European Parliament adopts report on IASB and IASCF
25 Apr 2008
By vote of 373 in favour to 21 against with 13 abstentions, The European Parliament has adopted a report calling for improvements to the governance of the IASB and the IASCF "to address concerns that they may lack transparency and accountability since they are not under the control of any democratically elected parliament or government".
The IASCF Monitoring Group would be responsible for approving all Trustees. Consultation international organisations would be required. It is likely that the proposed Monitoring Group would be composed of:
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- Committee on Economic and Monetary Affairs Report (PDF 177k)
- Resolution as Adopted by Parliament (PDF 113k)
- Parliament Press Release (PDF 13k)