The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have today published a revised version of the IFRS Foundation Constitution.
The revisions to the Constitution were approved by the Trustees at their meeting in January 2013, following a public consultation of a drafting review proposing changes to the Constitution to reflect the separation of the role of Chairman of the IASB and Chief Executive Officer of the IFRS Foundation. This change is in line with the conclusions of the Monitoring Board Governance Review, which was published in February 2012.
This separation has already been implemented following an internal structural reorganisation at the end of 2011. The Chair of the IASB no longer serves as CEO of the IFRS Foundation. Instead, this responsibility has been included in a new role of Executive Director. Yael Almog was appointed to this role in the first quarter of 2012.
The revised Constitution is available on the Constitution page of the IFRS Foundation website.