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The Constitution of the IASC Foundation was originally approved in May 2000 and requires the Trustees to undertake a constitutional review every five years.
The first review commenced in November 2003 and was concluded in June 2005. As a result of the first Constitution Review, a number of enhancements were made to the Constitution.
Second Constitution Review
The second Constitution Review began in January 2008 with a target date for full completion of the review by 2010 (see a detailed timetable of the Constitution Review).
Following discussions with stakeholders, the Trustees determined that the process for the Constitution Review 2008 should be split into two parts. Part one focuses on the governance and public accountability of the IASC Foundation (the Creation of a Monitoring Board) and on the size and composition of the IASB; in part two the Trustees are addressing the remaining constitutional issues.
Where are we in the 2008 Constitution Review?
In their January meeting the Trustees concluded the first part of the Constitution review, announcing the creation of a Monitoring Board and the expansion of the IASB to 16 members and giving more consideration to the geographical composition of the IASB.
For more details on part one, click here.
In December 2008, the Trustee published a consultation document on the second part of the constitution review.
For more information on part two, click here.
To see when the next Constitution review roundtables will be held, click here.
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