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13 May 2010

IASB: Trustees publish report on the Second Part of the Constitution Review


The Trustees of the IASC Foundation have published a report on the changes to the Foundation's Constitution made as a result of the second part of their 2008-2010 Constitution review. The report also describes how the Trustees responded to the comments received during their extensive consultations.

The Trustees of the IASC Foundation have published a report on the changes to the Foundation's Constitution made as a result of the second part of their 2008-2010 Constitution review. The report also describes how the Trustees responded to the comments received during their extensive consultations.

 

At their meeting in Rio de Janeiro in January 2010, the Trustees completed the second part of their five-yearly review of the Constitution. Both parts of the review were aimed at enhancing public accountability, stakeholder engagement and operational effectiveness. The changes resulting from the review established, for the first time, a formal public accountability link to public capital market authorities and enhanced the governance arrangements to address other issues raised by stakeholders.

 

This report explains the governance enhancements made in the second part of the review and the process by which the Trustees reached their conclusions. This report also comments on the advice received in the global consultation undertaken by the Trustees.

 

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