The seven members of the FASB serve full time and, to foster their independence, are required to sever connections with the firms or institutions they served before joining the Board. While they individually have diverse backgrounds, each has a concern for investors, other users, and the public interest in matters of accounting and financial reporting and they collectively have "knowledge of accounting, finance, business, accounting education, and research.”
Board members are appointed for five-year terms and are eligible for reappointment to one additional five-year term. Expiration dates (on June 30) of current terms are indicated.
Leslie F. Seidman, Chairman, 2013
Daryl E. Buck 2015
Russell G. Golden 2017
Thomas J. Linsmeier 2016
R. Harold Schroeder 2015
Marc A. Siegel 2013
Lawrence W. Smith 2017