Results of the Monitoring Board Working Group on Governance Review meeting
Dec 22, 2010
The Monitoring Board Working Group on Governance Review met on 6 December 2010 in Tokyo to continue its discussion of the review of the governance framework around the Monitoring Board and the IFRS Foundation.
The fundamental question for the governance review is whether the current governance arrangements promote the IASB's primary mission of developing high quality, global accounting standards, while providing for both the accountability and independence of the IASB.
The Monitoring Board intends to issue a consultation document in early February 2011 for public comment, with a comment period of two months. Public meetings with stakeholders will be organised during the consultation period in Asia, Europe and the Americas.
Separately, the IFRS Foundation Trustees on 5 November 2010 issued a consultation document on the Trustees' ongoing Strategy Review. The consultation period had been subsequently extended to 24 February 2011.
Please click for IFRS Foundation Monitoring Board Press release (PDF 29k).