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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.

Public accountability

Monitoring Board

A group of capital market authorities with corporate reporting responsibility that reinforces the public oversight of the Foundation and Trustees

Governance

IFRS Foundation Trustees

Responsible for governance and organisational strategy; maintaining the Constitution and Due Process Handbook; appointing members to the IASB, ISSB, IFRS Interpretations Committee and various advisory bodies; and funding

Independent standard-setting

International Accounting Standards Board

The independent accounting standard-setting body of the IFRS Foundation

International Sustainability Standards Board

The independent sustainability disclosure standard-setting body of the IFRS Foundation