Integrated Reporting is having a profound impact on corporate thinking
and reporting. Value is being assessed on the basis of the sources of
value creation used by an organisation and not through a financial lens
alone. In Chief Value Officer: Accountants Can Save the Planet, Mervyn
King, a global corporate governance and reporting leader, challenges
some of the systemic issues preventing organisations from managing in an
integrated value-creation way.The shareholder-centric governance model,
currently favoured by most companies, will not result in changes to
corporate behaviour that can create value in a sustainable manner. The
book, therefore, firmly places the accountant in the position of
changemaker - the finance professional today should be more of a value
officer than a financial officer. Consequently, the Chief Finance
Officer should be known as the Chief Value Officer.This book explains
this new approach. It encapsulates the essential reasons for adopting
integrated reporting, explains its application to date and proposes the
next steps needed to achieve change that will improve business, social
and environmental sustainability.
