IFRS Foundation Trustees propose tenure increases for Chair and Vice-Chair
Jun 19, 2018
On June 19, 2018, the Trustees of the IFRS Foundation issued narrow-scope amendments to the IFRS Foundation Constitution that will increase the maximum tenure of the Trustees’ Chair and Vice-Chair. Comments on the proposal are due by September 17, 2018.
Specifically, the proposed amendments would:
- Increase the maximum tenure of the Trustee Chair and Vice-Chair to nine years.
- Allow the option to appoint a Chair from either internally within the Trustees or externally.
- Clarify the requirements for Trustee reappointments.
Review the press release on the International Accounting Standards Board’s website.