The Sun Daily: Local companies urged to adopt Integrated Reporting

Malaysian companies are encouraged to adopt Integrated Reporting (IR) as a corporate norm, which will enable effective information dissemination to stakeholders on the essentials of the organisation.

An integrated report is a concise reporting format based on a framework developed by the International Integrated Reporting Council (IIRC) which can be implemented by companies while presenting key information which would be of the interest of stakeholders when making their investment decision.

The report details on an organisation’s strategy and model, governance, performance and prospects, in the context of its external environment, which can lead to value creation.

“Companies that adopted IR attract a longer term investor base, has better access to capital, and a lower cost to capital,” said Richard Howitt CEO of IIRC at a media briefing on Integrated Reporting last Friday.

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