Druckman to leave International Integrated Reporting Council

10 Mar 16

Paul Druckman, chief executive of the International Integrated Reporting Council, will be standing down from the role, it was announced today.

Druckman is credited for spearheading the adoption of integrated reporting in the public and private sectors, setting up networks in organisations including the World Bank, the UN Development Programme and the Welsh Government. Last month he was named as one of Public Finance’s Top 50 Trailblazers, the second time he had made the list.

Barry Melancon, chair of the IIRC board, said “few can doubt the personal contribution he has made” to advocating better quality reporting and advancing integrated reporting as part of a solution to today’s capital market challenges.

Melancon praised Druckman’s “uniquely effective dynamism” as key in raising the profile of integrated reporting and its potential contribution to financial stability and sustainable development.

He added that Druckman’s agreement to be flexible about the timing of his departure will ensure a smooth transition and that the “IIRC doesn’t miss a beat in this critical year”.

Druckman will remain involved with the IIRC on a number of projects, for example through his membership of the Financial Stability Task Force on Climate-Related Disclosures, and the board said it has discussed options for his continued involvement in the council.

Druckman, who has served as CEO for almost five years, said he leaves the IIRC stronger than ever with the approach set to become the norm in corporate reporting over the next decade.

“It has been my immense privilege to lead the IIRC to this point, from creation to breakthrough,” he said.

“It feels like the time is right to step down as chief executive: the organisation is now well established and ready for what we call the normalisation phase of its development.”

An announcement on Druckman’s replacement will be made in due course.

The IIRC is a coalition of regulators, investors, companies, accountants and NGOs who work to align capital allocation and corporate behaviour to wider goals of financial stability and sustainable development through integrated reporting and thinking.

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