Integrated Reporting for a Re-Imagined Capitalism
26 Pages Posted: 25 Sep 2015
Date Written: September 25, 2015
An essential element of capitalism is corporate reporting. Today’s capitalism is supported by financial reporting. Critics of today’s capitalism argue that it is too short-term oriented and rewards companies for creating negative externalities. Integrated reporting can play an important role in changing this since it is focused on the material issues that affect a company’s ability to create value over the short, medium, and long term. Each country must take its own path to integrated reporting. This is illustrated by analyzing the different regulatory and legislative regimes in the United States and the European Union.
Keywords: Integrated reporting, materiality, Securities and Exchange Commission, European Union, information and transformation function
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