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July 24, 2012

IFRS Foundation reviews its constitution

The IFRS Foundation has issued a draft constitution, which includes the separation of the role of chairman of the International Accounting Standards Board (IASB) and chief executive officer of the IFRS Foundation.

The change is in line with the conclusions of the Monitoring Board Governance Review and the separation has already been implemented following an internal structural reorganisation at the end of 2011.

The chairman of the IASB no longer serves as chief executive of the IFRS Foundation as this responsibility has been included in a role of executive director currently held by Yael Almog.

The draft constitution is open for comment until 23 October.

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