IFRS foundation trustees have outlined plans to find a
replacement chair following the sudden death of Tommaso
Padoa-Schioppa last month.

The IFRS foundation
Aki) Fujinuma and Robert Glauber will jointly chair the
trusties meeting in Tokyo next month where an operationally
effective interim leadership will be named.

The IFRS foundation monitoring board is one of
the bodies to lead the search for a new chair and give
recommendations to the IFRS foundation trustees as well as approve
the selection of the chair.

Timeline for work will not change in spite of
the changes to the leadership of the IFRS foundation.

The IFRS foundation is the oversight body of
the International Accounting Standards Board.