We look forward to carrying on our collaboration with FASB under Russ’s second term and trust, with the additions of Marsha and Harold, the board will continue with its mission to improve financial accounting and reporting standards.
Morristown, N.J. (PRWEB) November 17, 2016
Financial Executives International (FEI), the association of choice for CFOs and other senior-level finance executives, issued the following statement in response to the Financial Accounting Standards Board’s (FASB) recent announcement of its 2017 appointments. Notably, FASB reappointed Russell G. Golden as chairman—extending his leadership for a second term. Additionally, FASB succeeded prior board members, Lawrence W. Smith and Daryl E. Buck, with first-term appointees Marsha L. Hunt and Harold L. Monk Jr. Ms. Hunt has been an active member of FEI for more than 15 years, served as FEI Board Chair, and is a key contributor to FEI’s Committee on Corporate Reporting (CCR).
"FEI commends the Financial Accounting Foundation (FAF) Board of Trustees’ decision to reappoint Russell G. Golden as FASB chairman. Further, we applaud the appointments of Marsha L. Hunt and Harold L. Monk Jr. to member seats. Russ’s leadership to date demonstrates his ability to navigate complex industry issues while taking into account the needs of both regulators and constituents. Marsha brings to the mix a diverse policy and compliance background including deep industry and technical accounting knowledge that will serve her well in this new role. We look forward to carrying on our collaboration with FASB under Russ’s second term and trust, with the additions of Marsha and Harold, the board will continue with its mission to improve financial accounting and reporting standards for the benefit of investors and other users overall,” said Andrej Suskavcevic, CAE, President and CEO, FEI.
Financial Executives International (FEI) is the leading advocate for the views of corporate financial management. Its more than 10,000 members hold policy-making positions as chief financial officers, treasurers and controllers at companies from every major industry. FEI enhances member professional development through peer networking, career management services, conferences, research and publications. Members participate in the activities of 74 chapters in the U.S. and a chapter in Japan. FEI is located in Morristown, NJ, and Washington, D.C. Visit http://www.financialexecutives.org for more information.