Value of transparency and accountability

The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of transparency and accountability, according to a position paper published by the framework providers. The position paper “Understanding the value of transparency and accountability”sets out the seven key principles report preparers should follow for achieving such transparency and accountability.

Participants of the Corporate Reporting Dialogue – an initiative convened by the International Integrated Reporting Council bringing together the major international reporting frameworks – identify transparency and accountability as critical to achieving high quality governance mechanisms and empowerment of stakeholders in modern societies and markets.

Furthermore, such transparency and accountability enables better decision-making by market parties and serves the public good.

Visit the website https://corporatereportingdialogue.com/ to download the paper.