A collaboration between the Malaysian Institute of Accountants (MIA) and the Institute of Corporate Directors Malaysia (ICDM), this Virtual Talk discussed the development of corporate reporting around the world and the material impacts on corporate reporting in Malaysia in the years ahead. It also provides the benefits and relevancy of adopting integrated reporting and integrated thinking for board directors moving forward.
Societal demands and the evolving external environment are changing the risk and opportunities that boards need to assess today. The known values are changing and evolving, requiring a new way of thinking about value creation. Integrated thinking creates the connectivity between a company’s strategy, governance, performance, and prospects in an integrated reporting process that impacts the running of the company’s business. Long-term success comes from meeting the needs of the organisation’s stakeholders, working effectively with the supply chain, customers, the society, and the environment in which it operates. The merger of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) may accelerate the alignment in corporate reporting and the adoption of integrated reporting.
This executive summary captures the salient points presented by the speakers at the Virtual Talk.
Key Insights & Discussions