Grim Reaper stalks IASB halls
Having received our final warning at work for wasting company money ringing chatlines, TS decided to do something constructive with the phone last week and spent a few hours listening in on the trustee meeting of the ISAC Foundation. And boy, what a time those trustees had, even making jokes about their own mortality.
Ruminating on whether a change was needed to ensure a chairman could not remain a trustee for 12 years, twice as long as the standard maximum, incumbent Paul Volcker declared the discussion irrelevant. The reason? Given the age of those thought to have the required gravitas for the role, no one would last that long!
