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UPDATE

UPDATE. Today. OUR STAKEHOLDERS WHY XBRL TODAY ? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014. Who are our key stakeholders?. ANALYSTS. THE ENTERPRISE. REGULATORS. Who are our key stakeholders?. ✗. ANALYSTS. ✗. THE ENTERPRISE. ✓. REGULATORS. We are….

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UPDATE

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  1. UPDATE

  2. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  3. Who are our key stakeholders? ANALYSTS THE ENTERPRISE REGULATORS

  4. Who are our key stakeholders? ✗ ANALYSTS ✗ THE ENTERPRISE ✓ REGULATORS

  5. 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.

  6. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  7. XBRL? NO THANKS!

  8. STRUCTURED DATA AND EXECUTABLE BUSINESS RULES? YES PLEASE!!

  9. Key usp#1

  10. Key usp#2 CLEAR DEFINITIONS BUILT INTO TAXONOMIES PUBLIC BUSINESS RULES BUILT INTO TAXONOMIES MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT + + + EXTENSIBILITY

  11. Key usp#3

  12. Xbrl ≠ xml!XBRL ≠ EXCEL! ✗ ✓

  13. Conceptual model OBLIGATIONS MODEL FOR REGULATION (CRD IV/SOL II) ABSTRACTION METHOD (DPM) FORMALLY PROVABLE BUSINESS RULES (XBRL)

  14. BUT NOTE! Asymmetric benefit Key USP: Testable & Provable Sustained growth Funding Conundrum

  15. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  16. NOTHING BETTER!

  17. WHY?

  18. BECAUSE XBRL EXISTS TO:IMPROVE REPORTING∴ IMPROVE DECISION MAKING∴ IMPROVE RESOURCE ALLOCATION

  19. IMPROVE RESOURCE ALLOCATION

  20. A PUBLIC GOOD

  21. <> PUBLIC GOOD

  22. PUBLIC GOOD

  23. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  24. Three initiatives • ENHANCE AND ENERGIZE OUR SPECIFICATIONS WORK • RECAST OUR COMMUNICATIONS AND BRAND • DEVELOP PLANS FOR FUTURE BUSINESS MODEL

  25. 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.

  26. 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

  27. 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)

  28. New business model • Two key questions: • Funding • Community • Stay tuned!

  29. QUESTIONS?

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