The Financial Accounting Foundation, an independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has elected four new members to its board of trustees. Each of the appointments is for a five-year term that begins in January 2011.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...