Summary of IFRS Foundation Trustees meeting on 20 September 2021 published
07 October 2021
The IFRS Foundation Trustees met by video conference on 20 September 2021, in which they discussed the work to establish the proposed International Sustainability Standards Board (ISSB).
The Trustees received a briefing on the work of the Technical Readiness Working Group (TRWG), specifically on planning for the appropriate transfer of technical expertise, content and resources to the proposed ISSB and TRWG’s preparatory work to provide the proposed ISSB with a ‘running start’.
The Trustees also reviewed progress in achieving a sufficient level of global support from public authorities, global regulators and market stakeholders in key markets.
The Trustees were briefed on the feedback in the comment letters on the proposed targeted amendments to the IFRS Foundation Constitution. The Trustees had an initial discussion about some of the possible refinements that might be made to the proposals in the light of the feedback.
The next meeting of the Trustees is scheduled to be held in the week commencing 18 October 2021, in which the Trustees will make a final determination about establishing the new board.