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The CICA's Canadian Performance Reporting Board The Board's Mandate The Canadian Performance Reporting (CPR) Board is responsible for providing vision and leadership to the work of the CICA in advancing the measurement and reporting of organizational performance other than financial statement reporting (which is the mandate of Canada's Accounting Standards Board). Membership The CPR Board meets in person three or four times a year (one-day meeting) and there are conference calls as required. When needed, Board members also participate in working groups for which staff support is normally provided. Chris Hicks, CA, Principal, Knowledge Development is the CICA staff contact. Activities The CPR Board publishes working paper reports, guidance documents and recommended practices that it considers to be in the best interests of the public. Developing and maintaining CICA's best-practice guidance about Management's Discussion and Analysis (MD&A) is, at present, the CPR Board's primary responsibility, comprising the publication Management's Discussion and Analysis: Guidance on Preparation and Disclosure and its related interpretive releases. In addition, an MD&A electronic resource centre is available for both CICA members and others. The CPR Board has also developed a discussion brief considering issues in the CEO and CFO certifications that are required by securities regulators. The CPR Board sponsored the research report: Stakeholder Relationships, Social Capital and Business Value Creation. This report examines how, and in what ways, stakeholder relationships can lead to the creation of social capital and business value. Several Canadian companies have focused on building strong stakeholder relationships as a key element of their business strategy. The report examines the experiences of three such companies by way of case studies and also includes an extensive review of the literature in this area. The CPR Board also provided Canadian input to the Global Reporting Initiative (GRI) in its development of Sustainability Reporting Guidelines that constitute a framework for reporting on an organization's economic, social and environment performance. It continues to monitor the activities of the GRI. Due Process In developing best practice guidance, the CPR Board follows a rigorous due process. For example, development of Management's Discussion and Analysis: Guidance on Preparation and Disclosure involved input from the regulators, detailed review and approval by the CPR Board, and a public exposure process.
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