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Board hears first reading of IASB PRESS Policy 119; advisory council to review
Summary
The board received a first reading of IASB PRESS Policy 119 and agreed to convene the Policy Advisory Council to review and recommend edits ahead of a future board consideration.
IASB PRESS Policy 119 was presented to the board for a first reading during the Aug. 12 meeting. The policy presentation was informational and no action was taken; the board directed that the Policy Advisory Council schedule a meeting to review the policy and prepare edits and recommendations for a future board meeting.
The first-read status means that trustees will have additional opportunities for review before any formal adoption or modification. The Policy Advisory Council's input will shape potential edits to PRESS Policy 119 prior to a subsequent board vote.
