The Financial Accounting Standards Board has appointed five new members to its Investor Advisory Committee.

The board recently refined the committee following a review of its effectiveness, keeping its mix of different types of investors and ratings agencies, but broadening the membership to include individuals involved in investor-related academic research.

The new IAC members are:

• Todd Castagano, executive director and equity research analyst at Morgan Stanley;
• Trevor Harris, a professor of professional practice accounting at Columbia Business School;
• Katherine Hensel, a private investor;
• Shripad Joshi, a senior director at S&P Global Ratings; and,
• Steven Y. Yang, an investment analyst at Schroeders.

“Our recent review of the IAC reinforced the continued importance of having an advisory group dedicated to investors — one that complements many other investor-related activities within our standard-setting process,” FASB Chairman Russell Golden said in a statement. “The five new IAC members will add several important perspectives to our discussions. From investors with large institutions, corporations, and governments as banking clients to investors who specialize in applying quantitative techniques to financial data — each of the IAC members has an interest in advising the FASB on how it can improve financial reporting for financial statement users.”

The IAC is next expected to meet in the second quarter of 2017.

Daniel Hood is editor-in-chief of Accounting Today and Tax Pro Today, and has covered the tax and accounting field for over 20 years.