BusinessPeople In BusinessZalm to keep role at IASB

Zalm to keep role at IASB

Zalm to stay on as chairman of the IASB despite his appointment as head of Fortis and ABN Amro

Gerrit Zalm

Gerrit Zalm

Gerrit Zalm, the chairman of the parent body overseeing the
International Accounting
Standards Board
, has said he will stay on as chairman despite his
appointment as head of a new bank formed from the merger of
Fortis
and ABN Amro
.

Zalm, a former deputy prime minister and finance minister for Holland, was
accused of having conflicted interests by holding a position at an international
bank while being chairman of trustees for the body setting accounting standards
for financial institutions.

Zalm told Accountancy Age he saw no conflict of interest between his
two jobs, however, because he was not directly involved in setting the
standards, only overseeing the governance of the IASB.

He said that he would stay on as chairman to see the IASC and IASB through
the current financial crisis.

‘I have thought about it because of the time constraints and I have decided
to go on with it because it is a turbulent time and continuity is now also key.
A change of chairman will be troubling for the organisation,’ Zalm said.

Related Articles

Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

5m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

5m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

6m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

7m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

7m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

9m Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

1y Stephanie Wix, Writer
Settlement reached between Margaret May and CIMA

Accounting Standards Settlement reached between Margaret May and CIMA

1y Stephanie Wix, Writer