The International Integrated Reporting Council (IIRC) has appointed a new Board of Directors.
The new Board is reflective of the global reach and influence of Integrated Reporting <IR> across a broad range of areas, including Africa, North and South America, Asia, Europe and Oceania. It reflects the nature of the global coalition that is enhancing the way organizations think, plan and report the story of their business through Integrated Reporting. The Board is made up of eminent leaders from within business, finance, regulators and the not-for-profit sector. (A full list of Board members is listed in the Notes to Editors below.)
The appointment of the IIRC’s new 12-strong Board, which will take effect from 1 October 2015, follows the introduction of a new constitution for the organization. Professor Mervyn King remains Chairman of the Council but steps down as Chairman of the Board, continuing to be the prominent figure behind the successful rise in the adoption of Integrated Reporting over the past five years. Mr Barry Melancon, President and Chief Executive of the American Institute of Certified Public Accountants (AICPA), replaces Professor Mervyn King as Chairman of the Board. Paul Druckman remains on the Board as the IIRC’s Chief Executive Officer.
Professor Mervyn King said, “It is thanks to the dedication and focus of our global coalition that we can proudly say that the adoption of Integrated Reporting has gained such momentum. The outgoing Board has overseen a number of key changes, including the development and launch of the International Integrated Reporting Framework in December 2013, and the successful rise in adoption of Integrated Reporting worldwide. I’d like to thank the outgoing Board for its commitment and performance.”
Paul Druckman, IIRC Chief Executive, commented, “The new Board will maintain our successful drive towards our strategy and make a step change in our Integrated Reporting journey. Already there are networks around the globe with over 800 participants and organizations in 27 countries. Now there are over 1,000 businesses worldwide using Integrated Reporting as a key mechanism for presenting their value creation story. I pay tribute to the Board’s role and Mervyn’s vision in the upsurge of interest and move towards adoption that we have achieved to date.”
New Chairman of the Board, Barry Melancon added, “I am delighted to continue the good work of the IIRC with such a dynamic new Board to help achieve the vision of the IIRC to align capital allocation and corporate behaviour to wider goals of financial stability and sustainable development. The appointment of a Board with diverse global experience, with very senior people who reflect the nature of the global coalition, marks an exciting milestone in the IIRC’s development, as we continue to see worldwide adoption of Integrated Reporting.”