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IFRS Foundation Trustees tweak Constitution

  • IFRS - IASB Image

Nov 30, 2016

On November 30, 2016, the Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (IASB), have amended the organisation’s Constitution. The changes include reducing the size of the Board and amending the geographical distribution of Trustees.

The main changes are:

  • a reduction in the number of Board members from 16 to 14, which is the number of members the Board has been operating with for a while;
  • amendments to the geographical distribution of Board members and Trustees; and
  • amendments to Board members’ and Trustees’ professional background requirements.

Review the document outlining the feedback received to the consultation on the constitutional changes, together with the changes made, and a stand-alone updated version of the Constitution, which is effective December 1, 2016 on the IASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.