The Trustees of the IFRS Foundation, who are responsible for the governance and oversight of the International Accounting Standards Board (the Board), have announced that four existing Board members have been reappointed to serve a second term.
Martin Edelmann, Gary Kabureck, Chungwoo Suh and Mary Tokar have all been reappointed to serve a second term on the Board. Their new terms commence 1 July 2017.
The IFRS Foundation Constitution sets out the terms and conditions for Board members’ appointments and states that Board members can serve only two terms, lasting no longer than 10 years in total.
Michel Prada, Chair of the Trustees, said:
I am grateful that Martin, Gary, Chungwoo and Mary will continue serving the International Accounting Standards Board.
In addition to the four reappointments, Darrel Scott’s term has been extended by a further two years until 30 September 2020, bringing his tenure to the maximum 10 years.