which it depends.
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