Press Releases/News Alerts
Nov 14, 2012
Cape Town, South Africa
IFAC Recognizes Mervyn King's Contributions to Accountancy Profession with International Gold Service Award
The International Federation of Accountants (IFAC) today presented its International Gold Service Award to Professor Mervyn King. IFAC President Göran Tidström presented the prestigious award, which recognizes outstanding contributions to the accountancy profession, during IFAC’s annual Council Meeting.
In his remarks, Mr. Tidström highlighted Mervyn King’s substantial contributions to corporate governance and integrated reporting. In particular, in his role as chair of the King Committee on Corporate Governance in South Africa, Mr. King has demonstrated extraordinary foresight and dedication, pioneering the drafting of the international benchmark for corporate governance guidelines known as King I (now King III), which have been lauded for their inclusive and integrated approach. King now presides at the center of the integrated reporting movement, chairing the International Integrated Reporting Council (IIRC), which has been charged with drafting an internationally accepted integrated reporting framework. Prior to the IIRC’s formation, King led the accelerated development of such a framework for South Africa, when the country, in 2010, became one of the first in the world to require publicly listed companies to produce integrated reports.
“It is my privilege to present the IFAC International Gold Service Award to Mervyn King here in his home country, where his work in corporate governance and integrated reporting has made South Africa a role model for the rest of the world,” said Göran Tidström. “His leadership and achievements have set the bar higher, challenging the profession worldwide to grow and evolve. His contributions have forever changed the way businesses measure and report on their performance, for the betterment of the accountancy profession, the global business community, and society as a whole.”
King’s illustrious and varied career also includes his work as an attorney, arbitrator, mediator, and advisor. He served as a judge in the Supreme Court of South Africa for two years and as the South African judge at the International Chamber of Commerce International Court of Arbitration in Paris for nine years. He has received numerous academic accolades, including being named Professor Extraordinaire at the University of South Africa in the College of Economic and Management Sciences. He holds an honorary doctor of laws from the University of the Witwatersrand, in addition to numerous honorary appointments and other awards.
About the IFAC International Gold Service Award
The IFAC International Gold Service Award was created by the IFAC Council in 2010 to recognize outstanding individual contributions to the accountancy profession.
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 167 members and associates in 127 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
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