IFRS Foundation Trustees


Number of trustees

There are currently 22 Trustees. Initially, the Foundation Board of Trustees had 19 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 31 December 2024
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 2023
Larry Leva, Vice-Chair
Global vice-chairman for quality, risk and regulatory at KPMG International
United States 31 December 2023
Dame Colette Bowe
Chairman of the UK Banking Standards Board; board member of the UK Statistics Authority; trustee and chairman of the audit committee of the Nuffield Foundation
United Kingdom 31 December 2023
Koushik Chatterjee
Executive Director, Chief Financial Officer, and board member of Tata Steel Limited
India 31 December 2025
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 2023
Sukjoon Lee
Former Minister of the Office for Government Policy Coordination, now a senior adviser to Shin & Kim LLC
South Korea 31 December 2025
Michel Madelain
Current vice chairman and former president of Moody’s Investors Service; former partner of EY in France
France 31 December 2023
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
Ross McInnes
Chairman of the board of Safran; non-executive director and chair of the audit committee at Eutelsat; non-executive director at Lectra
France 31 December 2023
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 2023
Vinod Rai
Former comptroller and auditor general of India; former chairman of the UN Panel of External Auditors
India 31 December 2023
Lucrezia Reichlin
Professor of economics at London Business School; former director general of research at the European Central Bank; non-executive director of several financial companies
Italy 31 December 2023
Kenneth Robinson
Trustee of the Financial Accounting Foundation and a board member of Paylocity and Morgan Stanley
United States 31 December 2023
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 2023
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
Maria Theofilaktidis
Executive Vice-President, Chief Compliance Officer and Head of Enterprise Risk for The Bank of Nova Scotia
Canada 31 December 2025
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.

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.