Governance

The Value Reporting Foundation operates in a governance structure similar to the structure adopted by other internationally recognized bodies that set standards for disclosure to investors, including the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). This structure includes a board of directors (“the Foundation Board”) and a standard-setting board (“the SASB Standards Board”). The SASB Standards Board develops, issues, and maintains SASB Standards. The Foundation Board oversees the strategy, finances, and operations of the entire organization, and appoints the members of the SASB Standards Board.

The Value Reporting Foundation’s Board is not involved in setting the SASB Standards but is responsible for overseeing the SASB Standards Board’s compliance with the organization’s due process requirements. As set out in the SASB Rules of Procedure, standard-setting activities are transparent and follow careful due process, including extensive consultation with companies, investors, and relevant experts.

For more information about the Value Reporting Foundation’s governance structure and funding, please click here.