IASC Foundation names new chief.

• Author: Heffes, Ellen M.
• Position: FINANCIAL REPORTING - International Accounting Standards Committee Foundation appointed Tommaso Padoa-Schioppa - Brief article

The International Accounting Standards Committee Foundation has named former Italian Minister of Economy and Finance Tommaso Padoa-Schioppa as its chairman. The group oversees the London-based International Accounting Standards Board, which is responsible for developing international accounting standards.

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Padoa-Schioppa previously served as chairman of the trustees, from January 2006 to May 2006, at which time he was asked to become minister of Economy and Finance.

Commenting on his appointment, Padoa-Schioppa said: "I am honored to be asked to return as chairman of the IASC Foundation Trustees. The G-20 and others have recognized the importance of...