International Financial Reporting Standards Foundation nears leadership appointments and plans summer consultation on board size changes

The International Financial Reporting Standards Foundation published an update from its trustees’ meeting in Montreal outlining progress on leadership succession, funding and governance. Selection processes for the next managing director and the next chair of the International Accounting Standards Board are in their final stages, with appointments to be announced soon. During the transition after Andreas Barckow’s term ends on 30 June 2026, IASB Vice-Chair Linda Mezon-Hutter will serve as acting chair until the new chair is in place. On funding, the trustees reviewed delivery of the Foundation’s strategy, including efforts to update and broaden jurisdictional funding for the IASB, renew or replace seed funding for the International Sustainability Standards Board and develop additional income to support ISSB activities. On governance, they are preparing targeted constitutional amendments following the 2025 decision to reduce the size of the IASB and ISSB, with proposals due for public consultation later in the summer, while also advancing a five-year strategic, financial and operational plan under the Foundation’s transformation programme. The trustees also reviewed regulatory developments, noting continued reliance on IFRS Accounting Standards and a rising number of jurisdictions moving toward adoption or other use of ISSB standards. Their discussions will continue virtually in July.