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

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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?