Results of Survey on the Financial Literacy of Australian Directors

[PDF 2.6MB]

Prepared by the Board Education Task Force
5 September 2012


As part of the FRC's 2011-14 Strategic Plan, the Board Education Task Force was established to consider the issue of board understanding of financial reporting.

The Task Force conducted a survey of directors and financial reporting professionals, working with them to identify if there are any issues in terms on the financial literacy of directors and, if so, how to address them.

On 5 September 2012, the Task Force released the results of the survey.

The work of the Task Force concluded in September 2012.

Task Force membership

  • Mr Kevin Lewis (Chairman)
  • Mr Andrew Fleming (from May 2012)
  • Mr Ian Laughlin
  • Mr Ian Purchas (from May 2012)
  • Mr Klaus Zimmermann (Jun to Dec 2011)