Report of the IFRS Foundation Trustees February 2017 meeting

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Feb 27, 2017

On February 27, 2017, the report of the IFRS Foundation Trustees meeting held in Paris on February 1–2, 2017 was released.

Meeting ac­tiv­i­ties included the following:

  • Executive session — The Trustees discussed a number of important strategic issues:
    • Strategic workplan 2017 — The Trustees discussed the four primary strategic goals of the workplan.
    • Maintenance of IFRS The Trustees received a presentation on the approach to the interpretations process.
    • Foundation’s location — The Trustees agreed that the Foundation should stay in London in the medium-term, but will reassess its location over time.
    • Presentation on the work of the International Integrated Reporting Council (IIRC) — The Trustees noted that the IIRC will like to establish a closer relationship with the IASB.
    • Other issues — The Trustees discussed its self-assessment and were updated on the Asia Oceania office’s work on long-term investment and the effect of accounting information on investment decision-making. The Trustees also discussed the timetable for the 2016 Audited Financial statements.
    • Committee reports — The Trustees discussed reports from the Audit and Finance Committee, the Education and Content Services Committee, the Human Capital Committee, and the Nom­i­nat­ing Committee.
  • IASB Chairman’s report — The Chair of the IASB provided the Trustees with an update on a number of the IASB’s technical ac­tiv­i­ties, agenda con­sul­ta­tion, engagement strategy, and implementation activities.
  • Meeting with the Monitoring Board — The Trustees discussed the Foundation’s strategy, due process, and governance.
  • Events in Paris — The Association Francaise des Enterprises Privees hosted a stake­holder event with the Trustees, which included the final Tommaso Padoa-Schioppa lecture.

The full report on the IFRS Foun­da­tion trustees’ meeting is available on the IASB’s website.

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