The Trustees of the IFRS Foundation have amended the organisation’s Constitution.
The main changes are:
– a reduction in the number of Board members from 16 to 14, which is the number of members the Board has been operating with for a while;
– amendments to the geographical distribution of Board members and Trustees; and
– amendments to Board members’ and Trustees’ professional background requirements.
The updated version of the Constitution will be effective from 1 December 2016.