The International Integrated Reporting Committee (IIRC) will issue an integrated reporting discussion paper to companies and investors in June.
The initial discussion paper, which is the first phase of the IIRC pilot programme, will set out the drivers and key principles for integrated reporting. It will also seek input on development, to be released for public consultation during the third quarter 2011.
The second phase is a launch of the first full pilot programme, which will commence in September, for a two year reporting cycle.
Organisations participating in the second phase will prepare integrated reports using the integrated reporting framework under development by the IIRC. The programme encourages companies from a variety of sectors and regions to participate.
The IIRC said the overall pilot programme will provide the opportunity to secure effective knowledge exchange and lessons learned from companies throughout the world, refining the continued development of integrated reporting.
The committee also announced Mervin King is to succeed Michael Peat as chairman of the IIRC when he steps down from the position later this year.