IFRS Foundation Trustees publish revised IFRS Foundation Constitution

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19 Feb, 2013

The Trustees of the IFRS Foundation have published a revised version of the IFRS Foundation Constitution. The document reflects changes to the Constitution regarding the separation of the role of Chairman of the IASB and Chief Executive Officer of the IFRS Foundation.

The changes are a results of the Monitoring Boards governance review 2010-2011, which stated that the Chair of the IASB no longer serves as CEO of the IFRS Foundation. Instead, this responsibility has been included in a new role of Executive Director. They have already implemented this change with the appointment of Yael Almog as Executive Director of the IFRS Foundation in 2012.

The changes were approved by the IFRS Foundation Trustees on 23 January 2013 and are effective immediately.

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