The How and Why of Forming a Jurisdiction
Why Form a Jurisdiction?
However you say it . . . collaboration, colaboración, 合作, التعاون, ukubambisana . . . it’s the key to success in the world of enhanced business reporting. Jurisdictions create an environment of local collaboration – and then extend that collaboration globally . . .
In a country that doesn’t have a Jurisdiction? Create one! Forming a Jurisdiction gives you a powerful voice in your own country to advocate for improved digital business reporting. It also makes you part of something much, much bigger. A global movement driving transparency, better capital allocation and more effective decision making.
How do I Form a Jurisdiction?
Start Talking – Connect yourself to other interested parties in your country. Don’t know anyone in your country also interested in XBRL? Ring us up, chances are we do and we’re making introductions every day. Start by becoming a Direct Member. Go to international events, meet people in the consortium and get involved right away. When the time comes to start working, you’ll be prepared.
Your first step to becoming a member
Come up with a plan – Jurisdictions are the exclusive representatives of their country to the global XBRL consortium. It’s a role we take very seriously. Before being approved, prospective Jurisdictions need to work with our Membership Development Committee to craft a three year business plan. Your business plan covers what you hope to achieve, who will be involved and where your funding will come from.
Get to Work – Advocate, write taxonomies that address your country’s reporting needs, take advantage of your new network of XBRL experts, participate on the international level in work groups or committees.
Want to Learn More? Our Membership Development Committee stands ready to help. We have the contacts you need, examples of business plans and the expertise to help you develop your goals. E-mail join@xbrl.org today!
