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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
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The Trustees of the IFRS Foundation have appointed Zach Gast as a member of the International Accounting Standards Board (Board), effective 1 August 2020.
Mr Gast, from Maryland, USA, has more than 20 years of investment experience. He joins the Board for an initial term of five years from the Center for Financial Research and Analysis (CFRA)—a provider of independent investment research—where he serves as president, directing the organisation’s forensic accounting and equity research strategy.
Before joining the CFRA, he served as a senior vice-president at Paulson & Co investment managers from 2009 to 2013 and as the sector lead for financial sector equity analysis at the CFRA from 2005 to 2009.
Mr Gast has also served as a member of the Financial Accounting Standards Board’s (FASB) Financial Accounting Standards Advisory Council since 2018. He has an MBA from Georgetown University.
Erkki Liikanen, Chair of the Trustees, said:
I am pleased to welcome Zach to the Board. His appointment bolsters the investor experience among the Board members.
Hans Hoogervorst, Chair of the Board, said:
Zach has a wealth of investment experience and I look forward to the unique perspective he’ll bring to the Board table.
Zach Gast said:
I’m honoured to join the Board and look forward to working with the other Board members and the staff in achieving the important mission of bringing transparency, efficiency and accountability to the world’s capital markets.
The Board comprises members from varied professional and geographical backgrounds. Mr Gast will fill one of the Americas seats when Gary Kabureck steps down at the end of his second term on 30 June.
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