The Financial Accounting Foundation (FAF) has appointed two members to the Board of Trustees: Michael Clement and Elizabeth Pearce. Both new members will begin their terms of service on 1 January 2024 and conclude on 31 December 2028.

The FAF is the parent organisation of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

FAF chair Edward Bernard “The FAF Board of Trustees is pleased to welcome Michael and Beth as its newest members. Both of these individuals bring extensive knowledge and a wealth of experience in their respective fields to the roles they will play on the Board. I look forward to working with them.”

The appointees will fill the roles of Trustees Mary Barth, current vice chair of the Board, and David Lillard, Jr., the Board’s secretary and treasurer. Both began their terms in April of 2019 and will conclude their service on December 31, 2023.

Clement is on the faculty of the University of Texas at Austin, where he teaches in the Department of Accounting. He is also a visiting professor of Business Administration in the Accounting and Management unit at Harvard Business School.  His current research investigates the dissemination and use of financial information in the capital markets, with a focus on the activities and performance of sell-side security analysts.

Pearce currently serves as the chair of the Governmental Accounting Standards Advisory Council (GASAC), a role to which she was appointed by the FAF Board of Trustees in 2022. In this role she engages members of the Council in active discussions regarding technical and other issues which may impact the diverse stakeholder base of the GASAC.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.