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The Framework: an Example of What Unfortunately Happens When People Who Fail to Comprehend the Meaning of 'Accountability' Take Control of an Important Reporting Initiative
This chapter adopts a critical perspective to evaluate the International Integrated Reporting Framework ( Framework). Focusing on the notion of ‘accountability’ and applying a four-step model of accountability, it is argued that the Framework falls short as a framework that assists or encourages managers and their organizations to demonstrate accountability towards a broad group of stakeholders in respect of various aspects of their social and environmental (and sustainability-related) performance. The lack of focus on accountability, the way materiality is addressed, the nature of the stakeholders being considered, the reporting boundary embraced and the concept of ‘capitals’ used with the Framework all act to undermine its suitability as a document to promote meaningful reporting.
History
Publication title
The Routledge Handbook of Integrated ReportingEdition
1stEditors
C de Villiers, P-C K Hsiao, W MarounPagination
107-123ISBN
9780367233853Department/School
TSBEPublisher
RoutledgePlace of publication
United KingdomExtent
30Rights statement
Copyright 2020 RoutledgeRepository Status
- Restricted