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).

Tommaso Padoa-Schioppa, Chairman 
President of Notre Europe and Chairman of Promontory Europe (Italy)

Term expires: July 2013

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

Term expires: December 2010

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 2011

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

Term expires: December 2011

Yves-Thibault de Silguy
Chairman of the Board, Vinci; former member of the European Commission (France)

Term expires: December 2012

Marvin Cheung
Retired Chairman of KPMG Hong Kong SAR (People’s Republic of China)

Term expires: December 2011

Samuel A DiPiazza, Jr
Former CEO, PricewaterhouseCoopers (United States)

Term expires: December 2011

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

Term expires: December 2011

Oscar Fanjul
Vice Chairman, Omega Capital; former Chairman. Founder and CEO, Repsol, SA (Spain)

Term expires: December 2010

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

Term expires: December 2012

Liu Zhongli
President, Chinese Institute of Certified Public Accountants; former Minister, Ministry of Finance (People’s Republic of China)

Term expires: December 2011

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 2010

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

Term expires: December 2010

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

Term expires: December 2011

T. V. Mohandas Pai
Director and Member of the Board, InfosysTechnologies Limited., and Chairman, Infosys BPO Limited (India)

Term expires: December 2011

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

Term expires: December 2011

David Sidwell
Former Chief Financial Officer, Morgan Stanley; Director, MSCI Inc., Director, UBS (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 Vegezzi
Former President and Director, Capital International (Switzerland)

Term expires: December 2010