The Integrated Reporting Movement

The Integrated Reporting Movement
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Extraordinary opportunities for China's major financial services providers Over the past three decades, China has attained and solidified its position as the world's second-largest economy. There is now an enormous demand for Chinese financial services, especially those related to securities. Chinese Securities Companies is essential reading for anyone involved in Chinese capital markets, because this is a situation that has never been seen before. Management, profit structure, sponsor systems, reform potential—all have unique elements in China, and all are analyzed in depth in this book. Chinese securities expert Wu Xiaoqiu has developed an influential model for understanding China's capital markets in their historical perspective and creating success in this high-demand industry. Read Chinese Securities Companies to understand the four things firms must do in order to exceed the accomplishments of giants like CITIC Securities: Create international vision Develop innovative talent Establish solid capital power Engage in rigorous risk management Using this formula, developed with the aid of research from Moody's, along with a robust historical perspective, Wu Xiaoqiu has written an essential text for anyone involved in global financial services.

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The Wiley Corporate F&A series provides information, tools, and insights to corporate professionals responsible for issues affecting the profitability of their company, from accounting and finance to internal controls and performance management.

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The Integrated Reporting Movement

Meaning, Momentum, Motives, and Materiality

Robert G. Eccles

Michael P. Krzus

Sydney Ribot


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Cover Illustration: ©iStock.com/patilankur

Copyright © 2015 by John Wiley & Sons, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data:

Eccles, Robert G.

The integrated reporting movement: meaning, momentum, motives, and materiality / Robert G. Eccles, Michael P. Krzus, with Sydney Ribot.

1 online resource. – (Wiley corporate F&A series)

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher; resource not viewed.

ISBN 978-1-118-99373-6 (ebk); ISBN 978-1-118-99374-3 (ebk); ISBN 978-1-118-64698-4 (hardcover) 1. Corporation reports. 2. Corporation reports–South Africa–Case studies. 3. Social responsibility of business. 4. Sustainability. I. Krzus, Michael P. II. Title.

HG4028.B2

658.15′12–dc23

2014029756

Foreword

True leaders aim to take people to a place they have never been, and they have a plan to get them there.

For those among us who dream of leading our companies toward economic, environmental, and social sustainability, “integrated reporting” is a key part of the plan to get us where we need to go.

This is why Robert Eccles's and Mike Krzus's The Integrated Reporting Movement is such an important book; it arms today's leaders with reasons to continue the movement's momentum.

More than a trend, a public relations (PR) incentive, or just “the right thing to do,” sustainability is about growth and innovation. It's about winning the war for talent and winning in the marketplace. It recognizes that, today, people care as much about a company's purpose, values, and global impact as they do about its products, packaging, and prices. Integrated reporting is a big idea because, as a methodology, it helps create the strategies, the business models, the cultures, and the thinking that lead to a more sustainable business – and a more sustainable world.

From my own front-row seat as a chief executive officer (CEO), I've been a proud champion of the movement that Professor Eccles and Mike Krzus so thoroughly describe and enthusiastically support. SAP is a global technology company with 66,000 employees and more than 260,000 customers. As we went from having a stand-alone sustainability strategy to creating a corporate strategy that is sustainable (a huge difference), we began presenting our financial and nonfinancial results in a single report. This bold shift is helping us achieve several goals:



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