Case | HBS Case Collection | September 2012 (Revised November 2012)

Integrated Reporting in South Africa

by Robert G. Eccles, George Serafeim and Pippa Armbrester

Abstract

This case presents a 20-year history of the evolution of corporate governance and corporate reporting in South Africa starting in 1992 with a focus on the three King codes of corporate governance (King I in 1994, King II in 2000, and King III in 2009). From a reporting perspective these reforms culminated in the "apply to explain why not" mandate for integrated reporting by all companies listed on the Johannesburg Stock Exchange.

Keywords: integrated reporting; sustainability reporting; stock exchanges; South Africa; corporate governance; corporate reporting; regulation; nonfinancial performance; History; Corporate Disclosure; Markets; Integrated Corporate Reporting; Performance; Corporate Governance; South Africa;

Citation:

Eccles, Robert G., George Serafeim, and Pippa Armbrester. "Integrated Reporting in South Africa." Harvard Business School Case 413-038, September 2012. (Revised November 2012.)