About the Trustees of the IASC Foundation

The 22 Trustees of the IASC Foundation are responsible for its governance and oversight, including its funding.

They promote the work of the International Accounting Standards Board (IASB) and the rigorous application of IFRSs. However, the Trustees are not involved in any technical matters relating to the standards. That responsibility rests solely with the IASB.

In addition they:

appoint members of the IASB, the International Financial Reporting Interpretations Committee (IFRIC) and the Standards Advisory Council (SAC)
review annually the strategy of the IASB and its effectiveness
establish and amend operating procedures for the IASB, the IFRIC and the SAC
approve amendments to the Constitution after following a due process, including consultation with the SAC and publication of an exposure draft for public comment.

Upcoming Trustee meetings

9-10 October 2008 (Beijing, China)
January 2009 (New Delhi, India)
1-2 April 2009 (London, UK)
7-8 July 2009 (Amsterdam, Netherlands)
7-8 October 2009 (New York, US)

Trustees are appointed for a renewable term of three years. Each Trustee is expected to have an understanding of, and be sensitive to, international issues relevant to the success of an international organisation responsible for the development of high quality global accounting standards for use in the world’s capital markets and by other users.

Six of the Trustees must be selected from the Asia/Oceania region, six from Europe, six from North America, and four from any region (see Trustee distribution).

The Trustee Appointments Advisory Group exists as a high level and broadly representative advisory group to help the Trustees in discharging their responsibility for nominating and appointing highly qualified people as Trustees.