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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
chapterposted on 2023-05-22, 18:50 authored by Craig DeeganCraig Deegan
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.
Publication titleThe Routledge Handbook of Integrated Reporting
EditorsC de Villiers, P-C K Hsiao, W Maroun
Place of publicationUnited Kingdom
Rights statementCopyright 2020 Routledge