Trustee reviews

The Trustees are required to periodically review the IFRS Foundation’s strategy and effectiveness, including its structure.

Through these reviews, the Trustees have shaped the Foundation and significantly enhanced our governance, accountability and operational efficiency. Examples include our:

• mission—clarifying the purpose of financial reporting standards and the scope of the Foundation, and developing our strategic goals;
• governance—establishing public accountability through our Monitoring Board, confirming our three-tier governance structure and clarifying the oversight role of the Trustees;
• structure—evolving our structure to add a second independent standard-setting body to sit alongside the International Accounting Standards Board—the International Sustainability Standards Board;
• process—carrying out regular reviews and enhancements of the Foundation’s due process, including creating the Due Process Oversight Committee, and enhancing the IFRS Interpretations Committee and board processes such as agenda consultations and post-implementation reviews; and
• funding—clarifying that our funding system must maintain the independence of our standard-setting and establishing a firmer long-term basis of funding for the Foundation.
  

View available reports from past reviews in the table below. Read pages 9−10 of the Constitution to learn more about the review requirements.

See the IFRS Foundation governance work plan for open projects of the Trustees that will involve public consultation, and subscribe for strategy and governance alerts to stay updated.