IASCF plans round-tables for Constitution Review Part Two

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22 Jun 2009

The Trustees of the IASC Foundation have today announced the following dates for public round-table discussions relating to the second part of the 2009 Constitution Review: London, 9 September 2009; New York, 6 October 2009; Tokyo, 21 October 2009. The purpose of the round-table discussions is to provide another way, in addition to the formal comment processes, to seek a range of views from interested parties about possible changes to the IASC Foundation's Constitution.

The IASC Foundation will post the relevant discussion document at a later date. Part One of the constitution review, concluded in January 2009, resulted in formation of an IASCF Monitoring Board and expansion of the IASB from 14 to 16 members. Issues being addressed in Part Two of the review include:
  • 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 Board adopted 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


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