ACCOUNTING
| Conclusions of the February 2011 Trustees’ meeting Thu, 03 Mar 2011 09:28:35 GMT |
| The February 2011 Trustees' meeting was held on 10 and 11 February in Tokyo, Japan. IFRS Foundation to open an Asia-Oceania liaison office in Tokyo during 2012 The Trustees announced that the IFRS Foundation will open an office in Tokyo for enhanced liaison in the Asia-Oceania region. The office is expected to open in the second half of 2012. While the IASB technical staff will remain based in London, the establishment of the Tokyo office will expand opportunities for direct contact between the IFRS Foundation and its stakeholders in the region. The IFRS Foundation anticipates that Foundation and IASB resources will be deployed in Tokyo to assist in ongoing consultations and to provide assistance to those countries using or planning to adopt IFRSs. The press release announcing the office is available to view by clicking here. Trustee Vice-Chairs to remain as acting co-Chairs while search process for new Chair of the Trustees proceeds The Trustees confirmed that Tsuguoki (Aki) Fujinuma and Robert Glauber, Vice-Chairs of the Trustees, would continue to serve as acting co-Chairs of the Trustees in the absence of a permanent Chair. This arrangement will remain in place until a permanent successor is identified to serve as Chair of the Trustees following the sudden and tragic death of Tommaso Padoa-Schioppa in December 2010. The arrangements are consistent with the requirements of the Constitution of the IFRS Foundation. With the agreement of the IFRS Foundation Monitoring Board, the Trustees have begun the search process for a new Chair of the Trustees. They are committed to completing this process as quickly as reasonably possible. Further details on the search process will be published shortly. Reappointment of Chair and Vice-Chairs of the IFRS Advisory Council The Trustees have reappointed Paul Cherry to serve a second, two-year term, as Chair of the IFRS Advisory Council. The Trustees have also reappointed Charles Macek and Patrice Marteau as Vice-Chairs of the Advisory Council, to serve second terms of three and one years respectively. The Trustees have sought to provide greater continuity in leadership of the Advisory Council by staggering the duration of the Chair and Vice-Chairs’ second terms. |
Online Poll