IFRS Foundation Trustees hold March 2022 meeting

  • IFRS Trustees meeting (blue) Image

04 Apr, 2022

The IFRS Foundation Trustees met on 2–3 March 2022.

Meeting ac­tiv­i­ties included the following:

  • Report of the Chair of the Trustees and the Executive Director — The Trustees received a report from meetings with key stakeholders and ac­tiv­i­ties since the last meeting.
  • IASB Chairman’s report— The Chair of the IASB provided the Trustees with a general update on the IASB’s technical ac­tiv­i­ties, es­pe­cially on the ongoing work in the IASB’s Third Agenda Consultation and the goodwill and impairment project. The IASB Chair also updated the Trustees on steps taken to minimise the affect of operating without a full complement of members.
  • ISSB leadership introduction— The Trustees were provided with an update by Chair Emmanuel Faber, Vice-Chair Sue Lloyd, and Special Advisor Janine Guillot.
  • Update on key organisational risks — The Trustees were provided with an update on management and oversight of risk at the Foundation.
  • Sustainability Consultative Committee and Sustainability Standards Advisory Forum — The Trustees were updated on progress related to the Sustainability Consultative Committee and the establishment of the Sustainability Standards Advisory Forum. The Trustees noted that the ISSB may need to create an interim advisory group from a jurisdiction with that have been developing their own sustainability-related reporting requirements.
  • ISSB and the academic community — The Trustees believe that the ISSB should build a relationship with the academic community and will discuss at a future meeting.
  • Reports from Trustee Committee meeting — The Trustees were provided with an update from the 1–2 March meeting, which included updates from the Audit, Finance and Risk Committee, Business Processes and Technology Committee, Human Capital Committee, Nominating Committee, Due Process Oversight Committee.

The Trustees also held a shareholder event and met with the Monitoring Board.

For more in­for­ma­tion, see the full summary on the IFRS Foun­da­tion website.

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