Posted on Friday, December 19, 2008

XBRL US, the nonprofit consortium for XML business reporting standards in the U.S. marketplace, today announced that three new directors will be joining its Board, starting in 2009:

  • Michael Schlanger , Vice President, Business Development and Strategy of Merrill Corporation
  • Charles Callan , Senior Vice President of Broadridge Financial Solutions
  • Mohamoud Jibrell , Chief Technology Officer of The Ford Foundation

Michael Schlanger joined Merrill Corporation in 2000. Mr. Schlanger develops transaction and compliance product strategies focusing on customers, markets and technologies and is leading Merrill’s XBRL service offering. Prior to joining Merrill, Mike performed numerous roles with other companies, including sales, sales management, division President and business development.

Charles Callan is responsible for government relations, regulatory affairs and policy research and analysis at Broadridge, and is a recognized expert in shareowner communication. At Broadridge, Mr. Callan championed the development of a taxonomy for proxy statement filings which has since been donated to XBRL US. The consortium will be incorporating that taxonomy into the XBRL US framework in 2009.

Mohamoud Jibrell is the Chief Technology Officer of the Ford Foundation and is responsible for information technology in the Foundation’s 13 global locations in Africa, Asia, Latin America, Russia and New York City. Prior to coming to the Foundation, he was the CIO of the American Psychiatric Association, spent 10 years in product management and IT management roles at Thermo King Corporation (formally a division of Westinghouse and now a division of Ingersoll Rand), and worked as a Mechanical Engineer at Otis Elevator (a division of United Technologies Corporation).

“The appointments of Chuck Callan and Mike Schlanger reaffirm XBRL US’ commitment to continuing our work on the use of structured data in the US capital markets. Their experience in this area will serve us well as we develop new taxonomies and tools”, said Mark Bolgiano, President and CEO, XBRL US, “And we are delighted to have Mohamoud Jibrell join the Board as his expertise in technology and in the nonprofit world will allow us to further expand the footprint for structured data.”

Mr. Jibrell and The Ford Foundation bring the consortium a unique knowledge-base in nonprofit reporting that could help XBRL US seek out new opportunities for XBRL, e.g., Form 990, the annual reporting form for federally tax-exempt organizations that must file with the IRS.

“Structured data can improve and simplify the reporting process in the nonprofit world,” said Mr. Jibrell, “As a member of the XBRL US Board, I look forward to directing XBRL US into a new arena where XML-based tags can improve the reporting process.”

XBRL US Board members returning for the 2009 calendar year are:

  • Alfred R. Berkeley, Chairman and CEO, Pipeline Trading Systems
  • Donald Donahue, Chairman and CEO, The Depository Trust and Clearing Corporation
  • Barry Melancon, President and CEO, AICPA
  • Randy Fletchall, Vice Chair, AABS Professional Practice & Risk Management, Ernst & Young LLP
  • Taylor Hawes, Controller, Global Platforms and Operations, Microsoft Corporation
  • Sunir Kapoor, President and CEO, UBmatrix
  • Phillip Moyer, President and CEO, Edgar Online
  • Mike Starr, Chief Operating Officer, Grant Thornton International
  • Sam Ranzilla, Partner-in-Charge, Professional Practice, KPMG
  • David Sharpe, Partner, National Professional Services Group, PricewaterhouseCoopers

In addition, Ray Lewis, Leadership Partner, Regulatory and Public Policy Group, Deloitte LLP, has assumed Robert Kueppers’ Seat on the XBRL US Board.

XBRL US is responsible for developing the US GAAP Taxonomies under a contract with the Securities and Exchange Commission. The 2009 Release of the taxonomies is now out for public review and comment and can be accessed at www.xbrl.us/usgaappublicreview.

About XBRL
XBRL (Extensible Business Reporting Language) is a royalty-free, open specification for software that uses XML data tags to describe financial information for public and private companies and other organizations. XBRL benefits all members of the financial information supply chain by utilizing a standards-based method with which users can prepare, publish in a variety of formats, exchange and analyze financial statements and the information they contain. XBRL International is a non-profit consortium of approximately 500 organizations worldwide working together to build the XBRL language and promote and support its adoption. XBRL International is responsible for the technical XBRL specification and each country-specific jurisdiction works to facilitate the development and adoption of local XBRL taxonomies, or dictionaries, consistent with accounting, regulatory, and market standards and practices.

About XBRL US
XBRL US is the non-profit consortium for XML business reporting standards in the United States and is a jurisdiction of XBRL International. It represents the business information supply chain, including accounting firms, software companies, financial databases, financial printers and government agencies. Its mission is to support the implementation of XML business reporting standards through the development of taxonomies relevant for use by US public and private sectors, working with a goal of interoperability between sectors, and by promoting adoption of these taxonomies through the collaboration of all business reporting supply chain participants. XBRL US has developed taxonomies to support U.S. GAAP and common reporting practices under a contract with the Securities and Exchange Commission. The XBRL US GAAP Taxonomies are available for public comment at http://usgaap.xbrl.us.

Source: XBRL US, Inc
Contact: Michelle Savage, Vice President, Communication, XBRL US, Inc., michelle.savage@xbrl.us, 917/747/1714



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