Professor Mervyn King to Visit New Zealand

Media Release

26 April 2013

Professor Mervyn King to Visit New Zealand

Grant Thornton New Zealand is thrilled to announce Professor Mervyn King QC, Chairman of the International Integrated Reporting Council (IIRC), will be visiting New Zealand in early June 2013.

While in New Zealand, Professor King will discuss a consultation draft, released this week by the IIRC, of a proposed international framework for integrated reporting, to audiences in Auckland and Wellington.

Mark Hucklesby, Grant Thornton’s National Technical Director, says the visit will be a great opportunity for Professor King to share first hand his views on integrated reporting and how it can be used as an effective governance tool for performance oriented management.

“As the driving force behind deployment of integrated reporting in many countries around the world, his insights and comments on what works and what doesn’t will be very useful to New Zealand organisations that are determining how they might improve the way they currently report,” says Hucklesby.

Craig Norgate, Chief Executive of the New Zealand Institute of Chartered Accountants (NZICA) has been impressed with the pilot programme for this new model of reporting, that has been running in more than 100 global companies including, Microsoft, Coca Cola, Unilever, and New Zealand Post.

“The involvement of these organisations is testimony that this is important, not only to accountants, but to anyone involved in corporate governance. This is significant to any organisation needing tolook beyond the financials reflected in their annual report to demonstrate their future sustainability,” says Norgate.

Grant Thornton, in association with NZICA, will be hosting the Auckland and Wellington events. Both organisations have been active supporters of integrated reporting since 2010 when the IIRC wasformed.  

The IIRC say integrated reporting has the potential to fundamentally change the information businesses report and hopes this draft will become the international, mainstream reporting language of the future.

It is supported by global standard setters including the International Accounting Standards Board (IASB) and a significant number of global investors.

The consultation draft framework is available on the IIRC website and submissions on the draft close on 15 July 2013.

ENDS

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