NEW YORK, HERTOGENBOSCH, Netherlands and BOSTON, April 15, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company, and Harvard Business School Professors Robert G. Eccles and George Serafeim announce today a world class online leadership program to help companies utilize the new International Integrated Reporting Framework and provide them with a gap analysis of their current and desired state. The International Integrated Reporting Council (IIRC) will publish this new Consultation Draft framework for integrated reporting on April 16, 2013.The US launch of the IIRC Consultation Draft will be held at NASDAQ OMX's MarketSite.
This new corporate reporting framework reflects the wide range of factors that affect corporate performance including both financial and non-financial (e.g., environmental, social, and governance) results and the assets required to produce them (e.g., financial, natural, human, and social). To help companies voluntarily utilize and benefit from this new corporate reporting framework, Harvard Business School Professors Robert Eccles and George Serafeim, the world's leading academic experts on integrated reporting, together with BWise, have organized an online training program for corporate executives that want to be at the forefront of Integrated Reporting. Eccles is a member of the IIRC and Chairman of the Sustainability Accounting Standards Board (SASB) where Serafeim is a member of the Standards Council.
Integrated Reporting enables an organization to communicate in a clear and articulate way how it is drawing on all the resources and relationships it utilizes to create and preserve value in the short-, medium-, and long-term and thereby helping investors to manage risks and allocate resources most efficiently. The first online training course will start in September 2013 and is now open for registration.
The program has been designed by Harvard Business School Professors Robert Eccles and George Serafeim and they also act as the lead faculty for the program. Both professors are well known and respected names in academia and industry, and have conducted significant research on corporate reporting and sustainability that has been published in the top academic and practitioner journals, such as Harvard Business Review and Sloan Management Review. They have also written several books on this subject, including One Report: Integrated Reporting for a Sustainable Strategy, the first book on integrated reporting and that contributed to the formation of the IIRC. The program also has several well-known and respected quest speakers from leading companies practicing integrated reporting, investors, the IIRC, SASB, the Global Reporting Initiative (GRI), and a variety of subject matter experts from different professions to give executives participating in the program a good overall understanding of the benefits of integrated reporting.
Professor Robert Eccles: "George and I are delighted to have this opportunity to work with the BWise Academy and NASDAQ OMX to create this online training program. Integrated reporting is clearly the future of corporate reporting. Executives all over the world are interested in learning more about it and how to implement it in their organization. We have developed a very practical course to help them do so. Each module has an application exercise with the sixth one being an outline for an actual integrated report the company can build on to publish if it chooses to do so."
Professor George Serafeim: "The research Bob and I are doing is focused on helping companies develop sustainable long-term strategies and investors to earn superior long-term returns. Integrated reporting is an important new and leading business practice that contributes to both of these objectives."
NASDAQ OMX has affirmed its commitment to sustainable business practices, and the delivery of integrated reporting education is an important part of that commitment.
Lars Ottersgård, Senior Vice President NASDAQ OMX: "At NASDAQ OMX we have always been a believer that a commitment to sustainability is good for a company's financial performance and that the best way to communicate on both is through integrated reporting. As part of our commitment to sustainability and integrated reporting, NASDAQ OMX is one of the co-authors and signatories of the Sustainable Stock Exchange Initiative. As an organization ourselves, we are also participating in the IIRC Pilot Programme. Thus we are advocating for our listed companies and any others who want to participate in this training program what we are already doing for ourselves."
Robert Pijselman, CEO of BWise: "Together with Harvard Business School Professors Eccles and Serafeim and the BWise Academy, we have organized a unique world class leadership training program in terms of the lecturers and quests speakers in order to enable corporate executives to not only understand and utilize the Framework, but most importantly to get a better understanding of the benefits of the integrated reporting approach and the added value it can bring to a company." BWise helps companies worldwide to track measure and manage key organizational risks, including the risk of non-compliance, by offering best-of-industry Governance, Risk, and Compliance software and services.
More information: www.bwise.com/integrated-reporting.
BWise, a NASDAQ OMX company, is the global leader in Enterprise Governance, Risk Management, and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC, and Sustainability Performance Management.
BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic, and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.
BWise sales, service, and support offices around the globe provide for the GRC needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For more information, visit www.bwise.com.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
CONTACT: BWise Contact BWise, a NASDAQ OMX company Clarinda Dobbelaar VP Marketing +3173 646 4915 Clarinda.email@example.com www.bwise.com NASDAQ OMX Contact: Ryan Wells Director, Corporate Communications (212) 231-5541 (office) (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com www.nasdaqomx.com
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