Includes Experts in Business Reporting, Accounting, Regulatory Reporting and Standard Setting
XBRL International, Inc. (XII) announced today the establishment of its inaugural Board of Directors comprised of senior leaders and experts with broad international experience in financial, business and regulatory reporting, accounting and standard setting. The Board will advise and assist in executing strategic opportunities as a result of XBRL's growing international adoption, identify critical regulatory and accounting convergence trends for which the XBRL standard could be used as a solution, and develop long-term growth and sustainability strategies for the XBRL international consortium.
"This newly formed XII Board will provide governance direction and strategic vision for our global consortium to assist our more than 600 members spread across 26 jurisdictions achieve their milestones in an integrated, consistent manner," said Anthony Fragnito, CPA, CEO of XBRL International, Inc. "The XBRL business reporting standard has already achieved significant milestones to-date, including mandates or voluntary filing programs in more than 20 countries. We look forward to working with the Board to magnify these efforts and help our members achieve maximum positive impact on capital markets, businesses, investors and regulators."
The newly appointed XII Board members represent a broad global reach:
- Mr. Nelson Carvalho from South America (Brazil) and immediate past Chairman of the Standards Advisory Council of the International Accounting Standards Board (IASB); Mr. Robert Eccles from North America (United States), Senior Lecturer of the Harvard Business School in Boston;
- Mr. Gunnar Miller from Europe, Managing Director and Global Co-Head of Research and Head of European Research and Sector Funds at Allianz Global Investors;
- Mr. Mohandas Pai from western Asia (India), Member of the Board of Directors - Human Resources, Education and Research and Administration, Infosys;
- Ms. Ying Wei from eastern Asia (China), Deputy Director-General Accounting Regulatory Department of Ministry of Finance.
In addition, three XBRL International Steering Committee members will hold seats on the Board, they include:
- Mr. Mike Willis, (United States) Chair of the XII Steering Committee, Partner,PricewaterhouseCoopers;
- Ms. Diane Mueller, (Canada) First Vice Chair of the XII Steering Committee, Vice President, XBRL Development, JustSystems and
- Ms. Arleen Thomas, (United States) Treasurer of the XII Steering Committee, and Senior Vice President of Member Competency and Development at the American Institute of Certified Public Accountants (AICPA).
"One of the XII Board's primary directives will be to expedite the deployment of the XBRL business reporting standard, specifically at the regional and global regulatory level, by working with key decision makers at the highest levels," added Fragnito. "Our Board members have the requisite expertise, vision and professional relationships to help XII accomplish this goal effectively."
The Board will leverage XII's ongoing series of regional and international forums in Asia, Europe, Africa and the Americas to manage the XBRL standard, educate key decision makers, oversee implementation frameworks and provide strategic direction.
XII Board members will be present during the upcoming 19th XBRL International Conference in Paris on June 23-25.
About XBRL International, Inc.
XBRL International, Inc. (XII) is a global consortium using a cooperative effort to create a common business reporting language based on XML. This Web protocol is being developed and promoted by an international not-for-profit consortium of more than 600 major international public and private companies as well as organizations and government agencies in more than 26 jurisdictions. For more information about XBRL, please visit www.xbrl.org.
