Tweedie not ‘tempted’ to stand down

The chairman of the global accounting standard setter says he is not
‘tempted’ to stand down.

The International Accounting Standards Board Chairman Sir David Tweedie
reacted for the first time to suggestions by European finance ministers of a
term limitation for the chairmanship position.

‘You can never win in this game. If you put forward a proposal and do
nothing, it is IASB intransigence. But if you change it, people say IASB caves

‘It does not bother me – I have got used to it. I have never been tempted to
stand down. It is part of the fun,’ said Sir David in an interview with the

Sir David also defended the IASB’s stance on fair value, a valuation widely
criticised by companies both here and abroad.

Further reading:

ministers move to rein in IASB powers

yeas and nays of the monitoring group

Related reading

Fiona Westwood of Smith and Williamson.