The International Integrated Reporting Council (IIRC) has appointed a new board of directors to reflect the organisation’s changing dynamic.
The new board will have 12 directors from six of the major continents and take effect on 1 October 2016.
The IIRC has written on its website that the council’s new members represent a global coalition of organisations and businesses that utilise integrated reporting (IR).
Barry Melancon, current president and chief executive of AICPA, will replace Mervyn King as the board’s chairman while Paul Druckman will stay on as CEO.
King has praised the outgoing Board for overseeing the "successful" adaptation of IR worldwide, and the launch of the IIRC framework.
The remaining nine IIRC board members are new recruits, and a list of their names is listed below.
The announcement comes just two weeks after IIRC withdrew its Competency Matrix report from the public domain, as its tenure for feedback has finished.
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IIRC said the report addresses IR training, as well as identifying two competency levels: practitioner and introductory.
New chairman of the board, Barry Melancon said the changes mark "an exciting milestone" in the IIRC’s development, as it preservers in achieving "worldwide" adaptation of IR.
Peter Bakker, president and chief executive officer, World Business Council for Sustainable Development – Switzerland
Helen Brand, chief executive officer, Association of Chartered Certified Accountants – UK
Alexsandro Broedel Lopes, finance executive director, Itaú Unibanco S.A. – Brazil
Jane Diplock AO – whose directorships include the Singapore Stock Exchange and membership of the Public Interest Oversight Board – New Zealand
Paul Druckman, chief executive officer, IIRC
Timothy Flynn, director, JPMorgan Chase; director Wal-Mart Stores Inc – USA
Reuel Khoza, president, Institute of Directors in Southern Africa – South Africa
Izumi Kobayashi, vice-chair, Keizai Doyukai (Japan Association of Corporate Executives) – Japan
Barry Melancon, new board chairman, president and chief executive -American Institute of Certified Public Accountants – USA
David Nussbaum, chief executive officer, WWF UK – UK
Upendra Sinha, chairman, Securities and Exchange Board of India – India
Christian Strenger, a member of the Supervisory Board of Deutsche Asset & Wealth Management – Germany.