The document addresses constitutional issues that were not covered in the first part of the review. Some of the issues on which the IASCF seeks comment are:

• whether the section of the constitution dealing with governance of the Foundation, which now mentions only the IASCF, should also refer to the new monitoring group proposed under part 1 of the Constitution Review
• geographical mix of Trustees
• effectiveness of Trustee oversight activities
• funding arrangements
• the IASB's agenda-setting procedures
• the IASB's existing due process procedures
• the possible need for 'fast track' due process procedures
• principles-based approach to standards
• whether the IASB should set standards for not-for-profit entities and the public sector
• procedures and composition of the Standards Advisory Council

Comments are due by 31 March 2009. The Trustees expect then to continue their consultations in a series of round-table meetings to encourage further debate and comment from stakeholders around the world. The Trustees plan to conclude the second part of the review at their meeting in October 2009. The amendments to the Constitution would take effect on or after 1 January 2010. Click for:

• Press release (PDF 47k).
• Download the Consultation Document (PDF 895k) from the IASB website.