IIRC and GRI agree to cooperate
The International Integrated Reporting Council (IIRC) and the Global Reporting Initiative (GRI) have announced that they have entered into a memorandum of understanding (MoU) which seeks to formalise the principles for ongoing cooperation, coordination and alignment between the two organisations.
The MoU seeks to assist both organisations in reaching their mutual interests, which include the following:
- Efforts to promote the global harmonisation and clarity of corporate reporting frameworks, standards and requirements
- The development of their respective reporting frameworks, guidelines and standards
- Transparency and sharing of relevant and significant information.
The MoU is effective from the date of signing on 1 February 2013 until 30 September 2014, but may be extended by mutual agreement.