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Summary of the January 2012 Trustees' meeting

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Jan 30, 2012

The Trustees of the IFRS Foundation have announced the conclusions of their meeting in Singapore on 12 January 2012.

The Trustees discussed progress toward global adoption of IFRSs. They also received a report on the Due Process Oversight Committee (DPOC) that reviewed due process and post-implementation review methodology. The Trustees' Nominating Committee and the Monitoring Board approved several nominations and reappointments to the Trustees. Hans Hoogervorst, chairman of the IASB, gave the Trustees a detailed report on the work of the IASB since the last meeting in October 2011. The Trustees’ Executive Committee discussed the finalization of the strategy review.

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