The IFRS Foundation Trustees has published a call for nominations for the chair and vice-chair roles of a proposed new International Sustainability Standards Board (ISSB) within the existing governance structure of the foundation.
The call for nominations represents the latest step in the trustees’ ongoing plans to prepare for the possible establishment of the new board in advance of the November 2021 United Nations COP26 climate conference.
The trustees are currently consulting on proposed amendments to the Foundation’s Constitution, setting out the institutional arrangements for the ISSB.
According to the proposed amendments, the chair and vice-chair will be full-time positions on a 14-member board. The geographic location of the new board is yet to be determined by the trustees, however.
The establishment of a potential new board and subsequent appointments are subject to the outcome of the consultation and the trustees’ assessment that the criteria for the new ISSB have been met.
The closing date for nominations is 30 June 2021, and the recruitment process will be guided by an executive search firm appointed by the trustees.