Developments at the FASB and the SEC
16 Nov 2016
FASB Chairman Russell Golden has been reappointed for a second term. SEC Chair Mary Jo White will step down.
The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the reappointment of Russell G. Golden as Chairman of the Financial Accounting Standards Board (FASB). The Trustees have also announced the appointments of Marsha L. Hunt and Harold L. Monk Jr. as new board members of the FASB. Russell Golden began his term as the seventh chairman of the FASB in 2013. His first term as chairman extends to 30 June 2017, and his second and final term will conclude on 30 June 2020. Please click for the press release on the FASB website.
At the US Securities and Exchange Commission (SEC), Chair Mary Jo White has announced that she plans to leave the SEC at the end of the Obama Administration. Mary Jo White, who became the 31st Chair of the SEC in April 2013, has been one of the SEC’s longest serving Chairs. For more information, see the press release on the SEC website.