UPDATE
Jan 04, 2016
UPDATE
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Who are our key stakeholders?
ANALYSTS
THE ENTERPRISE
REGULATORS
Who are our key stakeholders?
ANALYSTS
THE ENTERPRISE
✗
✗
REGULATORS✓
We are…• An active, determined, global coalition of people focused on making performance, financial, compliance and regulatory reporting better for our communities.
• Our global community is diverse.• But we need to focus on our key stakeholders: our regulators.
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Key usp#1
Key usp#2
CLEAR DEFINITIONS BUILT INTO TAXONOMIES
CLEAR DEFINITIONS BUILT INTO TAXONOMIES
PUBLIC BUSINESS RULES BUILT
INTO TAXONOMIES
PUBLIC BUSINESS RULES BUILT
INTO TAXONOMIES++
EXTENSIBILITYEXTENSIBILITY
+
Key usp#3
Xbrl ≠ xml!XBRL ≠ EXCEL!
✗ ✓
Conceptual model
OBLIGATIONS MODEL FOR REGULATION(CRD IV/SOL
II)
OBLIGATIONS MODEL FOR REGULATION(CRD IV/SOL
II)
FORMALLY PROVABLE
BUSINESS RULES(XBRL)
FORMALLY PROVABLE
BUSINESS RULES(XBRL)
ABSTRACTION METHOD (DPM)ABSTRACTION METHOD (DPM)
BUT NOTE!
Asymmetric benefit
Key USP: Testable & ProvableSustained growth
Funding Conundrum
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
NOTHING BETTER!
WHY?
BECAUSE XBRL EXISTS TO:
IMPROVE REPORTING∴ IMPROVE DECISION MAKING
∴ IMPROVE RESOURCE ALLOCATION
IMPROVE RESOURCE ALLOCATION
A PUBLIC GOOD
<>
PUBLICGOOD
<>
PUBLICGOOD
PUBLIC GOOD
PUBLIC GOOD
TodayOUR STAKEHOLDERSWHY XBRL TODAY?MAKING OUR MISSION EXPLICITTHREE GOALS FOR 2014
Three initiatives
• ENHANCE AND ENERGIZE OUR SPECIFICATIONS WORK
• RECAST OUR COMMUNICATIONS AND BRAND
• DEVELOP PLANS FOR FUTURE BUSINESS MODEL
specs
• We need new energy and new focus on our Specs.
• We need to be able to clearly communicate our goals and the pathway to them.
• We need to focus on quality and outcomes.
• We need the community to work together.
specs
• We need new energy and new focus on our Specs.
• We need to be able to clearly communicate our goals and the pathway to them.
• We need to focus on quality and outcomes.
• We need the community to work together.
REQUIREMENTS BASED
CLOSER TO STAKEHOLDERS
communications• XII’s purpose and brand are misunderstood. Make the implied, explicit.
• We need:– Clear messaging.– Supportive, educational materials filled with real examples.
– Data-backed not Hype or Hope.– (And a vastly better website. ahem)
New business model
•Two key questions: – Funding– Community
•Stay tuned!
QUESTIONS?