Michele Embling - Chair of the External Reporting Board

Delivering on our vision of achieving prosperity for New Zealand, through effective decision making informed by high-quality reporting, requires us to work across all sectors of the economy, and engage with a broad range of stakeholders. Our adoption of international standards to support firms to be competitive and comparable on the global stage is critical to ensuring New Zealand’s capital markets thrive. The Not-for-Profit and Public sectors make an important contribution to the well-being of New Zealanders extending beyond monetary value. The reporting standards we set play a vital role in ensuring transparency, accountability and trust in these sectors is maintained.  
Developing and issuing reporting standards is not a one-way street. We must continuously strive to maintain a balance between the quality of the standards with their practical application and use. This requires us to talk, and more importantly, to listen. I am continuously impressed by the willingness of individuals and organisations to help us achieve that balance. Whether that’s by giving feedback, collaborating with us to develop new and innovative solutions, contributing technical expertise, or in the case of our climate-related disclosures work, supporting us to engage with new and different stakeholders. On behalf of my fellow Board members, and the XRB, I would like to say thank you to all of you for your invaluable support.  
Ehara taku toa
i te toa takitahi
Engari, he toa takitini
Success is not the work of one, but the work of many.

Published: 27 January 2022