EFRAG By-laws
EFRAG is an AISBL established in conformity with Belgian law. Its governance is dictated by both statutes and internal rules. Both documents are accessible via the links provided below.
The working relationship between the European Commission and EFRAG are set out in the Working Arrangements between the EC and EFRAG. The Working Arrangements signed on 2 June 2016 replaces the 2006 Working Arrangement. The 2016 Working Arrangements can be found here.
EFRAG policies
In this section of EFRAG's website you can find the policies that EFRAG has defined and observes in order to carry out its activities under high quality governance and high level effectiveness.
Conflict of interest policy
The objective of EFRAG's conflict of interest policy is to ensure the credibility of EFRAG as an organisation working in the European public interest. EFRAG Board members, the EFRAG TEG Chairwoman and the EFRAG CEO should be fully committed to act in the European public interest and in the best interest of EFRAG and to avoid any conflict of interest or perceptions of conflict of interest.
Privacy policy
EFRAG is committed to protect the privacy of persons involved in EFRAG’s activities in relation to the personal data relating to them. The EFRAG privacy policy explains how EFRAG uses personal information it collects and complies with the European General Data Protection Regulation (GDPR) and the national laws in all parts of its activities.
Field work policy
EFRAG carries out field work throughout the IFRS standard-setting process. The purpose of field work is to gather facts and evidence, relying on real-life examples and circumstances, drawn from all local jurisdictions in Europe. EFRAG's field work policy sets out how field work is undertaken as part of the EFRAG due process including the involvement of other organisations such as National Standard Setters.
EFRAG Board approval by written procedure policy
This policy sets out when approval by written procedure can be used by the EFRAG Board and specifies the process in relation to EFRAG's pronouncements. The policy also includes a description of the transparency of the process.
Policy on EFRAG Public Transparency Register
This policy provides the features of the EFRAG Public Transparency Register including its scope; the meetings to be recorded and the exceptions; and the details reported on the meetings.