IASCF proposals for a monitoring group, enlarged IASB
11 Feb 2008
In November 2007, the Trustees of the IASC Foundation (IASCF), under which the IASB operates, announced proposals to enhance the organisation's governance arrangements and reinforce the organisation's public accountability (see our News Story of 7 Nov 2007).
Those proposals included creation of a 'monitoring group' of representatives of official organisations, including securities regulators, that would approve Trustee appointments and review Trustee oversight activities, including the adequacy of the annual funding arrangements as well as the overall budget. The monitoring group proposal was jointly Endorsed by IOSCO, SEC, EC, and FSAJ. Subsequently, the trustees began a series of consultations with key stakeholders on those proposals in the build up to the Constitution Review, which is scheduled to start later this year. At their meeting on 29-30 January 2008, the Trustees reached the following further conclusions regarding the Constitution Review (click for Press Release (PDF 67k)):
We have created a New Page for the 2008 Constitution Review. Until completion of the review we will have a link to this page under 'IASB Structure' in the right column of this home page.
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