In 2021, The IFRS Foundation introduced a new semantic twist as it decided to establish the International Sustainability Standards Board (ISSB) as a sister standard-setter to the IASB.
They are selected as a group of experts with a mix of experience of standard-setting, preparing and using accounts, market/financial regulation and academic work as well as from diverse geographical backgrounds.
It is the IASB's interpretative body and its brief is to provide timely guidance on application issues that arise in practice.
[3] A unanimous vote is not necessary in order for the publication of a Standard, exposure draft, or final "IFRIC" Interpretation.
[4] As of March 2021, the members included:[5] Former IASB members include James J. Leisenring, Robert P. Garnett (formerly Anglo American PLC),[6] Mary Barth,[7] David Tweedie, Gilbert Gélard,[8] Warren McGregor,[9] and Tatsumi Yamada (formerly PriceWaterhouseCoopers and KPMG).