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The IFRS Interpretations Committee meets in public and follows procedures similar to the IASB�s general policy for its Board meetings. At such meetings the Interpretations Committee debates both matters that are on its agenda and items proposed to be added to its agenda.
Interpretations Committee members and appointed observers are expected to attend meetings in person. However, meetings may be held using teleconference or any other communication facilities that permit simultaneous communication among all members and appointed observers, and allow public observers to hear all participants.
Ten voting members of the Interpretations Committee present in person or by telecommunications constitute a quorum.
Voting
Each Interpretations Committee voting member has one vote. Members vote in accordance with their own independent views, not as representatives voting according to the views of any firm, organisation or constituency with which they may be associated. Proxy voting is not permitted.
The Chairman may invite others to attend meetings of the Interpretations Committee as advisers when specialised input is required. A member or an appointed observer may also, with the prior consent of the Chairman, bring to a meeting an adviser who has specialised knowledge of a topic to be discussed. Such invited advisers will have the right to speak.
The Interpretations Committee may conduct business electronically or by mail between meetings, for example to confirm drafting of a proposed draft or final Interpretation or for the IASB staff to obtain information on a proposed topic so that it can be developed appropriately for public discussion.
All technical decisions, however, are made in meetings that are open for public observation.
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