IIRC chief executive Paul Druckman to step down

INFLUENTIAL chief executive of the International Integrated Reporting Council Paul Druckman is to step down during 2016, the body’s board has confirmed.

Druckman was instrumental in the development of integrated reporting, which builds on the existing financial reporting model to incorporate non-financial information, and has overseen its adoption in more than 25 countries over his five years as CEO.

No date has yet been set for Druckman’s departure, and he has agreed a “process to ensure a smooth transition during the year”.

Druckman was named 41st in Accountancy Age‘s Power List last month.

Chairman of the IIRC board Barry Melancon said: “On behalf of the board, I would like to thank Paul for his inspirational service as IIRC chief executive. Few can doubt the personal contribution he has made in advocating better quality corporate reporting and advancing integrated reporting as part of the solution to today’s capital market challenges.

“There cannot be a business, institutional investor or accounting professional in the world that takes corporate reporting seriously that is not aware of integrated reporting and its potential contribution to financial stability and sustainable development. This achievement is a tremendous tribute to all those involved in the IIRC’s work during Paul’s leadership, but most especially to Paul’s uniquely effective dynamism in making it happen.

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