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Separation of the role of chairman of the IASB and chief executive officer of the IFRS Foundation reflected in new Constitution

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Jul 25, 2012

The Trustees of the IFRS Foundation have published a drafting review of the IFRS Foundation Constitution. The document reflects changes to the Constitution regarding the separation of the role of chairman of the IASB and the chief executive officer of the IFRS Foundation.

The changes are one of the results of the Monitoring Boards governance review 2010–2011. Some changes have already been implemented by appointing Yael Almog as Executive Director of the IFRS Foundation earlier this year.

The Trustees have announced that further changes to the IFRS Foundation Constitution may be considered in the future; however, they felt that the reality of this change should be reflected in the Constitution as soon as possible.

Comments on the drafting review are requested by October 23, 2012.

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