6th Colloquium: Corporate Reporting

Colloquium Overview:

Corporate reporting is not what it used to be

With the statement of intent by the group of five sustainability standards setters, the merger of SASB and the IIRC (to form the VRF) as well as the expanded mandate of the IFRS to include sustainability reporting, the world of corporate reporting was seen to be changing. The risks and opportunities of value creation, preservation and erosion will be seen through a lens of the world’s impacts on organisations and not only the impacts that organisations have had, and continue to have, on the world.

On 3 November 2021, the Chair of the IFRS Foundation Trust which oversees the International Financial Reporting Standards Foundation (IFRS Foundation), Erkki Liikanen, announced the formation of the International Sustainability Standards Board (ISSB), the IFRS Foundation consolidation with the Value Reporting Foundation (VRF) and the Climate Disclosure Standards Board (CDSB).

The colloquium discussed these changes.

Video and Memorandum

The edited speaker videos and the memorandum are now available on the community portal.

The video of the full event is also available on our YouTube Channel.

You can also read and download the memorandum summarizing the event here.

Speakers

(Click on speaker image to view profile.)

Integrated thinking, integrated reporting and system value creation - impacts on the education of accountants

Opening and Summation of the Colloquium

The Value Reporting Foundation’s contribution towards a globally accepted, comprehensive corporate reporting system

The IFRS Foundation’s position regarding the global shifts in corporate and sustainability reporting

Global shifts in corporate and sustainability reporting - regulatory responses

Corporate reporting changes - impacts on accountants

ABN AMRO’s integrated reporting journey

+27 11 717 3300
info@goodgovernance.academy

Wits Business School, 2 St Davids Pl, St Andrew Rd, Parktown,

Johannesburg, 2193, South Africa

Dr Delphine Gibassier

Professor, Finance Department, Audencia

Delphone is an associate professor at Audencia Business School with 18 years’ experience in non-financial accounting & reporting. She is an internationally recognized expert in accounting for sustainability. She is also the director of the Research Centre “Multi-capital Global Performance” (Chaire de Recherche), and the academic director of the MBA Chief Value Officer (the 1st MBA worldwide, on the topic).

Delphine conducts research in accounting for sustainable development and have an expertise in academia, practice and policy-making. She works and has worked with the UN Global Compact, the IIRC, WBCSD, R3.0 and CDSB, as well as the French government on carbon accounting and integrated reporting.

Prior to joining Audencia, Delphine worked at Toulouse Business School and Birmingham Business School. Delphine earned her PhD from HEC Paris. Before joining academia, she worked as a management controller at GE Healthcare, Danone and Syngenta, in Paris, USA and Asia.

In practice, Delphine has developed carbon accounting, SDG accounting and integrated reporting for large companies and SMEs. She is passionate about linking research to teaching and practice and has developed several courses in CSR and sustainability accounting, case studies and modules linked to her specific research interests. She is also passionate about developing research and teaching that have an impact on society. Delphine interacts with accounting organizations and firms to help develop a shared interest into accounting for sustainable development, including through training, reporting and directly participating in standardization processes. Delphine’s work includes public and business engagement and dissemination of her research through prominent online media platforms, such as The Conversation.

Prof. Mervyn King

Patron, Good Governance Academy

Mervyn King is a Senior Counsel, former Judge of the Supreme Court of South Africa, and designated Chartered Director (South Africa). He is Professor Extraordinaire at the University of South Africa, Honorary Professor at the Universities of Pretoria and Cape Town, and a Visiting Professor at Rhodes University. He has honorary Doctorates from Wits University and Stellenbosch University in South Africa, Leeds University in the UK, and Deakin University in Australia.

Mervyn is honorary fellow of the Institute of Chartered Accountants of England and Wales; the Institute of Internal Auditors of the UK; the Chartered Institute of Management Accountants; the Certified Public Accountants of Australia; the Chartered Institute of Public Relations of the UK, and the Chartered Secretaries and Administrators.

Mervyn is Chair Emeritus of the King Committee on Corporate Governance in South Africa, as well as of the Value Reporting Foundation (incorporating the International Integrated Reporting Council and SASB) and the Global Reporting Initiative (GRI). He has received Lifetime Achievement Awards for promoting quality corporate governance globally, from several institutions.

Mervyn chairs the Good Law Foundation and has chaired the United Nations Committee of Eminent persons on Governance and Oversight. He is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance and of the ICC Court of Arbitration in Paris. Mervyn currently chairs the African Integrated Reporting Council and the Integrated Reporting Committee of South Africa and is Patron of the Good Governance Academy.

Mervyn has been a chair, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in over 60 countries and has received many awards from international bodies around the world including the World Federation of Stock Exchanges and the International Federation of Accountants.

He is the author of many books on governance, sustainability and reporting, the latest being “The Healthy Company.”

Barry Melancon

CPA, CGMA, President and CEO AICPA

Barry C. Melancon is the President and CEO of the American Institute of CPAs, and CEO of the Association of International Certified Professional Accountants, the most influential body of professional accountants in the world with more than 650,000 members and students. Formed in 2017, the Association combines the strengths of The Chartered Institute of Management Accountants (CIMA) and the AICPA.

During his 41-year career, Barry has served as an advocate for the accounting profession. He has built extensive relationships with governments around the world, extending the reach of the public and management accounting profession to new regions and opportunities.

Barry joined the AICPA in 1995. He is now the longest serving CEO in the organization’s 133-year history. Under his tenure, the AICPA has grown to become the largest membership body of CPAs in the world and has directed numerous initiatives to benefit not only the profession, but also investors, business owners, lenders and the general public. These include audit quality centers, private company reporting standards, the computerized CPA exam, and two consumer financial literacy education programs.

Under Barry’s leadership in 2011, the AICPA formed a joint venture with CIMA to elevate management accounting globally. Together, the organizations created the Chartered Global Management Accountant (CGMA) designation for those professionals who meet the highest benchmark of rigor and quality. Today, approximately 150,000 professionals hold the CGMA designation worldwide. Then, in 2016, Barry led a process for members of the AICPA and CIMA to combine and form the Association of International Certified Professional Accountants. The effort was supported by more than 85% of the members voting. The combined entity has 33 offices in 23 countries, all under Barry’s direction.

Barry is chairman of eXtensible Business Reporting Language-US (XBRL), and a founding and current board member of both the Global Accounting Alliance (GAA) and the Center for Audit Quality (CAQ). He serves on the board of the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness and is a member of the delegation to the International Federation of Accountants (IFAC).

Barry began his accounting career in 1979 at a small CPA firm in Louisiana. In 1984, he was elected a firm partner. Barry graduated in 1978 from Nicholls State University in Louisiana, majoring in accounting with a minor in government. He also earned an MBA in 1983 from Nicholls State University and subsequently served as an adjunct professor of accounting at his alma mater for four years. He was also awarded his alma mater’s first and only Honorary Doctorate of Commerce in 2008.