IASCF Trustees will hold round-table on constitution proposals

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13 May 2008

The IASC Foundation Trustees have announced that they are going to hold a public round-table discussion in advance of issuing their proposals on Phase 1 of the IASCF 2008 Constitution Review.

Phase 1 is addressing whether to:
  • Create a 'monitoring group' of representatives of official organisations, including securities regulators, that would approve Trustee appointments and review Trustee oversight activities
  • Expand the IASB to 16 members from the present 14, and provide for geographical balance
Details of the public round-table have not yet been announced. In announcing the round-table, the Trustees released an updated timeline for the Constitution Review (the previous timeline is Here):

Updated Timeline for the 2008 Constitution Review

March-April 2008

Trustees developed proposals and document for the Constitutional Review.

May-June 2008

Trustees to meet interested parties to discuss proposals before publication of document on the first part.

June 2008

Publication of proposals on public accountability and IASB size/geographical diversity – the first part of the Constitution Review. Comment period to end in August or September 2008.

June 2008-August 2008

Trustees to continue to meet interested parties to discuss proposals on the first part.

September 2008

Constitution Committee to develop proposals to present to full Trustees, based upon analysis of comment letters and other input on the proposals in the first part.

October 2008

Trustees to conclude the first part of the Constitution Review at Beijing meeting. Changes to take effect for 1 January 2009.

October or November 2008

Trustees to publish a discussion document seeking views on other issues to be incorporated as part of the Constitution Review – the second part of the Constitution Review.

October 2008-January 2009

Trustees to meet interested parties to discuss the second part of the Constitution Review.

February 2009

Trustees to develop list of issues and the Constitution Committee to develop proposals.

April 2009

Trustees to publish other constitutional proposals on issues identified.

April 2009-October 2009

Trustees to hold a series of meetings, possibly including public round tables, on proposals.

October-November 2009

Conclusion of the Constitution Review.

Click to view the IASC Foundation Trustee press release (PDF 55k).

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