Accounting Standards Committee (IASC) foundation has appointed three
trustees, marking the completion of an international search and and carrying the
support of the Trustee Appointments Advisory Group.
The three trustees are Robert Glauber, retired chairman and chief executive
officer of NASD, the private sector regulator of the US securities market, and
former under secretary of the US treasury for finance; Pedro Malan, former
Brazilian finance minister and central bank of Brazil president, currently
Unibanco chairman; and Luigi Spaventa, former chairman of the Commissione
Nazionale per le Società e la Borsa (Consob) and former Italian budget minister.
Gerrit Zalm, chairman of the trustees, said the trustees were playing an
important role in encouraging the adoption of International Financial Reporting
Standards and ensuring the public accountability of the organisation.
The new trustees will fill the vacancies created by the retirement of William
McDonough of the US, Roberto Teixeira da Costa of Brazil and Kees Storm of the
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