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.
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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: December 2014
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Tsuguoki (Aki) Fujinuma, Vice-Chair
Immediate Past Chairman and President, Japanese Institute of Certified Public Accountants (Japan)
Term expires: December 2013
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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
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Ronald Arculli
Independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited (operators of the Hong Kong Stock Exchange) and Former Chairman of the World Federation of Exchanges, the international association of stock exchanges (Hong Kong)
Term expires: December 2014
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Chandrashekhar Bhaskar Bhave (C. B. Bhave)
Former Chairman of the Securities and Exchange Board of India (SEBI) (India)
Term expires: December 2014
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Clemens Börsig
Former Chairman of the Supervisory Board, former Member of the Management Board of Deutsche Bank AG
Term expires: December 2014
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Duck-Koo Chung
Former Minister of Commerce, Industry and Energy for the Republic of Korea (Republic of Korea)
Term expires: December 2013
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Scott Evans
Former Executive Vice President, Asset Management and Chief Executive Officer of the TIAA - CREF Investment Management LLC (United States)
Term expires: December 2014
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Sheila Fraser
Member of the International Public Sector Accounting Standards Board (IPSASB); former Auditor General of Canada; former Chair of the Canadian Public Sector Accounting Board (Canada)
Term expires: December 2015
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Harvey Goldschmid
Dwight Professor of Law, Columbia University; former Commissioner of the US Securities and Exchange Commission (United States)
Term expires: December 2015
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Dr Abdulrahman Al-Humaid
Chairman of the Committee for Adopting International Accounting Standards of the Saudi Organization of Certified Public Accountants (SOCPA); former Chairman of the Saudi Accounting Standards Committee; member of the Board of various companies listed on the Saudi exchange
Term expires: December 2015
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Yong Li
President of the Chinese Institute of Certified Public Accountants, Vice Minister to the Ministry of Finance (People's Republic of China)
Term expires: December 2014
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Jeffrey Lucy
Former 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
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Pedro Malan
Chairman, Unibanco; former Finance Minister of Brazil; former President, Central Bank of Brazil (Brazil)
Term expires: December 2013
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Sir Callum McCarthy
Former Chairman of the Financial Services Authority (FSA), Non-executive director of Industrial and Commercial Bank of China, IntercontinentalExchange and the UK HM Treasury (UK)
Term expires: December 2014
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Heidi Miller
Former President of International Operations and Strategy at JPMorgan Chase & Company; former Chief Executive Officer of the Treasury and Securities Services Unit of JPMorgan; former Chief Financial Officer for several financial institutions, including Bank One, Citigroup and Travellers Group (United States)
Term expires: December 2015
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Wiseman Nkuhlu
Former Economic Adviser to former South African President Thabo Mbeki; the first Chairman of the Steering Committee and Chief Executive of the Secretariat of the New Partnership for Africa’s Development (NEPAD); former President of the South African Institute of Chartered Accountants; former Chairman of the South African Council of Higher Education; former President of the International Organization of Employers. Chancellor of the University of Pretoria.
Term expires: December 2015
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Marco Onado
Senior Professor of Financial Institutions at the Bocconi University, Milan, Italy, Chairman of Pioneer Global Asset Management (Italy)
Term expires: December 2014
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James (Jim) Quigley
Senior Partner of the US member firm Deloitte LLP and former Global Chief Executive Officer of Deloitte Touche Tohmatsu Limited (USA)
Term expires: December 2014
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Dick Sluimers
Chief Executive Officer of APG Group (Netherlands)
Term expires: December 2013
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Antonio Zoido
Chairman of the Board and Chief Executive Officer of Bolsas y Mercados Españoles (BME) (Spain)
Term expires: December 2013
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