The International Accounting Standards Board and the International Integrated Reporting Council have signed an agreement to develop an integrated corporate reporting framework that includes financial, governance, management commentary and sustainability reporting.

The memorandum of understanding, signed by IASB chairman Hans Hoogervorst, and IIRC chief executive Paul Druckman, aims to deepen the cooperation between the two organizations and demonstrate the common interest of both organizations in improving the quality and consistency of global corporate reporting to deliver value to investors and the wider economy.

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