Transcription of VALUE CREATION - Integrated Reporting
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1 VALUE CREATIONBACKGROUND PAPER FOR <IR>2 The Technical Task Force of the International Integrated Reporting Council (IIRC) established a Technical Collaboration Group (TCG) to prepare this Background Paper for <IR>. 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 for <IR>: 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) B
examine creation of intrinsic and extrinsic value. Furthermore, this Background Paper does not seek to reconcile value creation for <IR> purposes with other concepts of value such as enterprise value, total economic value, economic value added and total value. Finally, whilst it is recognized that notions of value capture and value
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