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IFRS Foundation Trustees

Overview

Number of trustees

There are currently 22 Trustees. Initially, the Foundation Board of Trustees had 19 Trustees.

Geographical balance of trustees

The IFRS Foundation Constitution requires the following geographic balance for Trustees:

  • Six from North America
  • Six from Europe
  • Six from the Asia/Oceania region
  • Four from any area, subject to establishing overall geographical balance.

Backgrounds of trustees

The constitution requires an appropriate balance of professional backgrounds, including auditors, preparers, users, academics, and other officials serving the public interest. Two will normally be senior partners of prominent international accounting firms.

Selection of trustees

Trustees are appointed by the Board of Trustees itself (self-perpetuating board). Trustees adopt their own procedures for appointing trustees. Those procedures must include consultation with national and international organisations of auditors (including IFAC), preparers, users, and academics and public solicitation of nominees including self-nominations. To achieve this objective, the trustees have established a Trustee Appointments Advisory Group. The trustees will consult that body before making decisions on trustee appointments.

Current IFRS Foundation Trustees

TrusteeFromTerm Expires
Michel Prada Chairman of the IFRS Foundation Trustees
Chairman of the International Valuation Standards Council, co-Chairman of the Council on Global Financial Regulation and is a non-executive Director of the International Centre for Financial Regulation.
France 31 December 2017
Tsuguoki (Aki) Fujinuma
Vice-Chairman of the IFRS Foundation Trustees
Immediate Past Chairman and President, Japanese Institute of Certified Public Accountants, Japan
Japan 31 December 2014
Robert Glauber
Vice-Chairman of the IFRS Foundation Trustees
Retired chairman and chief executive officer, NASD (the private sector regulator of the US securities market), and former Under Secretary of the Treasury for Finance, United States
United States 31 December 2014
Abdulrahman Al-Humaid
Chairman of the Committee for Adopting International Accounting Standards of the Saudi Organization of Certified Public Accountants (SOCPA)
Saudi Arabia 31 December 2015
Ronald Arculli
Chairman of Hong Kong Exchanges and Clearing Limited; Member of the Hong Kong government executive council
Hong Kong 31 December 2017
C.B. Bhave
Former Chairman of the Securities and Exchange Board of India (SEBI)
India 31 December 2017
Clemens Börsig
Former Chairman of the Supervisory Board, Deutsche Bank AG
Germany 31 December 2014
Duck-Koo Chung
Former Minister of Commerce, Industry and Energy for the Republic of Korea
Republic of Korea 31 December 2016
Scott Evans
Former Executive Vice President - Asset Management, and Chief Executive Officer of TIAA-CREF Investment Management LLC
United States 31 December 2014
Sheila Fraser
Member of the International Public Sector Accounting Standards Board (IPSASB); former Auditor General of Canada; former Chair of the Canadian Public Sector Accounting Board
Canada 31 December 2015
Harvey Goldschmid
Dwight Professor of Law, Columbia University, and former Commissioner of the US Securities and Exchange Commission
United States 31 December 2015
Jin Liqun
Chairman, China International Capital Corporation Limited, and member of the foreign policy advisory committee of the Chinese Foreign Ministry
People's Republic of China 31 December 2016
Sir Callum McCarthy
Non-executive Director of Industrial and Commercial Bank of China, IntercontinentalExchange and the UK HM Treasury
United Kingdom 31 December 2017
Heidi Miller
Former President of International Operations and Strategy at JPMorgan Chase & Company; former Chief Executive Officer of the Treasury and Securities Services Unit of JPMorgan; former Chief Financial Officer for several financial institutions, including Bank One, Citigroup and Travellers Group
United States 31 December 2015
Wiseman Nkuhlu
Former Economic Adviser to former South African President Thabo Mbeki; the first Chairman of the Steering Committee and Chief Executive of the Secretariat of the New Partnership for Africa’s Development (NEPAD); former President of the South African Institute of Chartered Accountants; former Chairman of the South African Council of Higher Education; former President of the International Organization of Employers. Chancellor of the University of Pretoria.
South Africa 31 December 2015
Joji Okada
Chief Financial Officer, Senior Executive Managing Officer and Representative Director of Mitsui & Company Limited; Japan
Japan 31 December 2015
Marco Onado
Chairman, Pioneer Global Asset Management, and Senior Professor of Financial Institutions at the Bocconi University in Milan, Italy
Italy 31 December 2017
James Quigley
Senior Partner, and former Global Chief Executive Officer of Deloitte Touche Tohmatsu Limited
United States 31 December 2017
Maria Helena Santana
Chair and President of the Comissao de Valores Mobiliarios (CVM)
Brazil 31 December 2016
Dick Sluimers
Chief Executive Officer of APG Group
Netherlands 31 December 2016
Lynn Wood
Chairman of the Australian Financial Reporting Council (FRC); member of the New Zealand External Reporting Board (XRB)
Australia 31 December 2016
Antonio Zoido
Chairman of Bolsas y Mercados Españoles (BME)
Spain 31 December 2016
Note: At their meeting in January 2010, the Trustees voted to rename the IASC Foundation to the IFRS Foundation. The name change was implemented as of 31 March 2010.