Global Standards for the world economy

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IASB meeting summaries and observer notes

 IASB November 2007


The Board discussed three possible approaches for finalising the IFRS 2 amendment Vesting Conditions and Cancellations in the light of issues that have arisen since the IFRS was issued. The three possible approaches are:

  • to finalise the proposed amendment with no further work on the other issues
  • to finalise the proposed amendment and add a separate new project to the Board’s agenda to consider the other issues
  • to defer finalising the amendment and add a new project to the Board agenda to consider all the issues, including vesting conditions and cancellations, as part of a single project.

The Board acknowledged that a review of the IFRS could deal with the other issues as individual amendments or interpretations. Therefore, the Board directed the staff to set up a small research group of staff and Board advisers to examine critical IFRS 2 issues, potential convergence between IFRS 2 and SFAS 123(R), and possible options for improving and simplifying the IFRS.

If the research group concludes that there is a need for the Board to add a project to its agenda, the staff will bring an agenda proposal to the Board in June/July 2008.

The amendment Vesting Conditions and Cancellations is expected to be issued in the first quarter of 2008.

Date: 11/13/2007