Trustees Reappoint Three IASB Members
The Trustees of the IFRS Foundation has announced the reappointment of three current IASB members. Stephen Cooper (Great Britain) and Wei-Guo Zhang (China) have been appointed for a second five-year term. Their office terms now end on 1 August and 30 June 2017 respectively. Paul Pacter (United States) had initially indicated to the board that he wanted to be available for only one two-years term. He has agreed to a re-appointment of six additional months to allow sufficient time for the appointment of a successor. His term now ends on 31 December 2012.
The Trustees are continuing their search for three additional members to fill the existing or soon-arising vacancies. Elke Konig stepped down in December 2011 and John Smith will be stepping down in June 2012 after serving the maximum two, five-year terms. Also, a new Board position will be available in July 2012 as the IASB expands its membership to 16.
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