IFRS Foundation Trustees hold June 2015 meeting
08 Jul 2015
The IFRS Foundation trustees met in London on 18–19 June 2015.
Meeting activities included the following:
- Executive session — The trustees and IFRS Foundation Monitoring Board were updated on (1) governance developments, (2) due-process activities, (3) the IFRS Foundation’s financial situation, and (4) the IASB’s technical activities and mission statement. In addition, the trustees discussed significant international developments concerning use of IFRSs in Europe, the Americas, Asia-Oceania, Africa, and the Middle East. Further, the trustees were updated on the (1) progress of the IFRS Foundation’s review of its structure and effectiveness and (2) nominations of new ASAF members.
- IASB chairman’s report — IASB Chairman Hans Hoogervorst gave an update on the IASB’s progress on its conceptual framework, leases, disclosure initiative, and insurance projects.
- Report of the Due Process Oversight Committee (DPOC) — Jim Quigley led a discussion about the DPOC’s June 2015 meeting. For more information, see our related news item.
- Tommaso Padoa-Schioppa lecture — The IFRS Foundation jointly hosted an event with the European University Institute to discuss “systemic drivers of the 2008 financial crisis” and proposed reforms.
The full report on the IFRS Foundation trustees’ meeting is available on the IASB’s website.