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
| Trustee | From | Term 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 2014 |
| 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 2013 |
| 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 |
| Ronald Arculli Chairman of Hong Kong Exchanges and Clearing Limited; Member of the Hong Kong government executive council |
Hong Kong | 31 December 2014 |
| C.B. Bhave Former Chairman of the Securities and Exchange Board of India (SEBI) |
India | 31 December 2014 |
| Clemens Börsig 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 2013 |
| Yves-Thibault de Silguy Chairman of the Board, Vinci, and former member of the European Commission |
France | 31 December 2012 |
| Scott Evans Executive Vice President - Asset Management, and Chief Executive Officer of TIAA-CREF Investment Management LLC |
United States | 31 December 2014 |
| Harvey Goldschmid Dwight Professor of Law, Columbia University, and former Commissioner of the US Securities and Exchange Commission |
United States | 31 December 2012 |
| Yong Li President, Chinese Institute of Certified Public Accountants; Vice Minister to the Ministry of Finance of the People’s Republic of China |
People's Republic of China | 31 December 2014 |
| Jeffrey Lucy Former Chairman of the Australian Securities and Investments Commission and current Chairman of the Australian Financial Reporting Council |
Australia | 31 December 2013 |
| Pedro Malan Former Finance Minister and former president of the Central Bank of Brazil, and currently chairman of the board of Unibanco |
Brazil | 31 December 2013 |
| Sir Callum McCarthy Non-executive Director of Industrial and Commercial Bank of China, IntercontinentalExchange and the UK HM Treasury |
United Kingdom | 31 December 2014 |
| Marco Onado Chairman, Pioneer Global Asset Management, and Senior Professor of Financial Institutions at the Bocconi University in Milan, Italy |
Italy | 31 December 2014 |
| James Quigley Senior Partner, and former Global Chief Executive Officer of Deloitte Touche Tohmatsu Limited |
United States | 31 December 2014 |
| Noriaki Shimazaki Executive Vice President, Sumitomo Corporation |
Japan | 31 December 2013 |
| David Sidwell Former Chief Financial Officer, Morgan Stanley; Director, UBS; Director, MSCI Inc |
United States | 31 December 2012 |
| Dick Sluimers Chief Executive Officer of APG Group |
Netherlands | 31 December 2013 |
| Paul Tellier Former President and CEO, Bombardier and CN; former Clerk of the Privy Council and Secretary of the Cabinet of Canada |
Canada | 31 December 2012 |
| Jeff van Rooyen Chief Executive, Uranus Investment Holdings; former Vice Chairman Executive Committee, International Organization of Securities Commissions (IOSCO); former CEO, South African Financial Services Board |
South Africa | 31 December 2012 |
| Antonio Zoido Chairman of Bolsas y Mercados Españoles (BME) |
Spain | 31 December 2013 |
| 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. | ||
