The International Integrated Reporting Council announced that Conor Kehoe will be the new Chair of Council and will be responsible for pushing to achieve a global consensus on a new corporate reporting system.
Kehoe’s background includes a full review of McKinsey’s corporate reporting system, which he led last year. He comes into his new position at the 10th anniversary of the council’s foundation and amidst a widespread sense of confusion in the reporting landscape.
“In a world that is being reshaped by Covid-19 and is still facing the existential threat of climate change, the IIRC’s multi-capital agenda has never been more relevant,” Kehoe said.
Over seventy countries have adopted the IR Framework, and Kehoe will be responsible for expanding these numbers by pushing for a global adoption of a single corporate reporting system.
The appointment comes as the IIRC celebrates its 10th anniversary and reflects on the progress made to introduce more effective, robust decision-making by businesses and investors globally – with adoption of the International <IR> Framework now in over 70 countries.
“The concepts at the heart of integrated reporting – the connectivity of information reflected in integrated thinking; the board leadership it demands; and the broadening of business models to ensure they respond to the legitimate needs and expectations of stakeholders – must become the permanent features of a new global system for reporting,” Kehoe said. “The IIRC will step up its work with our partners to ensure the <IR> Framework is linked to a comprehensive set of standards, interconnected oversight and assurance, that enables increased trust and confidence.
Kehoe is replacing Dominic Barton, who led the Council from 2018 before stepping down to become Canada’s Ambassador to China.