Directors’ Series for audit committees webcast
The audit committee’s responsibility to oversee value-creation reporting
The future of reporting is one that communicates integrated performance and shared value creation for all key stakeholders.
Due in part to the rise of stakeholder capitalism, the world has shifted from being one in which organizations have a “right to operate” to one in which they must now earn and sustain a “social licence to operate”. This has shone a spotlight on the gulf between what companies are reporting in their existing disclosures and what they should be communicating for stakeholders to understand the value-creation drivers of the organization and how they, in turn, support the company’s strategies towards achieving its business objectives.
The solution is an integrated approach to reporting. Integrated reporting aims to communicate to stakeholders, particularly providers of financial capital, how an organization creates value over the short-, medium-, and long-term, integrating high-quality strategic, operational, and financial as well as environmental, social, and governance (ESG) information to support and tell that story.
In November 2021, our Directors’ Series webcast included a discussion about the audit committee’s role as companies move towards integrated reporting. You can watch the recording here.
Richard Olfert, Deloitte Canada Partner, and Chair, CPA Board of Directors
- Tamara Vrooman, President and CEO, Vancouver Airport Authority, Chairperson of the Canada Infrastructure Bank, and past CEO of Vancity Credit Union
- Jo Mark Zurel, Corporate Director and Audit Committee member
- Janet Craig, Deloitte Canada Partner, and Executive Director, Investor Relations and Stakeholder Communications
- Sam Baldwin, Senior Portfolio Manager, Guardian Capital LP
Deliver a more holistic view of corporate performance that goes beyond traditional financial reporting and unlocks the value of your sustainability initiatives.