The profiles of global financial and sustainability reporting standard-setters A comparative analysis of the IASB and ISSB boards
Barra lateral del artículo
Contenido principal del artículo
Resumen
This study examines the composition of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) through an analysis of the professional trajectories, institutional affiliations and geographical origins of their members. It addresses the limited attention given to the people responsible for developing international reporting standards. Using documentary analysis, the study reviews the official biographies of the 25 individuals serving on both boards in June 2026. The findings show that the IASB is primarily composed of professionals with backgrounds in accounting, auditing, financial reporting and regulation, whereas the ISSB incorporates broader experience in sustainability management, ESG investing, stewardship and climate related disclosure. Despite these differences, members of both boards have professional experience in financial institutions, standard setting bodies, international organisations, audit firms and multinational corporations, although these institutional environments are represented differently across the two boards. The analysis also identifies a geographical concentration of board members in Europe and North America, with limited representation from Latin America and Africa. The findings point to both change and continuity within the IFRS Foundation. The ISSB broadens the professional expertise represented in global reporting, while the two boards share identifiable patterns of institutional affiliation and geographical representation.
Descargas
Detalles del artículo
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Aquellos autores/as que tengan publicaciones con esta revista, aceptan los términos siguientes:
- Los autores/as conservarán sus derechos de autor y garantizarán a la revista el derecho de primera publicación de su obra, después de su publicación en la revista la reproducción del artículo estará sujeto a la Licencia Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0).
- Los autores/as podrán adoptar otros acuerdos de licencia no exclusiva de distribución de la versión de la obra publicada (p. ej.: depositarla en un archivo telemático institucional o publicarla en un volumen monográfico) siempre que se indique la publicación inicial en esta revista.
- Se permite y recomienda a los autores/as difundir su obra a través de Internet (p. ej.: en archivos telemáticos institucionales o en su página web) después de publicado el artículo, lo cual puede producir intercambios interesantes y aumentar las citas de la obra publicada.
Referencias
Adams, C. A., & Abhayawansa, S. (2022). Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting. Critical Perspectives on Accounting, 82, 102309. https://doi.org/10.1016/j.cpa.2021.102309
Adams, C. A., & Mueller, F. (2022). Academics and policymakers at odds: The case of the IFRS Foundation Trustees’ consultation paper on sustainability reporting. Sustainability Accounting, Management and Policy Journal, 13(6), 1310-1333. https://doi.org/10.1108/SAMPJ-10-2021-0436
Botzem, S. (2014). Transnational standard setting in accounting: Organizing expertise-based self-regulation in times of crises. Accounting, Auditing & Accountability Journal, 27(6), 933-955. https://doi.org/10.1108/AAAJ-04-2013-1301
Bradbury, M. E., & Kim, O. (2024). The impact of the IFRS adoption reform on audit market concentration, auditor choice and audit quality. Journal of Applied Accounting Research, 25(5), 995-1015. https://doi.org/10.1108/JAAR-12-2022-0323
Carungu, J., Dimes, R., & Molinari, M. (2026). EFRAG and ISSB: Tensions and opportunities for convergence in the quest for the standardisation of sustainability reporting standards. Management Decision, 64(7), 2757-2782. https://doi.org/10.1108/MD-10-2024-2463
Correa-Mejía, D. A., Correa-García, J. A., & García-Benau, M. A. (2024). Analysis of double materiality in early adopters. Are companies walking the talk? Sustainability Accounting, Management and Policy Journal, 15(2), 299-329. https://doi.org/10.1108/SAMPJ-07-2023-0469
Correa-Mejía, D. A., Correa-García, J. A., & García-Benau, M. A. (2025). Enfoques de materialidad aplicados en Colombia: Evidencia de la aplicación voluntaria de doble materialidad. Innovar, 35(98). https://doi.org/10.15446/innovar.v35n98.123099
Correa‐Mejía, D. A., Correa‐García, J. A., & García‐Benau, M. A. (2026). Determinants of the Early Adoption of Double Materiality: Evidence From EU Companies. Sustainable Development, 34(S2), 1477-1491. https://doi.org/10.1002/sd.70412
Damiano, R., & Valenza, G. (2026). Resisting sustainability reporting regulation in Europe: Stakeholders’ barriers to the adoption of the corporate sustainability reporting directive. Management Decision, 64(7), 2808-2827. https://doi.org/10.1108/MD-10-2024-2360
De Villiers, C., Dimes, R., La Torre, M., & Molinari, M. (2024). The International Sustainability Standards Board’s (ISSB) past, present, and future: Critical reflections and a research agenda. Pacific Accounting Review, 36(2), 255-273. https://doi.org/10.1108/PAR-02-2024-0038
Giner, B., & Luque-Vílchez, M. (2022). A commentary on the “new” institutional actors in sustainability reporting standard-setting: A European perspective. Sustainability Accounting, Management and Policy Journal, 13(6), 1284-1309. https://doi.org/10.1108/SAMPJ-06-2021-0222
IFRS Foundation. (2021). Constitution. https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2026/issued/part-c/constitution.pdf
IFRS Foundation. (2026a). International Accounting Standards Board. https://www.ifrs.org/groups/international-accounting-standards-board/#members
IFRS Foundation. (2026b). International Sustainability Standards Board. https://www.ifrs.org/groups/international-sustainability-standards-board/#members
Macias, H. A., & Farfan-Lievano, A. (2017). Integrated reporting as a strategy for firm growth: Multiple case study in Colombia. Meditari Accountancy Research, 25(4), 605-628. https://doi.org/10.1108/MEDAR-11-2016-0099
Macias, H. A., & Ficco, C. R. (2022). ¿Inició la era de reportes de sostenibilidad obligatorios? Transición desde lineamientos GRI hacia estándares de ISSB. Revista Activos, 20(2). https://doi.org/10.15332/25005278.8619
Macias, H. A., & Quintero, D. (2015). Efectos de la aplicación de IFRS en países menos desarrollados: Revisión de estudios empíricos. Lúmina, 16, 86-111. https://doi.org/10.30554/lumina.16.1670.2015
Moneva, J. M., Hernández Pajares, J., Jara-Sarrúa, L., & Suárez Rico, Y. M. (2025). Accounting and sustainability reporting in emerging economies: Regulatory framework, challenges, and critical perspectives. Innovar, 35(98), e123581. https://doi.org/10.15446/innovar.v35n98.123581
Nicolo, G., Krasodomska, J., Andrades, J., & Tudor, A. (2026). Guest editorial: Toward a new mandatory sustainability reporting landscape in Europe: challenges and opportunities. Management Decision, 64(7), 2745-2756. https://doi.org/10.1108/MD-07-2026-529
Panfilo, S., Scarpa, F., & Canestraro, N. (2026). Reporting for change: Does the adoption of double materiality influence ESG risk management? Management Decision, 64(7), 2918-2944. https://doi.org/10.1108/MD-10-2024-2436
Pizzi, S., & Caputo, F. (2026). US corporations and the corporate sustainability reporting directive. A textual analysis on 10-K filings. Management Decision, 64(7), 3006-3022. https://doi.org/10.1108/MD-10-2024-2222
Procházka, D., Chehade, S., & Hussain, N. (2026). IFRS adoption strategies in emerging markets and economic outcomes: Evidence from a systematic literature review for the MENA region. Journal of Accounting in Emerging Economies, 16(2), 352-376. https://doi.org/10.1108/JAEE-09-2024-0400
Sepúlveda-Alzate, Y. M., García-Benau, M. A., & Gómez-Villegas, M. (2022). Materiality assessment: The case of Latin American listed companies. Sustainability Accounting, Management and Policy Journal, 13(1), 88-113. https://doi.org/10.1108/SAMPJ-10-2020-0358
Silva-Palavecinos, B., & Macias, H. A. (2026, March 24–27). Sustainability and climate change disclosures before the ISSB standards: Insights from Chile and Colombia [Paper presentation]. 2026 BALAS Annual Conference and Doctoral Colloquium, Bogotá, Colombia.
Velandia, G. J., Verón, C. S., Navarro, E., & Escobar, A. E. (2025). Componentes de la divulgación corporativa de sostenibilidad: Evidencia empírica de la economía latinoamericana. Innovar, 35(98), e123098. https://doi.org/10.15446/innovar.v35n98.123098.