Trustees

The Trustees promote the work of the International Accounting Standards Board (IASB) and the rigorous application of IFRSs but are not involved in any technical matters relating to the standards. This responsibility rests solely with the IASB.

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. To read the press release on this appointment, please click here.

More details on the process undertaken in selecting a new Chairman are available by clicking here.

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: January 2015

Tsuguoki (Aki) Fujinuma, Vice-Chair
Immediate Past Chairman and President, Japanese Institute of Certified Public Accountants (Japan)

Term expires: December 2013

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

Photo will be added when available.

Chandrashekhar Bhaskar Bhave (C. B. Bhave)
Former Chairman of the Securities and Exchange Board of India (SEBI) (India)

Term expires: December 2014

Clemens Börsig
Chairman of the Supervisory Board, Deutsche Bank AG (Germany)

Term expires: December 2014

Duck-Koo Chung
Former Minister of Commerce, Industry and Energy for the Republic of Korea (Republic of Korea)

Term expires: December 2013

Yves-Thibault de Silguy
Vice Chairman and Lead Director, Vinci; former member of the European Commission (France)

Term expires: December 2012

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

Term expires: December 2014

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

Term expires: December 2012

Yong Li

President of the Chinese Institute of Certified Public Accountants, Vice Minister to the Ministry of Finance (People’s Republic of China)

Jeffrey Lucy
Chairman, Financial Reporting Council (Australia); former Chairman, Australian Securities and Investments Commission; former Chairman, International Forum of Independent Audit Regulators (IFIAR)

Term expires: December 2013

Pedro Malan
Chairman, Unibanco; former Finance Minister of Brazil; former President, Central Bank of Brazil (Brazil)

Term expires: December 2013

Sir Bryan Nicholson
Former Chairman, Financial Reporting Council (United Kingdom)

Term expires: December 2011

Marco Onado

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

Photo will be added when available.

James Quigley

Senior Partner of the US member firm Deloitte LLP and former Global Chief Executive Officer of Deloitte Touche Tohmatsu Limited (USA)

Noriaki Shimazaki
Special Adviser, former CFO and Member of the Board, Sumitomo Corporation (Japan)

Term expires: December 2014

Dick Sluimers
Chief Executive Officer of APG Group (Netherlands)

Term expires: December 2013

David Sidwell
Director, UBS, and Director, Fannie Mae (United States)

Term expires: December 2012

Paul Tellier
Former President and CEO, Bombardier and CN; former Clerk of the Privy Council and Secretary of the Cabinet (Canada)

Term expires: December 2012

Jeff van Rooyen
Chief Executive, Uranus Investment Holdings; former Vice Chairman, Executive Committee, International Organization of Securities Commissions (IOSCO); former CEO, South African Financial Services Board (South Africa)

Term expires: December 2012

Antonio Zoido

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

Term expires: December 2013