For the past six months or so, I have been serving as an advisor to the International Integrated Reporting Council (IIRC). The goal of the IIRC is “to create the globally accepted International Framework that elicits from organizations material information about their strategy, governance, performance and prospects in a clear, concise and comparable format.” The Consultation Draft on the International Integrated Reporting Framework now available. The framework utilizes a model of six forms of capital: financial capital, natural capital, manufactured capital, intellectual capital, human capital and social & relationship capital. While this is somewhat different that the Intangibles Capital framework that I use, it is a useful construct to move toward greater acceptance of an expanded and integrated form of corporate reporting. The IIRC is now soliciting comments on the Framework. The comment period runs to July 15. I urge everyone to take a careful look at the framework and submit their comments.
