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The International Accounting Standards Board (IASB) has the best developed external stakeholder engagement capabilities amongst 30 of the world’s most powerful global organisations and is a high performer in both transparency and evaluation, according to a report on global accountability published today by the One World Trust.
The IASB topped global rankings across all assessed organisations for stakeholder participation. Amongst international non-governmental organisations (INGOs) the IASB was ranked first for evaluation and second for transparency, sharing the ‘high performer’ assessment with Christian Aid. ‘High performers’ are identified as those organisations scoring at least 50 per cent in three out of four dimensions used as the basis for assessment: transparency, participation, evaluation, and complaints and response.
The 2007 Global Accountability Report is an annual assessment of the capability of 30 of the world’s most powerful global organisations from the intergovernmental, non-governmental and corporate sectors to be accountable to civil society, affected communities, and the wider public.
Commenting on the report Phil Laskawy, Chairman of the IASC Foundation, the body responsible for oversight and governance of the IASB, said:
Transparency and accountability have been cornerstones of the standard-setting process since we started in 2001 and recent enhancements to our due process have further strengthened this commitment. We welcome this independent assessment of our progress to date.
Rob Lloyd, lead author of the 2007 Global Accountability Report, commented:
Accountability makes powerful organisations more effective and legitimate. Without it, solutions to global challenges will fail. The IASB has developed procedures that bring transparency, predictability and consistency to the way its key constituencies are involved in its activities and should be congratulated on its achievements. We would like to see more global organisations doing the same.
A copy of the One World Trust 2007 Global Accountability Report can be downloaded from ww.oneworldtrust.org
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