In South Africa in May 2010, the Integrated Reporting Committee (IRC) was established to develop guidelines on good practice in integrated reporting. Five major South African organisations founded the IRC – namely, the Association for Savings & Investment South Africa (ASISA), Business Unity South Africa (BUSA), Institute of Directors in Southern Africa (IoDSA), JSE Ltd and SAICA (The South African Institute of Chartered Accountants). Professor Mervyn King was elected as the first chairman of the IRC. Two more organisations joined the IRC in August 2010, namely the Banking Association South Africa (BASA) and the Chartered Secretaries Southern Africa (CSSA). In 2011, the Principal Officers Association and the Government Employees Pension Fund joined the IRC. Thereafter, other organisations have joined including the Institute of Internal Auditors, the Financial Services Board, SASBO (the finance trade union), and Dr Gavin Andersson from The Seriti Institute (NGO).
SAICA played a major role in founding the IRC and acts as the secretariat to the IRC and the IRC working group.
For more information on the IRC go to the Sustainability website.