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Saturday 29 November 2014

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Trustees of the IFRS Foundation

 Trustees of the IFRS Foundation


The Trustees of the IFRS Foundation are responsible for the governance and oversight of the International Accounting Standards Board (IASB).

The Trustees are not involved in any technical matters relating to the Standards. This responsibility rests solely with the IASB.

The Trustees are accountable to the Monitoring Board, a body of publically accountable markets authorities.

Trustees are appointed for a renewable term of three years. Each Trustee is expected to have an understanding of, and be sensitive to, international issues relevant to the success of an international organisation responsible for the development of high quality global accounting standards for use in the world's capital markets and by other users.

Six of the Trustees must be selected from the Asia/Oceania region, six from Europe, six from North America, one from Africa, one from South America and two from the rest of the world (see Trustee Distribution).

Michel Prada was appointed Chairman of the IFRS Foundation Trustees, effective 1 January 2012.

 

Michel Prada, Chairman of the IFRS Foundation Trustees

Michel Prada, Chairman of the Trustees
Former Chairman of the Autorité des Marchés Financiers (AMF), former Chairman of the Executive and Technical Committees of the International Organization of Securities Commissions (IOSCO) (France)

Term expires: December 2017

Robert Glauber, Vice-Chair, IFRS Foundation Trustee 

Robert Glauber, Vice-Chair

Retired Chairman and CEO, NASD (the private sector regulator of the US securities market); former Under Secretary of the Treasury for Finance (United States)

Term expires: December 2014

Ronald Arculli, IFRS Foundation Trustee

Ronald Arculli

Independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited (operators of the Hong Kong Stock Exchange); Former Chairman of the World Federation of Exchanges, the international association of stock exchanges (Hong Kong)

Term expires: December 2017

Chandrashekhar Bhaskar Bhave (C. B. Bhave), IFRS Foundation Trustee

Chandrashekhar Bhaskar Bhave (C. B. Bhave)

Former Chairman of the Securities and Exchange Board of India (SEBI) (India)

Term expires: December 2017

Clemens Börsig, IFRS Foundation Trustee

Clemens Börsig

Former Chairman of the Supervisory Board, former Member of the Management Board of Deutsche Bank AG

Term expires: December 2014

Duck-Koo Chung, IFRS Foundation Trustee

Duck-Koo Chung

Former Minister of Commerce, Industry and Energy for the Republic of Korea (Republic of Korea)

Term expires: December 2016

Scott Evans, IFRS Foundation Trustee

Scott Evans

Former Executive Vice President, Asset Management and Chief Executive Officer of the TIAA - CREF Investment Management LLC (United States)

Term expires: December 2014

Sheila Fraser, IFRS Foundation Trustee

Sheila Fraser

Former member of the International Public Sector Accounting Standards Board (IPSASB); former Auditor General of Canada; former Chair of the Canadian Public Sector Accounting Board (Canada)

Term expires: December 2015

Harvey Goldschmid, IFRS Foundation Trustee

Harvey Goldschmid

Dwight Professor of Law, Columbia University; former Commissioner of the US Securities and Exchange Commission (United States)

Term expires: December 2015

Jin Liqun, IFRS Foundation Trustee

Jin Liqun

Secretary General of the Multilateral Interim Secretariat for Establishing Asian Infrastructure Investment Bank; Member of the foreign policy advisory committee of the Chinese Foreign Ministry; Honorary Chairman of the International Forum of Sovereign Wealth Funds; former Chairman of China International Capital Corporation Limited; former Chairman of the Supervisory Board of China Investment Corporation & Central Huijing Investment Corporation; former Vice-President of the Asian Development Bank (ADB)

Term expires: 31 December 2016

Dr Abdulrahman Al-Humaid, IFRS Foundation Trustee,

Dr Abdulrahman Al-Humaid

Chairman of the Committee for Adopting International Accounting Standards of the Saudi Organization of Certified Public Accountants (SOCPA); former Chairman of the Saudi Accounting Standards Committee; member of the Board of various companies listed on the Saudi exchange

Term expires: December 2015

Sir Callum McCarthy, IFRS Foundation Trustee

Sir Callum McCarthy

Non-executive director of Industrial and Commercial Bank of China and IntercontinentalExchange, Former Chairman of the Financial Services Authority (FSA)

Term expires: December 2017

Heidi Miller, IFRS Foundation Trustee

Heidi Miller

Former President of International Operations and Strategy at JPMorgan Chase & Company; former Chief Executive Officer of the Treasury and Securities Services Unit of JPMorgan; former Chief Financial Officer for several financial institutions, including Bank One, Citigroup and Travellers Group (United States)

Term expires: December 2015

Wiseman Nkuhlu, IFRS Foundation Trustee

Wiseman Nkuhlu

Former Economic Adviser to former South African President Thabo Mbeki; the first Chairman of the Steering Committee and Chief Executive of the Secretariat of the New Partnership for Africa’s Development (NEPAD); former President of the South African Institute of Chartered Accountants; former Chairman of the South African Council of Higher Education; former President of the International Organization of Employers; Chancellor of the University of Pretoria

Term expires: December 2015

Joji Okada, IFRS Foundation Trustee

Joji Okada 

Chief Financial Officer, Executive Vice President and Representative Director of Mitsui & Company Limited

Term expires: December 2015

Marco Onado, IFRS Foundation Trustee

Marco Onado

Senior Professor of Financial Institutions at the Bocconi University, Milan, Italy, Chairman of Pioneer Global Asset Management (Italy)

Term expires: December 2017

James (Jim) Quigley, IFRS Foundation Trustee

James (Jim) Quigley

CEO Emeritus, retired as Senior Partner from Deloitte U.S. in June 2012; from 2007 until 2011, he was CEO of Deloitte, Touche & Tohmatsu Limited (DTTL) (the global network)

Term expires: December 2017

Maria Helena Santana, IFRS Foundation Trustee

Maria Helena Santana

Former Chair and President of the Comissao de Valores Mobiliarios (CVM), the Brazilian Securities and Exchange Commission; former Executive Officer of the Brazilian stock exchange (BOVESPA); also served as Chair of IOSCO’s Executive Committee and a member of the International Integrated Reporting Council; currently on the boards of a number of Brazilian public companies as an independent director

Term expires: December 2016

Takafumi Sato, IFRS Foundation Trustee

Takafumi Sato
President of Japan Exchange Regulation; former Commissioner of the Financial Services Agency from 2007 to 2009; former member of the IFRS Foundation Monitoring Board (Japan)

Term expires: December 2017

Dick Sluimers, IFRS Foundation Trustee

Dick Sluimers

Chief Executive Officer of APG Group; former Chair and CEO of the pension fund ABP; former Director-General of the National Budget within the Dutch Finance Ministry

Term expires: December 2016

Lynn Wood, IFRS Foundation Trustee

Lynn Wood

Chairman of Good Beginnings Australia, a national children's charity; former board positions include Chairman of the  Financial Reporting Council (Australia), the External Reporting Board (NZ), the Australian Foreign Investment Review Board, Schroders Australia, HSBC Bank Australia, MS Australia and the Committee for Economic Development of Australia (CEDA)

Term expires: December 2016

Antonio Zoido, IFRS Foundation Trustee

Antonio Zoido

Chairman of the Board and Chief Executive Officer of Bolsas y Mercados Españoles (BME) (Spain)

Term expires: December 2016

 

Recently appointed

 

Alan Beller, IFRS Foundation Trustee

Alan Beller

Partner at Cleary Gottlieb Steen & Hamilton LLP; member of the Board of Directors of The Travelers Companies.

Term begins: 1 January 2015

Werner Brandt, IFRS Foundation Trustee

Werner Brandt

Chairman of the Board of the German Financial Reporting Enforcement Panel (FREP); former member of the Board of the Accounting Standards Committee of Germany (DRSC) from 2002 to 2011

Term begins: 1 January 2015

 

Related information

 

Contact

Jenny Cale
Executive Assistant
Email: jcale@ifrs.org