Which board develops the SASB standards, and who appoints its members?

Which board develops the SASB standards, and who appoints its members?

• A. SASB Standards Board; appointed by the SASB Foundation Board of Directors
• B. SASB Advisory Council; appointed by the SEC
• C. SASB Governing Council; appointed by investors
• D. SASB Technical Committee; appointed by the United Nations

Answer: (A)

The people who create and approve SASB standards sit on the SASB Standards Board, and they are appointed by the SASB Foundation Board of Directors. This setup keeps the standard-setting process independent and accountable to the foundation that oversees SASB. Advisory groups may offer input, but they don’t appoint the standard-setting members, and entities like the SEC, investors, or the United Nations aren’t the appointing bodies for SASB’s standards board.

The people who create and approve SASB standards sit on the SASB Standards Board, and they are appointed by the SASB Foundation Board of Directors. This setup keeps the standard-setting process independent and accountable to the foundation that oversees SASB. Advisory groups may offer input, but they don’t appoint the standard-setting members, and entities like the SEC, investors, or the United Nations aren’t the appointing bodies for SASB’s standards board.