C. B. Bhave and James Quigley Appointed As Trustees of the IFRS Foundation
The Trustees of the IFRS Foundation has appointed Chandrashekhar Bhaskar Bhave (C. B. Bhave) and James Quigley as Trustees.
The appointments, approved by the IFRS Foundation Monitoring Board, begin immediately and will expire on 31 December 2014. The terms are renewable once.
Mr Bhave is a former Chairman of the Securities and Exchange Board of India (SEBI), the Indian securities and market regulator. During this time he also served as Chairman of the Asia-Pacific Regional Committee and as a member of the Executive and Technical Committees of the International Organization of Securities Commissions (IOSCO).
Before chairing the SEBI, Mr Bhave served as Chairman and Managing Director of the National Securities Depository, during which time he led the reform of the Indian Tax Information Network and created India’s first share depository. Mr. Bhave holds a Bachelor’s Degree in electrical engineering from Jabalpur University.
Jim Quigley is a Senior Partner of the US member firm Deloitte LLP and former Global Chief Executive Officer of Deloitte Touche Tohmatsu Limited. Throughout his 37 years with the organisation Mr Quigley held many leadership roles and has built a distinguished track record of service to many multinational clients.
In addition to his Deloitte responsibilities, Mr Quigley is co-Chairman of the TransAtlantic Business Dialogue and serves as a Board member and adviser to several organisations. He is a former Trustee of the Financial Accounting Foundation, a former Board member of the Center for Audit Quality and has served on financial reporting advisory committees to the US Securities and Exchange Commission and the American Institute of Certified Public Accountants.
Mr Quigley received a Bachelor’s Degree and an honorary Doctorate of Business from Utah State University, and a further honorary Degree of Doctor of Commercial Science from Bentley College, Massachusetts.
Commenting on the appointments, Robert Glauber, Chairman of the Trustees’ Nominating Committee, said: “These are two high-calibre appointments to the Trustees. Chandrashekhar brings experience of leading a major emerging market securities regulator while Jim’s experience as a former CEO of a global accounting organisation brings invaluable experience in the implementation of IFRSs around the world.
I welcome both Chandrashekhar and Jim to the Trustees.”