South Africa endorses International <IR> Framework

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19 Mar 2014

The Integrated Reporting Committee (IRC) of South Africa has endorsed the International Integrated Reporting (<IR>) Framework, issued by International Integrated Reporting Council (IIRC), as guidance on good practice on how to prepare an integrated report.

Under the listing rules of the Johannesburg Stock Exchange (JSA), South African companies listed on the exchange have for a number of years been required to produce, on a 'comply or explain' basis, an integrated report following the King Report on Governance for South Africa and the King Code of Governance Principles ('King III') developed by the IRC. The IIRC's <IR> Framework outlines the key requirements, guiding principles and the content elements of an integrated report prepared in accordance with it.

The endorsement by the IRC of the <IR> Framework is done on the basis it provides application guidance on how to prepare an integrated report in accordance with the principles in King III. Accordingly, entities can use the guidance in the <IR> Framework to prepare integrated reports that comply with the JSA requirements.

Click for press release (link to South African Institute of Chartered Accountants sustainability website).

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