The Trustees of the IFRS Foundation are members of subcommittees which undertake a range of roles. These roles make up the responsibilities of the Trustees.
Approves the budget of the IFRS Foundation, and is responsible for fundraising. Assists the Trustees in reviewing the financial reporting process, the system of internal control, the audit process, and the organisation's mechanism for monitoring compliance with the laws and regulations in the jurisdictions in which it operates.
Oversees the IFRS Foundation’s ongoing investment and implementation of Digital and Technology strategies.
Reviews Trustee performance against measures of effectiveness. Reviews the composition of advisory groups of the Board to ensure balance of views and expertise put forward by the Board. Reviews proposed procedures for its due process on new projects. Find out more about the DPOC.
Oversight of the IFRS Foundation’s policies aimed at promoting ethical behaviour and managing conflicts of interest, and compliance with those policies by International Accounting Standards Board members, Trustees and staff.
Can act between Trustees' meetings when a policy (generally for financial and legal matters) exists, other than making decisions on membership of the Board and of the Trustees, but it cannot create new policy.
Reviews and recommends proposals on human capital issues.
Makes recommendations to the Trustees regarding nomination procedures. Makes recommendations to the Trustees on candidates for the Trustees, International Accounting Standards Board (the Board), IFRS Advisory Council and IFRS Interpretations Committee. Reviews the performance of Board members annually. Find out more about the appointment process.