The changes include:

• The IIRC will now be known as the International Integrated Reporting Council, rather than the International Integrated Reporting Committee

• The IIRC will be supported by a strengthened secretariat operating through a not-for-profit company established for the purpose under the same name. The company's board will comprise Mervyn King as Chairman, Leslie Ferrar (Treasurer, Household of the Prince of Wales and the Duchess of Cornwall) and Christy Wood (Chairman of the Board of Governors, International Corporate Governance Network) as Deputy Chairs, together with Ian Ball (Chief Executive, International Federation of Accountants), Ernst Ligteringen (Chief Executive, Global Reporting Initiative), Jessica Fries (Director, The Prince's Accounting for Sustainability Project) and the IIRC's Chief Executive, Paul Druckman

• An IIRC Governance Committee will also be established, with responsibilities relating to audit, nominations and executive remuneration for the company.

Click for press release (link to IIRC website).