The Trustees of the IFRS Foundation published a summary of the conclusions of their meeting in London on 30 and 31 March 2011.
The conclusions were presented in these sections: Search for a new Chair of the Trustees, Strategy review, Financing of the organisation, Due process oversight, Report of the Chairman of the IASB, Approval of Education initiative, and Future meetings.
The Trustees discussed the ongoing review of the strategy of the IFRS Foundation following the publication of a consultation document in November 2010. The comment period closed on 24 February 2011 with 94 comment letters received. Public round-table discussions with interested parties were also held in Asia, Europe and North America.
In reviewing the feedback received, the Trustees noted a general desire to coordinate actions resulting from the Trustees’ strategy review with the ongoing governance review being carried out by the IFRS Foundation Monitoring Board.
The Trustees have published a summary of their initial conclusions on the strategy review for public comment during a 90-day comment period, with a view to concluding the review process in the third quarter of 2011. The Trustees will hold round table discussions on the strategy review as follows:
- 7 June 2011, Tokyo
- 8 June 2011, Hong Kong
- 13 June 2011, New York
- 21-22 June 2011, London.
Details of how to register for the round table discussions will be published shortly.
Press release
© IASB - International Accounting Standards Board
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