International integrated reporting framework implementation consultation

Whilst, the AICD has not been involved in the implementation of the IR Framework and cannot provide specific comments on experience with the Framework we have included comments from directors regarding the limited (to date) adoption of the IR Framework in Australia. The submission notes that the AICD is supportive of improved corporate reporting in Australia. We consider that to encourage voluntary adoption of the IR Framework in Australia it is important to improve the flexibility of this Framework. The submission details three areas where the IR framework could be more flexible.