The International Financial Reporting Standards Foundation Trustees used their first plenary meeting of 2026 to focus on three priorities for the Foundation and its standard-setting boards: sustainable funding, succession planning, and development of the Foundation’s mid-to-long-term strategy. On funding, the Trustees reaffirmed the need for a diversified and sustainable model to support both the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB), with separate funding for each board and contributions from those using IFRS Standards. For the IASB, work will continue with jurisdictions on inflation-adjusted contributions and broadening the contributor base to all jurisdictions using IFRS Accounting Standards. For the ISSB, the priority is transition funding to bridge between seed funding, some of which runs until the end of 2026, and a more sustainable model. Succession discussions covered progress to appoint a new IASB Chair to succeed Andreas Barckow when his term ends on 30 June 2026 and a new Managing Director to succeed Michel Madelain when his term ends later in 2026, as part of a planned transition. Strategy discussions considered how to position the Foundation for the future, including its long-term operating model, informed by advisory body feedback and stakeholder engagement. Next steps include publication later in March of the Foundation’s annual report and audited financial statements for the year ended 31 December 2025. The Trustees also flagged that a revised Due Process Handbook is due to be published in 2026.
International Financial Reporting Standards Foundation 2026-03-17
International Financial Reporting Standards Foundation Trustees reaffirm diversified funding model and advance succession planning alongside long-term strategy work
At their first 2026 plenary meeting, the International Financial Reporting Standards Foundation Trustees prioritized sustainable funding, succession planning, and strategic development. They emphasized diversified funding models for the International Accounting Standards Board and the International Sustainability Standards Board, and discussed succession plans for key leadership roles. Strategy discussions focused on the Foundation's long-term operating model, with upcoming publications including the annual report and a revised Due Process Handbook.