The IFRS Foundation's three-tier structure
The IFRS Foundation has a three-tier governance structure that strengthens our ability to carry out our mission:
- two independent standard-setting boards of experts—the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB)—which are responsible for setting high-quality IFRS Standards through our robust and inclusive due process;
- Trustees from around the world who set our organisational strategy, govern our work and oversee our boards; and
- a monitoring board of public authorities which enhances our public accountability and oversees the work of our Trustees.
Managing Director Michel Madelain leads the IFRS Foundation’s strategic planning, governance, funding and expenditure activities and day-to-day operations. He also supports the work of the Trustees and both boards.
Our advisory bodies and consultative groups provide advice and feedback to the Trustees and boards.
