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<p>The UK Endorsement Board for international accounting standards is currently being
established. It will consist of between 11 and 13 Board members plus the Chair. The
Chair will be appointed by my rt. hon. Friend the Secretary of State, following the
public appointments process, while the remaining Board members will be appointed by
the Chair from a short list provided by the FRC Nominations Committee. The Committee
will be required to follow the recommendations on diversity made in the Independent
Review of the FRC and the Secretary of State will retain a veto over any of the appointments.
All posts will follow an open and transparent recruitment process.</p><p> </p><p>Preliminary
work for appointing the Chair and Board members has begun. We expect a Chair to be
in place by the end of 2019, with an announcement shortly before. The remaining Board
members are expected to be announced in early 2020.</p>
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