Amec is IIRC’s first Brazilian organization to sign the council’s investor statement
The Association of Capital Market Investors – Amec – has joined the list of investors that formally support the Integrated Reporting – a corporate reporting model developed by the International Integrated Reporting Council (IIRC) to promote communication on value creation as the next step in the evolution of corporate communication. The association is the first Brazilian organization to join the group, composed by more than 20 leading fund managers, among which Aberdeen and Hermes.
Amec’s support to the IIRC is the result of a dialogue started in July, when Richard Howitt, the council’s CEO, and Lisa French, its technical director, visited the association’s headquarters. During the visit, Amec and the IIRC reflected on the importance of aligning the disclosure of Integrated Reporting and financial statements, which today takes place at different moments, and on the essential role of investors in demanding improvements in the process. Both Amec and the IIRC understand that it’s necessary to promote the adoption of stewardship principles as a way of making institutional investors’ fiduciary duties concrete.
The document “Investors support integrated reporting as a route to better understanding of performance” is available here.