IFRS Foundation Trustees
Overview
Number of trustees
There are currently 22 Trustees.
Geographical balance of trustees
The IFRS Foundation Constitution requires the following geographic balance for Trustees:
- Six from the Americas
- Six from Europe
- Six from the Asia/Oceania region
- One from Africa
- Three from any area, subject to establishing overall geographical balance.
Backgrounds of trustees
The constitution requires an appropriate balance of professional backgrounds, including auditors, preparers, users, academics, and other officials serving the public interest. Two will normally be senior partners of prominent international accounting firms.
Selection of trustees
Trustees are appointed by the Board of Trustees itself (self-perpetuating board). Trustees adopt their own procedures for appointing trustees. Those procedures must include consultation with national and international organisations of auditors (including IFAC), preparers, users, and academics and public solicitation of nominees including self-nominations. To achieve this objective, the trustees have established a Trustee Appointments Advisory Group. The trustees will consult that body before making decisions on trustee appointments.
Current IFRS Foundation Trustees
Trustee | From | Term Expires |
---|---|---|
Erkki Liikanen, Chairman of the Trustees Mr Liikanen has worked in various leadership positions which included serving as Governor of the Bank of Finland, Governor of the International Monetary Fund, and member of the Governing Council of the European Central Bank. |
Finland | 30 September 2027 |
Teresa Ko, Vice-Chair China chairman and partner of Freshfields Bruckhaus Deringer; non-executive director of the Securities and Futures Commission of Hong Kong |
Hong Kong | 31 December 2024 |
Maria Theofilaktidis, Vice-Chair Executive Vice-President, Chief Compliance Officer and Head of Enterprise Risk for The Bank of Nova Scotia |
Canada | 31 December 2025 |
Bertrand Badré Managing Partner and Founder of Blue Like an Orange Sustainable Capital |
France | 31 December 2026 |
Rudolf Bless Chief Accounting Officer (CAO) for Bank of America |
United States | 31 December 2026 |
Koushik Chatterjee Executive Director, Chief Financial Officer, and board member of Tata Steel Limited |
India | 31 December 2025 |
Morgan Després Executive Director for international climate finance, land use and net zero macroeconomy at the European Climate Foundation (ECF) |
France | 31 December 2026 |
Jorge Familiar Vice President and Treasurer of the World Bank |
Mexico | 31 December 2024 |
Suresh P. Kana Chairman of the South-African standard-setter, the Financial Reporting Standards Council; also chairs the King Committee on Corporate Governance in South Africa and the Audit Committee of the United Nations World Food Programme) |
South Africa | 31 December 2024 |
Masamichi Kono Deputy Secretary General of the Organisation for Economic Cooperation and Development (OECD) |
Japan | 31 December 2026 |
Sukjoon Lee Former Minister of the Office for Government Policy Coordination, now a senior adviser to Shin & Kim LLC |
South Korea | 31 December 2025 |
Steven Maijoor Former Chair of the European Securities and Markets Authority (ESMA), currently member of the Executive Board of De Nederlandsche Bank |
Netherlands | 31 December 2025 |
Chong-Tee Ong Chairman of the Accounting and Corporate Regulatory Authority in Singapore |
Singapore | 31 December 2026 |
Robert Pozen Senior lecturer at MIT Sloan School of Management and a non-resident senior fellow at the Brookings Institution; formerly President of Fidelity Investments and Executive Chair of MFS Investment Management |
United States | 31 December 2026 |
Kenneth Robinson Trustee of the Financial Accounting Foundation and a board member of Paylocity and Morgan Stanley |
United States | 31 December 2026 |
Giovanni Sabatini Former General Manager of the Italian Banking Association and former Director General of the banking and financial system at the Italian Ministry of Finance |
Italy | 31 December 2027 |
Isabel Saint Malo Former Vice President and Foreign Minister of Panama, now an advocate and adviser on the United Nations’ Sustainable Development Goals |
Panama | 31 December 2025 |
Erhard Schipporeit Independent management consultant and is a supervisory board member for several German companies |
Germany | 31 December 2026 |
Richard Sexton Member of the Board and the Audit Committee Chair for Northumbrian Water and a Trustee and Audit and Risk Committee Chair of Our Future Health |
United Kingdom | 31 December 2026 |
Sarah J. Al Suhaimi Chair of the Board of Directors of Tadawul, the Saudi Stock Exchange, and CEO of NCB Capital, the investment banking arm of Saudi Arabia’s National Commercial Bank |
Saudi Arabia | 31 December 2024 |
Keiko Tashiro Deputy President at Daiwa Securities and Head of Overseas Operations and Head of Sustainable Development Goals |
Japan | 31 December 2024 |
Wencai Zhang Vice President of the Export-Import Bank of China |
China | 31 December 2025 |
Note: At their meeting in January 2010, the Trustees voted to rename the IASC Foundation to the IFRS Foundation. The name change was implemented as of 31 March 2010. |