Framework for Integrated Reporting Governance Embedded in mainstream management processes? Describing non-financial governance: Top countries: In the current environment the challenge for companies is to clearly explain what are often complex internal processes and controls, demonstrating how they are used to assess, monitor and manage current and future business activities, thereby safeguarding stakeholder interests. Pivotal to the long-term success of a business is a focus on a consistent and systematic approach to managing risk, where issues are identified and assessed in terms of how they may impact the future success of the business or the sustainability of the company in the long-term. How the company is organised to deliver on its strategic commitments and the central management processes in place should demonstrate the relationship between sustainability objectives and financial objectives. The same rigorous governance systems should underpin management decisionmaking processes and performance evaluation across the business. European reporters also stood out in this area – specifically the UK and France. French reports seem to make the clearest link between boards and senior executives being instrumental in delivering the strategy and performance of the business. The governance overviews tend to present the Board as a united and engaged entity through powerful and innovative group photography. The UK, due to its established corporate governance regime, is also strong at reporting in this area and companies here are beginning to position their governance as more integral to their business operations. In addition, these companies are also reporting greater detail and commitment around approaches to governance structures, and insight into how they are run. South Africa 87% Brazil 80% Europe 74% Board level Sustainability Committees* Top countries: South Africa 62% Brazil 55% Europe Key findings South African companies have the highest number of Board committees with a non-financial focus. With the increasing focus on integrated reporting at a legislative level in the country, it is not surprising that the non-financial issues are given prominence at Board level. 40% * Could be defined as corporate responsibility, sustainability, health, safety or environmental committees. 24 Towards Global Sustainability A country by country review of the international integrated reporting landscape