Sir David Tweedie, Chairman
Sir David Tweedie became Chairman of the International Accounting Standards Board as of 1 January 2001. Sir David was educated at Edinburgh University (BCom 1966, PhD 1969) and qualified as a Scottish Chartered Accountant in 1972. He was Technical Director of the Institute of Chartered Accountants of Scotland 1978-1981) and National Research Partner of KMG Thomson McLintock 1982 - 1987 and National Technical Partner of KPMG Peat Marwick McLintock (1987-1990). In 1990 he was appointed the first full-time Chairman of the (then) newly created Accounting Standards Board, a position he held until 2000. He was also Chairman of the Urgent Issues Task Force. He has received a number of honorary degrees and professional awards, including the Institute of Chartered Accountants in England and Wales's Founding Societies Award (1997), and the Chartered Institute of Management Accounting's CIMA Award (1998). He has been a visiting professor at the University of Lancaster International Centre for Research in Accounting (ICRA), the University of Bristol, and the University of Edinburgh. He was knighted in 1994 for his services to the Accounting Profession. His term expires 30 June 2011.
Stephen Cooper
Stephen Cooper was appointed as a part-time Board member in August 2007, while concurrently serving as Managing Director and head of valuation and accounting research at UBS Investment Bank. In January 2009, his appointment was changed from part-time to full-time. Mr Cooper brings practical experience as an active analyst on accounting and valuation matters and will play an important role in engaging the investment community in the standard-setting process. He has been recognised as a leader in his field and voted top European Valuation and Accounting analyst by Extel and Institutional Investor magazine in each of the last 10 surveys. In his capacity at UBS, Mr Cooper advises UBS's equity research analysts and institutional clients on valuation and accounting issues. As a member of the Corporate Reporting User Forum and a member of the IASB's Analyst Representative Group and Financial Statement Presentation working group, Mr Cooper has been actively involved in the IASB's work. His term expires 30 June 2012.
Philippe Danjou
Philippe Danjou, director of the accounting division of the Autorite des Marches Financiers (AMF), the French securities regulator, joined the IASB in November 2006. Mr Danjou graduated from HEC, then qualified as a Chartered Accountant and Registered Statutory Auditor, and rose to be an audit partner with Arthur Andersen & Co. (Paris). He was also Executive Director of the French Ordre des Experts Comptables (OEC) from 1982 until 1986. Mr Danjou was a member of the International Auditing Practices Committee and a technical advisor to the French delegate to the former International Accounting Standards Committee, the predecessor to the IASB. While at the AMF, he has served on the IASB's Standards Advisory Council, as an observer at the Committee on Auditing of the European Commission, as a member of IOSCO's Standing Committee 1 on Multinational Accounting and Disclosure, and the Financial Reporting Committee of the Committee of European Securities Regulators (CESRFin). His term expires 30 June 2011.
Jan Engstrom
Jan Engstrom was appointed to the IASB in May 2004 and was reappointed to a second five-year term effective May 2009. Before joining the IASB, he served with the Volvo Group for more than thirty years in various senior positions, both in his native Sweden and in Latin America. A member of the Volvo Group Management Board for ten years, he served as Chief Financial Officer (1993-1998) and Chief Executive Officer of Volvo Bus Corporation (1998-2003). Previously he was the CFO, Volvo do Brasil (1981-1985), and CFO, Volvo Truck Corporation (1985-1993). His term expires 30 June 2014.
Patrick Finnegan
Patrick Finnegan was appointed to the IASB as of 1 July 2009. Prior to joining the Board, he was Director of the Financial Reporting Policy Group, CFA Institute Centre for Financial Market Integrity. In that capacity he led a team at CFA Institute responsible for providing user input into the standard-setting activities of the IASB, FASB, and key regulatory bodies. CFA Institute is a global, not-for-profit association for investment professionals and has nearly 100,000 members. He has also co-ordinated the work of the CFA Institute's Corporate Disclosure Policy Council, which reviews and comments on financial reporting policy initiatives around the world. Before joining the CFA Institute in 2008, Mr Finnegan worked at Moody's Investors Service, where he served as a managing director in Moody's Corporate Finance Group and as a senior analyst in Moody's Financial Institutions Group. His term expires 30 June 2014.
Robert P. Garnett*
Robert P Garnett was appointed to the IASB in January 2001. Immediately before then, he was Executive Vice-President: Finance for Anglo American plc, one of the world's largest mining companies. He was a member of the South African Accounting Practices Board and served as a committee member on IASC's project on extractive industries. Mr Garnett qualified as a chartered accountant with Peat Marwick Mitchell in 1972, subsequently acting as Technical Director of the South African Institute of Chartered Accountants (1982-1984). Following a return to the practising profession as a partner in Arthur Andersen's financial consulting practice in Johannesburg (1984-1987), he joined a Southern African venture capital group to head its investment management operations, primarily in healthcare and pharmaceuticals (1987-1991). As a member of the Investment Analysts Society of Southern Africa, his next move was as General Manager of Finansbank, then a leading South African merchant bank (1991-1994). After that he joined Anglo American with responsibilities in both London and Johannesburg. His term expires 30 June 2010.
Gilbert Gelard*
Gilbert Gelard was appointed to the IASB in January 2001. His professional career has covered a wide range of aspects of financial reporting, auditing and standard-setting. After graduating from Hautes Etudes Commerciales (HEC), the leading French business school, in 1963, he joined Arthur Andersen & Co. He qualified as a French chartered accountant and auditor in 1975. From 1973 to 1987, he was the chief accounting officer of two large French industrial groups, one engaged in publishing and the media, the other in oil and gas. He joined the French Professional Institute in 1987, and was in charge of technical and international affairs until 1995. During that period, he was active in FEE, the European professional body, dealing there with European accounting matters, and took various initiatives to upgrade accountancy in Eastern Europe and Africa, while also representing France on the IASC Board from 1989-2001. He returned to the auditing profession in 1995, joining KPMG France, in charge of the Professional Practice department. Mr Gelard was a member of the French standard-setting body (CNC) from 1997 until his appointment to the IASB. He has written many articles and books on accounting matters and is a frequent lecturer in universities and speaker at conferences, being able to communicate in several languages. His term expires 30 June 2010.
Amaro Luiz de Oliveira Gomes
Amaro Gomes was appointed to a five-year term as a full-time member of the IASB as of 1 July 2009. Before joining the IASB, Mr Gomes was Head of Financial System Regulation Department of the Central Bank of Brazil. In that capacity, he played a leading role in the adoption of International Financial Reporting Standards in Brazil. (All listed companies and all banks are required to prepare and publish consolidated financial statements in full compliance with IFRSs starting in 2010.)O At the Central Bank of Brasil, Mr Gomes was responsible for drafting regulatory proposals on such matters as Basel II implementation, money laundering, accounting and auditing, microfinance, and prudential requirements. From 2004 to 2009, he served on the Accounting Task Force of the Basel Committee on Banking Supervision. Before joining the Central Bank, Mr Gomes was an auditor with one of the international audit firms. He is co-author of a book Accounting for Financial Institutions. His term expires 30 June 2014.
Prabhakar Kalavacherla
Prabhakar Kalavacherla ('PK') was appointed to the as a full time member as of 1 January 2009 for the period ending on 30 June 2013. Mr. Kalavacherla, born in India, was a partner at KPMG LLP serving both as reviewing partner for IFRS financial statements and filings with the US Securities and Exchange Commission. He has worked extensively in India and in Europe and has specialised in technology and biotechnology. Mr Kalavacherla is a member of both the Institute of Chartered Accountants of India and the American Institute of CPAs. Mr Kalavacherla holds a masters degree in accountancy with distinction from California State University-Chico. His term expires 30 June 2013.
James J. Leisenring
James J. Leisenring was appointed a member of the International Accounting Standards Board, to be its liaison member to the FASB, in January 2001. At the time of his appointment Jim Leisenring was Director of International Activities at the FASB. He joined the staff of the FASB in 1982 as director of research and technical activities and became Chairman of the Emerging Issues Task Force when it was formed in 1984. Mr. Leisenring was appointed as a member of the FASB in October 1987 and was appointed its vice chairman in January 1988. He served as chairman of the FASB Derivatives Implementation Group and the FASB Financial Instruments Task Force. He was also a member of the International Joint Working Group on Financial Instruments. Mr. Leisenring also served as chairman of the G4+1 group of standard setters and as a member of the IAS 39 implementation group. Prior to joining the FASB, he was a partner and director of accounting and auditing for Bristol, Leisenring, Herkner & Co. of Battle Creek, Michigan, a firm that is now a part of Plante & Moran. He served as chairman of the Auditing Standards Board of the American Institute of CPAs and has been a member of several other Institute committees. From 1964 to 1969 he was a member of the faculty of Western Michigan University. Mr. Leisenring received his BA from Albion College and an MBA from Western Michigan University. Mr. Leisenring is a member of the Accounting Hall of Fame. His term expires 30 June 2010.
Patricia McConnell
Patricia McConnell joined the IASB as of 1 July 2009. She is former Senior Managing Director, Equity Research, Accounting and Tax Policy Analyst, Bear Stearns & Co. In a 32-year career in Bear Stearns' Equity Research group, Ms McConnell established herself as one of the leading analysts in the United States on issues related to accounting. Institutional Investor magazine ranked her the leading analyst in the United States on accounting and tax matters for 16 consecutive years from 1991 to 2006. Throughout her career, she has been an active participant in accounting standard-setting activities as a member of the IASB's Standards Advisory Council, the International Accounting Standards Committee (the IASB's predecessor body), the CFA Institute's Corporate Disclosure Policy Council, and the New York Society of Security Analysts. Her term expires 30 June 2014.
Warren McGregor
Warren McGregor was appointed to the International Accounting Standards Board in January 2001. Before joining the Board, he was a founding Director of Stevenson McGregor, a boutique accounting practice specialising in financial reporting and accounting standards. Prior to that, he was for 10 years the Executive Director of the Australian Accounting Research Foundation (AARF), the body that until 30 June 2000 was responsible for providing technical support to the Australian Accounting Standards Board (AASB) in the development of Australian Accounting Standards. From 1983 to 1999, he attended meetings of the IASC as Technical Adviser to the Australian delegation. He was Chairman of the IASC's Insurance Steering Committee. Warren was a founding member of the G4+1 Group of national accounting standard setters. His term expires 30 June 2011.
John T. Smith
John T. Smith was appointed to the IASB in September 2002 as a part-time Board member. He became a full-time member on 1 July 2007. Mr Smith was a partner in Deloitte & Touche (USA), serving as national director of accounting policies and standards. Mr. Smith represented Deloitte & Touche on the Emerging Issues Task Force of the US Financial Accounting Standards Board (FASB). He was a member of the FASB's Derivatives Implementation Group (DIG) and Financial Instruments Task Force. He also served on the former International Accounting Standards Committee (IASC), International Financial Reporting Interpretations Committee (IFRIC), Standing Interpretations Committee (SIC), and as chairman of IASC's IAS 39 Implementation Guidance Committee. He regularly makes presentations on accounting matters, particularly financial instruments and hedging activities. His term expires 30 June 2012.
Tatsumi Yamada
Tatsumi Yamada was appointed to the International Accounting Standards Board in January 2001. Until his appointment, he was a Partner of the Japanese affiliated firm of PricewaterhouseCoopers. He was also a member of the Business Accounting Deliberation Council and the Financial System Council on Insurance subcommittee. In addition he was a member of the Executive Committee of the IASC and a member of the Japanese delegation at the Board of IASC. Mr Yamada represented Japan on the Financial Instruments Joint Working Group of Standard Setters and was a member of the former IAS 39 Implementation Guidance Committee. In 1990-3, he was seconded to Corporation Finance Research Institute (COFRI), as manager in charge of Research and Development of Financial Accounting Standards, which involved a working knowledge of International Accounting Standards, US GAAP and UK Financial Reporting Standards. Previously he had worked for the Sumitomo Corporation in Japan and the UK. Mr Yamada was visiting lecturer on International Accounting Standards at Seijyo University in 1997-98. He has published several books on accounting issues, including tax-effect accounting, accounting for financial instruments and accounting for pensions. His term expires 30 June 2011.
Wei-Guo Zhang
Wei-Guo Zhang began a five-year term as a member of the IASB on 1 July 2007. Prior to then, he was Chief Accountant and Director General of the Department of International Affairs of the China Securities Regulatory Commission (CSRC). He joined the CSRC as its Chief Accountant in 1997. While at the CSRC, Dr Zhang has had experience in a number of national and international standard-setting, and regulatory activities. Since 2002, Dr Zhang has been a member of Standing Committee No.1 on Accounting, Auditing and Disclosure of the Technical Committee of the International Organization of Securities Commissions (IOSCO). He has also been a member of the China Accounting Standards Committee since 1998 and the China Auditing Standards Committee since 2004. Before joining the CSRC, Dr Zhang was Head of the Department of Accounting at Shanghai University of Finance and Economics (SUFE), where he also received his PhD in economics. His term expires 30 June 2012.
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