29 May 2015
The Trustees of the IFRS Foundation, responsible for the governance and
oversight of the International Accounting Standards Board (IASB), have today
announced that the Monitoring Board has approved the appointment of Sheila
Fraser as Vice-Chair of the Trustees and confirmed the reappointments of three
Ms Fraser is the former Auditor General of Canada. She is a Chartered Professional Accountant, a former partner of Ernst & Young and Fellow of the Ordre des comptables agréés du Québec and of the Institute of Chartered Accountants of Ontario. She has served as a public member of the International Federation of Accountants´ International Public Sector Accounting Standards Board (IFAC-IPSASB) and sits on the independent audit advisory committee of the UN Development Programme. She is also the recipient of honorary degrees from 17 Canadian universities in recognition of her contribution to the fields of accounting, auditing and public administration.
Ms Fraser is serving her first three-year term as a Trustee of the IFRS Foundation and has responsibility for chairing the Nominating Committee. She replaces Prof Harvey Goldschmid, who passed away earlier this year, as Vice-Chair with immediate effect, serving alongside Ronald Arculli, who was appointed as Vice-Chair in December 2014.
The Trustees have also today confirmed the reappointment of Ms Fraser, Dr Abdulrahman Al-Humaid, Prof Wiseman Nkuhlu and Joji Okada for a second three-year term as Trustees, starting 1 January 2016.
Commenting on the appointments, Michel Prada, Chair of the IFRS Foundation Trustees, said:
"I am delighted that Sheila has been confirmed as a Vice-Chair of the Trustees, serving alongside Ronald Arculli, and that she has accepted to serve a second term. She is highly committed to the IFRS Foundation´s mission and values. Her broad experience, leadership skills and strategic thinking are great assets to the Trustees.
I am also very pleased that Abdulrahman, Wiseman and Joji have all accepted to serve a second term, continuing their much-appreciated contributions to the Trustees´ work. "
Kirstina Reitan, Head of Communications, IFRS Foundation
Telephone: +44 (0) 20 7246 6960