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IFAC 2013 Ordinary Council Meeting Minutes
The format for the 2013 International Federation of Accountants’ (IFAC) Council meeting involved various
sessions across two days. The minutes below reflect the meeting proceedings in the order shown in the
meeting agenda and not necessarily the order of events during the meeting. The meeting involved: a
Welcome, Formal Business session, breakout sessions, and Council seminar (November 13); and
Council workshops, followed by a further Formal Business session (November 14).
1. Welcome and Apologies
1.1 Call to Order, Welcoming Remarks, and Procedural Matters
The President, Warren Allen, welcomed the Council delegates to the meeting. He thanked the Korean
Institute of Certified Public Accountants (KICPA) for hosting the Council. He also welcomed the
representatives of Member Bodies, as well as representatives of the Public Interest Oversight Board
(PIOB), Recognized Regional Organizations and Acknowledged Accountancy Groupings, Board and
Committee Chairs, members of the IFAC Board, and other observers in attendance.
Mr. Allen then provided an overview of the schedule for the meeting.
Mr. Allen introduced Vincent Pfammatter, IFAC’s independent legal counsel, who reported as follows:
a) The designation and credentials of the voting representative of each Member Body in good standing
registered in attendance at this meeting were reviewed and verified.
b) There were 75 Member Bodies eligible to vote that were present in person through a duly authorized
designated representative at the commencement of the Council meeting and there were 8 Member
Bodies eligible to vote and voting by proxy, for a total of 83. The Council approved a late proxy that
was received from the Association of Professional Accountants and Auditors of the Republic of
Moldova. This brought the total number of Member Bodies eligible to vote and voting by proxy to 84.
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c) Out of a total of 138 Member Bodies eligible to vote, the IFAC Constitution required a quorum of 28
representatives. The quorum was established for the meeting.
Mr. Pfammatter confirmed that all voting at the meeting would be conducted by the show of yellow
ribbons.
The Council unanimously approved the proxy submitted by the Association of Professional
Accountants and Auditors of the Republic of Moldova.
2. Minutes
2.1 Minutes of the 2012 Ordinary Meeting of the Council
The Council received the minutes of the Ordinary Meeting of the Council, which took place on November
14-15, 2012, in Cape Town, South Africa. Mr. Allen noted that the total vote in favor of the approval of the
membership of the Association of Accounting Technicians (AAT) noted in the draft minutes did not include
the proxies held by the President, of which there were 17. All of the proxies were voted in favor of the
membership of AAT. The minutes have been amended to include a total vote in favor of the membership
of AAT of 70 votes.
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After the start of the meeting, 8 additional voting representatives of Member Bodies registered and one proxy was revoked (the
Member Body representative arrived in person). This brought the total of Member Bodies eligible to vote in person or by proxy to 91.
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