Paul Druckman, chief executive of the International Integrated Reporting Council (IIRC), will step down this year, although the exact date for his departure will be dependent on the appointment of his successor.

The IIRC said that Druckman would continue to lead on its programme for 2016, including its work as a member of the B20 SME Development Task Force and leading representations to the Financial Stability Board Task Force on Climate-Related Disclosures. The board of the IRRC is also keen for Druckman to continue to be involved with the organisation.

Druckman has been chief executive for nearly five years and during this time he has overseen the development of the International Integrated Reporting Framework, released in December 2013, and raised global awareness and adoption of Integrated Reporting (IR) in over 25 countries.

Chairman of the IIRC board, Barry Melancon, said, “On behalf of the board, I would like to thank Paul for his inspirational service as IIRC chief executive. Few can doubt the personal contribution he has made in advocating better quality corporate reporting and advancing IR as part of the solution to today’s capital market challenges. There cannot be a business, institutional investor or accounting professional in the world that takes corporate reporting seriously that is not aware of IR and its potential contribution to financial stability and sustainable development. This achievement is a tremendous tribute to all those involved in the IIRC’s work during Paul’s leadership, but most especially to Paul’s uniquely effective dynamism in making it happen.

The IIRC is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. The coalition aims to promote communication about value creation as the next step in the evolution of corporate reporting.