The International Integrated Reporting Council (IIRC) has requested feedback on its Consultation Draft of the International <IR> Framework (the Consultation Draft).The Consultation Draft is available to view here.
Within the Consultation Draft, the IIRC defines <IR> as: "a process that results in communication by an organization, most visibly a periodic integrated report, about value creation over time. An integrated report is a concise communication about how an organization's strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term. An integrated report should be prepared in accordance with this Framework".
Via the <IR> Framework, the IIRC aims to assist organisations with their communications and, in particular, to establish Guiding Principles (informing the content of an integrated report and how information is presented) and Content Elements (questions that should be answered in an integrated report) which will govern the overall content of an integrated report.
The Consultation Draft was developed following the IIRC's publication of a draft outline in July 2012 and a Prototype Framework in November 2012. The IIRC will be accepting comments on the Consultation Draft until 15 July 2013 and feedback is to be made in accordance with the process stipulated on the IIRC's website.