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Responsible for our governance and oversight, the IFRS Foundation Trustees have shaped and strategically evolved our organisation, enabling us to fulfil our mission and purpose.
The 22 Trustees are appointed from varied countries and professional backgrounds, for a renewable three-year term. They are responsible for:
- overseeing our governance and organisational strategy;
- overseeing the due process;
- maintaining our Constitution and Due Process Handbook;
- appointing members to the International Accounting Standards Board, International Sustainability Standards Board, IFRS Interpretations Committee and various advisory bodies; and
- securing our funding.
Much of the Trustees’ work is carried out via committees. The Trustees are not involved in any technical matters relating to IFRS Standards; this responsibility rests solely with the boards.
The Trustees are accountable to the Monitoring Board, a body of publicly accountable market authorities. Trustee appointments and reappointments are approved by the Monitoring Board.
Erkki Liikanen has served as Chair of the IFRS Foundation Trustees since 1 October 2018. (See all Trustees, their terms and their professional biographies.)
Refer to the IFRS Foundation’s Constitution to learn more about the requirements for the Trustees’ composition—including geographical allocation, terms, responsibilities, remuneration and voting requirements.
Much of the Trustees’ work is organisational in nature. When their work involves public consultation—for example, reviews—a project is listed in their work plan.
