Deloitte
has released its second quarterly report on the state of Integrated Reporting
in South Africa. The report is called
Integrated Reporting – Navigating your way
to a truly Integrated Report. It reveals that Integrated Reporting
standards have been adopted by more than half of South Africa’s listed
companies. Although it is now necessary for these JSE-listed companies to
include a statement of compliance with the principles set out in the King Code
on Governance Principles (King III) in their annual reports, many companies are
still scoring surprisingly low on corporate governance matters.
The publication (which applies to all members of the
C-Suite) was prepared by the Deloitte Integrated Reporting and Sustainability
team. It contains the key findings of the empirical research conducted on 100
companies listed on the Johannesburg Stock Exchange. The analysis covered 7
subjects, 58 principles and 160 questions seeking to assess actual performance
against good practice. The publication includes practical observations on
certain topical subjects which appear to be a challenge for companies.
