(Revised and approved by the Accounting Standards Oversight Council on February 12, 2021)
The Chair may delegate these responsibilities to the Vice-Chair, if one has been appointed, or to the Director, Accounting Standards, except that the responsibilities in sub-paragraph (b) may be delegated only with the agreement of the Chair of AcSOC.
The Vice-Chair also undertakes such other responsibilities as the Chair may delegate to him or her from time to time in accordance with paragraph 8. An appointee to the position of Vice-Chair is not thereby designated as a successor to the current Chair.
in the absence of extenuating circumstances, will cease to be a member of the AcSB as of the end of the meeting at which he or she was in default. The Chair makes a recommendation to the Nominating Committee of AcSOC concerning any extenuating circumstances and the Nominating Committee decides whether the defaulting member may continue as a member. A member is deemed to be absent from a meeting of the AcSB unless he or she is in attendance for substantially all of it.
1 As described in paragraph 4(d), the AcSB is accountable to stakeholders by responding to them in a timely manner, and facilitating their participation and input into the development of standards that affect them.