Tweedie tells politicians to let IASB find his successor

City A.M. Reporter
European politicians should not interfere in how the next chief of a global accounting rule setting board will be selected, the board’s current chairman said yesterday.

David Tweedie, chairman of the International Accounting Standards Board (IASB), which sets accounting rules used in over 100 countries, including the EU, said the selection of his successor should be dealt with solely by the IASB’s trustees.

“If everyone wants to have their say, in the end, no one has a say,” Tweedie said.

Tweedie is understood to have been annoyed that the European Union’s executive European Commission was seeking to influence the selection process.

Tweedie steps down in June 2011 and the trustees are expected to name his successor next month.