Former Dutch minister to be IASB head

The head of the Dutch financial markets regulator has been given the politically sensitive job of running the body that sets the accounting rules followed in the European Union and an increasing number of other countries.

Hans Hoogervorst, a former Dutch finance minister, was named chairman of the London-based International Accounting Standards Board on the 12 October 2010, which sets the International Financial Reporting Standards (IFRS) accounting norms.

IFRS Foundation: Press Release, 12.10.10: Trustees appoint Hans Hoogervorst to succeed Sir David Tweedie http://www.ifrs.org/News/Press+Releases/chairman+appointment.htm

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