WHO WE ARE
The Integrated Reporting Committee of South Africa (IRC) is a member-based association that brings together leading professional bodies, regulators, companies, market participants, academics and organisations to advance integrated reporting and integrated thinking in South Africa.
We support preparers, users, members and the reporting community understand and respond to developments in corporate reporting through practical technical guidance, resources, events and expert insight. Our focus is the integrated report and the Integrated Reporting Framework as well as integrated thinking within the broader South African reporting landscape, including the King Codes of corporate governance and evolving local and international sustainability requirements.
OUR PURPOSE
The IRC of South Africa was established in 2010 to provide practical technical guidance on how to prepare the integrated report. This followed the incorporation of the principles of the King Report on Governance for South Africa, 2009 (King III) into the Johannesburg Stock Exchange (JSE) Listings Requirements in February 2010. This introduced the recommendation to prepare an integrated report.
The objectives of the IRC are to:
- Establish and procure recognition and acceptance of what the IRC considers to be good practice in integrated reporting
- Design, disseminate and promote integrated thinking and encourage organisations to produce integrated reports
- Promote the international harmonisation of integrated reporting
OUR HISTORY
Explore the key moments that shaped the IRC of South Africa and continue to influence our work today.
The Integrated Reporting Committee (IRC) of South Africa was established in May 2010. The founding members are:
Association for Savings and Investment South Africa (ASISA)
Institute of Directors in South Africa (IoDSA)
JSE Limited
South African Institute of Chartered Accountants (SAICA)
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OUR FUNDING
The IRC of South Africa’s work is made possible through the ongoing financial and other support of our members and the sponsors of our Annual Conference.
Their contributions and commitment allow us to develop technical guidance, facilitate local and international collaboration, and continue advancing integrated reporting and integrated thinking in South Africa.
Member contributions
Membership fees provide the ongoing funding that enables the IRC to develop technical guidance, share thought leadership and deliver activities that benefit the reporting community.
Conference sponsorships
Conference sponsorships support the IRC’s Annual Conference, sharing the latest developments in integrated reporting, sustainability reporting and related topics.
GOVERNANCE AND MANAGEMENT
The Integrated Reporting Committee (IRC) of South Africa is governed by an experienced Board and supported by a Secretariat, Working Group and volunteers. Together, they provide the leadership, expertise and operational support that underpin our work.
Prof Mervyn King
Chair
Prof Suresh Kana
Deputy Chair
Leigh Roberts
Chief Executive Officer
Graeme Brookes
Johannesburg Stock Exchange (JSE)
Milton Segal
South African Institute of Chartered Accountants (SAICA)
Sunette Mulder
Association for Savings and Investment South Africa (ASISA)
Parmi Natesan
Institute of Directors in South Africa NPC (IoDSA)
Yvonne Mothibi
Institute of Risk Management South Africa (IRMSA) | Rotating Board position
Zubair Wadee
University of the Witwatersrand | Rotating Board position
Leigh Roberts
Chief Executive Officer
Lyn Bunce
Head of Secretariat
Cornelia Maraschin
Working Group Secretariat
Evelyn Parker
Events coordinator
Ntando Dube
Web development
Lesego Diphaha
Social media
Darren Gorton
IT and website advisory
Sheralee Morland
Integrated Reporting Practitioners Forum and IRC Annual Conference
Elrida Oberholzer
Communications
Individuals with skills and experience from:
- Different industry sectors
- Preparers
- Consultants
- Investors
- Academics
View the Working Group members.
PREVIOUS ROTATING BOARD MEMBERS
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- Khoboso Tsike (LPIIF)
- Ansie Ramalho (IRC honorary member)
COMMENT SUBMISSIONS
The IRC prepares and publishes comment submissions on developments in the corporate reporting landscape. Our submissions respond to local and international consultation papers, exposure drafts, draft codes, proposed standards and other reporting developments.
The IRC’s response to the revised European Sustainability Reporting Standards exposure drafts issued by the European Financial Reporting Advisory Group (EFRAG).
Comments on the draft King V Code released by the King Committee on Corporate Governance.
The IRC’s response to exposure draft ISSA 5000, setting out proposed general requirements for sustainability assurance engagements.
The IRC’s response to the request for information consultation on agenda priorities to the International Sustainability Standards Board (ISSB).
The IRC’s response to EFRAG’s draft European Sustainability Reporting Standards (ESRS 1 and ESRS 2), covering general principles, strategy, governance and materiality assessment.
The IRC’s response to the ISSB’s draft IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information.
The IRC’s response to the ISSB’s draft IFRS S2, Climate-related Disclosures.
The IRC’s response to the Value Reporting Foundation’s draft Integrated Thinking Principles, published in December 2021.
The IRC’s response to the Johannesburg Stock Exchange’s draft Sustainability Disclosure Guidance, published in December 2021.
The IRC’s response to the International Accounting Standards Board’s exposure draft Management Commentary Practice Statement.
The IRC’s response to the IFRS Foundation’s proposed targeted amendments to its constitution to accommodate the establishment of the ISSB.
The IRC’s response to the CRISA Committee’s Code for Responsible Investing in South Africa (CRISA) 2020 revision consultation draft, published in November 2020.
The IRC’s response to the IFRS Foundation’s Consultation Paper on Sustainability Reporting, published in September 2020.
Comments on the consultation draft issued in May 2020 to the International Integrated Reporting Council (IIRC).
The IRC’s response to topic papers 1, 2 and 3, published as part of the International <IR> Framework revision process.
The IRC’s response to the IIRC’s implementation feedback process for the International <IR> Framework.
The IRC’s response to the International Auditing and Assurance Standards Board’s discussion paper, Supporting credibility and trust in emerging forms of reporting.
Draft King IV Sector Supplements comment submission to the Institute of Directors in South Africa.
Draft King IV comment submission to the Institute of Directors in Southern Africa.