IASB launches Investors in Financial Reporting programme with support from leading members of the global investment community

 02 December 2014

The International Accounting Standards Board (IASB) today announced the launch of its Investors in Financial Reporting programme. Created with the support of some of the world´s leading asset managers and owners, the programme is designed to foster greater investor participation in the development of International Financial Reporting Standards (IFRS).

IFRS is required for use by more than 100 countries. The IASB, as the public interest body responsible for IFRS, consults extensively with investors and other stakeholders around the world to ensure that its Standards provide high quality financial information. The Investors in Financial Reporting programme has been developed to further extend investor participation by specifically encouraging greater involvement from the buy-side community.

Central to the Investors in Financial Reporting programme is a mutually agreed Statement of Shared Beliefs, with which:

Participants in the launch phase of this important initiative are Allianz Global Investors, APG Asset Management, AustralianSuper, BlackRock, Fidelity Worldwide Investment, Henderson Global Investors, Hermes Investment Management, Nomura Asset Management, PGGM Investments and UniSuper.

Further information about the programme can be accessed via the Investors in Financial Reporting section of the IFRS website.

Commenting on the programme, Hans Hoogervorst, Chairman of the IASB said:

"The Investors in Financial Reporting programme is designed to intensify the involvement of investors in the development of high quality financial reporting standards.

"I am grateful to the investor organisations that have helped shape this launch phase of the programme and I encourage others within the investment community to join the financial reporting debate."