by Mervyn King with Jill Atkins, December 2016, Greenleaf Publishing
“This book is a “must read” for every director, every CFO aka CVO, every accountant, as well as all stakeholders with high expectations for tomorrow’s companies to create value in responsible and sustainable ways.” Olivia Kirtley, President, International Federation of Accountants
Integrated Reporting is having a profound impact on corporate thinking and reporting. Value is being assessed on the basis of the sources of value creation used by an organisation and not through a financial lens alone. In the book Mervyn King, a global corporate governance and reporting leader, challenges some of the systemic issues preventing organisations from managing in an integrated value-creation way.
The shareholder-centric governance model, currently favoured by most companies, will not result in changes to corporate behaviour that can create value in a sustainable manner. The book, therefore, firmly places the accountant in the position of changemaker – the finance professional today should be more of a value officer than a financial officer. Consequently, the Chief Finance Officer should be known as the Chief Value Officer. This book explains this new approach. It encapsulates the essential reasons for adopting integrated reporting, explains its application to date and proposes the next steps needed to achieve change that will improve business, social and environmental sustainability.
MERVYN KING is Chairman of the International Integrated Reporting Council (IIRC) and Chairman Emeritus of the Global Reporting Initiative (GRI). He is also Professor Extraordinaire at the University of South Africa.
This book will.bridge the critical gap between recognised forms of Capitals and their maturing to Value creation. This book might be indicating that the journeys of sustainability champions and those of Management Accountants and Financial Analysts converge. It will Co- create a new era where business will have a greater meaning and purpose of serving life and nature for their sake!