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IFRS Foundation trustees hold June 2015 meeting

  • IFRS Trustees meeting (blue) Image

Jul 08, 2015

The IFRS Foundation trustees met in London on June 18–19, 2015.

Meeting ac­tiv­i­ties in­cluded the fol­low­ing:

  • Ex­ec­u­tive session — The trustees and IFRS Foundation Monitoring Board were updated on (1) governance developments, (2) due-process activities, (3) the IFRS Foundation’s financial situation, and (4) the IASB’s technical activities and mission statement. In addition, the trustees discussed significant international developments concerning use of IFRSs in Europe, the Americas, Asia-Oceania, Africa, and the Middle East. Further, the trustees were updated on the (1) progress of the IFRS Foundation’s review of its structure and effectiveness and (2) nominations of new ASAF members.
  • IASB chair­man’s report — IASB Chairman Hans Hoogervorst gave an update on the IASB’s progress on its conceptual framework, leases, disclosure initiative, and insurance projects.
  • Report of the Due Process Over­sight Com­mit­tee (DPOC) — Jim Quigley led a discussion about the DPOC’s June 2015 meeting. For more in­for­ma­tion, see our related news item.
  • Tommaso Padoa-Schioppa lecture — The IFRS Foundation jointly hosted an event with the European University Institute to discuss “systemic drivers of the 2008 financial crisis” and proposed reforms.

The full report on the IFRS Foun­da­tion trustees’ meeting is avail­able on the IASB’s Web site.

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