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February 13, 2016 3:24 PM ET

Commercial Services and Supplies

Company Overview of Financial Accounting Foundation Inc.

Company Overview

Financial Accounting Foundation Inc. offers funding and selection services for the members of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB). The foundation operates for charitable, educational, scientific, and literary purposes. Financial Accounting Foundation was founded in 1972 and is based in Norwalk, Connecticut.

Main Avenue 401 Merritt 7C

Norwalk, CT 06851

United States

Founded in 1972

Phone:

203-847-0700

Key Executives for Financial Accounting Foundation Inc.

Chief Executive Officer and President
Vice President and Additional Trustee
Director of Government Relations
Vice President of External Relations & Communications
Secretary, Treasurer, and Trustee
Age: 54
Compensation as of Fiscal Year 2015.

Financial Accounting Foundation Inc. Key Developments

Financial Accounting Foundation Inc. Announces Management Appointments, with Effect from January 1, 2016

Charles H. Noski has been elected chair of the Board of Trustees of the Financial Accounting Foundation (FAF), effective January 1, 2016. Noski has served as chief financial officer, audit committee chair, and in other senior executive and governance roles at major U.S. corporations. He will serve an initial term of three years as chair of the FAF Trustees, succeeding Jeffrey J. Diermeier, former president and CEO of the CFA Institute. Diermeier's term ends on December 31. The FAF also announced the appointment of five other new Trustees, each to a five-year term beginning January 1, 2016: Charles M. Allen, a partner and vice chairman with Crowe Horwath; Christine M. Cumming, retired first vice president and chief operating officer of the Federal Reserve Bank of New York; Eugene Flood, Jr., a member of the board of directors of Janus Capital Group Inc., and a former board member of other major asset management firms, including TIAA-CREF and Smith Breeden Associates Inc.; Kenneth B. Robinson, former chief audit executive and global risk and compliance leader of the Procter & Gamble Company; Diane M. Rubin, retired audit partner and quality control partner of Novogradac & Company.

Financial Accounting Foundation Announces Demise of Robert W. Stewart as a Senior Vice President of Public Affairs

Financial Accounting Foundation announced that demise of Robert W. Stewart as a Senior Vice President of Public Affairs.

Financial Accounting Foundation Inc. Announces Board Changes, Effective January 1, 2016

Charles H. Noski has been elected chair of the Board of Trustees of the Financial Accounting Foundation, effective January 1, 2016. Mr. Noski has served as chief financial officer, audit committee chair, and in other senior executive and governance roles at major U.S. corporations. He will serve an initial term of three years as chair of the FAF Trustees, succeeding Jeffrey J. Diermeier, former president and CEO of the CFA Institute. Mr. Diermeier’s term ends on December 31, 2015. the company also announced the appointment of five other new Trustees, each to a five-year term beginning January 1, 2016: Charles M. Allen, a partner and vice chairman with Crowe Horwath LLP; Christine M. Cumming, retired first vice president and chief operating officer of the Federal Reserve Bank of New York; Eugene Flood, Jr., a member of the board of directors of Janus Capital Group Inc., and a former board member of other major asset management firms, including TIAA-CREF and Smith Breeden Associates Inc.; Kenneth B. Robinson, former chief audit executive and global risk and compliance leader of the Procter & Gamble Company; and Diane M. Rubin, retired audit partner and quality control partner of Novogradac & Company LLP. Four of the six new Trustee appointments will fill upcoming vacancies on the Board of Trustees. In addition to Mr. Diermeier, Trustees whose terms conclude on December 31, 2015, are Carol Anthony (John) Davidson, Stephen R. Howe, Jr., and W. M. (Mack) Lawhon. The fifth appointment will fill an existing vacancy created by the resignation in late 2014 of former Trustee Teri List-Stoll. The sixth appointment was made at the discretion of the Trustees, who are permitted to name as many as 18 members to the Board. Charles H. Noskiretired as vice chairman of Bank of America Corporation in 2012, after serving as the corporation’s executive vice president and chief financial officer. Christine M. Cumming, Ph.D., retired first vice president and chief operating officer of the Federal Reserve Bank of New York, served various leadership roles with the bank from 1979 to 2015. In her most recent role, she founded and chaired the bank’s first Operational Risk Committee and sponsored the creation of the bank’s first risk function with a chief risk officer in 2009. Eugene Flood, Jr., Ph.D., serves on the Board of Janus Capital Group. Inc. He also has served on the boards of TIAA-CREF and Smith Breeden Associates. Kenneth B. Robinson, former chief audit executive and global risk and compliance leader with the Procter & Gamble (P&G) Company, joined P&G in 1977 and served in a variety of global financial and accounting and compliance leadership roles during his career. In his most recent role, Mr. Robinson led P&G’s global internal audit function and developed and implemented its enterprise risk and compliance framework. Diane M. Rubin is a retired audit partner and quality control partner with Novogradac & Company LLP.

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