COMPANY LAW : CONVERGENCE IS KEY FOR NEW IASB CHIEF. From: European Report | Date: October 24, 2007 | COPYRIGHT 2007 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

A new chairman of the International Accounting Standards Board (IASB) may well herald a new, more hard-line approach on Europe's attitude to accounting standards. Gerrit Zalm, former deputy Dutch prime minister and finance minister, was appointed on 18 October to head up the organisation. He is determined to push for a single global set of accounting standards and that this should be the International Financial Reporting Standards (IFRS).

On taking up his post, Zalm warn...