Hans Hoogervorst

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Hans Hoogervorst
HHoogervorst.jpg
Hans Hoogervorst in 2005
Chairman of the
International Accounting
Standards Board
Assumed office
1 July 2011
Preceded bySir David Tweedie
Chairman of the International
Organization of
Securities Commissions
In office
9 June 2010 – 1 April 2011
Vice Chairman of the
International Organization
of Securities Commissions
In office
29 May 2008 – 9 June 2010
Chairman of the Authority
for the Financial Markets
In office
15 September 2007 – 1 April 2011
Preceded byArthur Docters van Leeuwen
Succeeded byRonald Gerritse
Minister of Health, Welfare and Sport
In office
27 May 2003 – 22 February 2007
Prime MinisterJan Peter Balkenende
Preceded byAart Jan de Geus
Succeeded byAb Klink
Minister of Economic Affairs
In office
16 October 2002 – 27 May 2003
Prime MinisterJan Peter Balkenende
Preceded byHerman Heinsbroek
Succeeded byLaurens Jan Brinkhorst
Minister of Finance
In office
22 July 2002 – 27 May 2003
Prime MinisterJan Peter Balkenende
Preceded byGerrit Zalm
Succeeded byGerrit Zalm
State Secretary for Social Affairs
and Employment
In office
3 August 1998 – 22 July 2002
Serving with Annelies Verstand
Prime MinisterWim Kok
Preceded byFrank de Grave
Succeeded byMark Rutte
Philomena Bijlhout
Member of the House of Representatives
In office
30 January 2003 – 27 May 2003
In office
23 May 2002 – 22 July 2002
In office
17 May 1994 – 3 August 1998
Parliamentary groupPeople's Party for
Freedom and Democracy
Personal details
Born
Johannes Franciscus Hoogervorst

(1956-04-19) 19 April 1956 (age 63)
Haarlem, Netherlands
NationalityDutch
Political partyPeople's Party for
Freedom and Democracy

(from 1986)
Other political
affiliations
Labour Party (1978–1983)
Spouse(s)
Marisa Polin (m. 1996)
Children1 son
ResidenceLondon, United Kingdom
Alma materUniversity of Amsterdam
(Bachelor of Arts)
Johns Hopkins University
(Master of Arts)
OccupationPolitician · Civil servant · Economist · Businessman · Banker · Financial analyst · Financial adviser · Corporate director · Nonprofit director · Political consultant · Author
WebsiteChairman of the International Accounting Standards Board

Johannes Franciscus "Hans" Hoogervorst (born 19 April 1956) is a retired Dutch politician of the People's Party for Freedom and Democracy (VVD) and economist. He is the Chairman of the International Accounting Standards Board (IASB) since 1 July 2011.

Hoogervorst worked as a financial analyst at the The National Bank of Washington (NBW) from 1983 until 1986 and as a civil servant for the Ministry of Finance from 1986 until 1987. Hoogervorst worked as a political consultant for the People's Party for Freedom and Democracy from 1987 until 1994. He also worked as a speechwriter for the Leader of the People's Party for Freedom and Democracy and Parliamentary leader of the People's Party for Freedom and Democracy in the House of Representatives Frits Bolkestein from 1990 until 1994. Hoogervorst was elected as a Member of the House of Representatives after the election of 1994, taking office on 17 May 1994. After the election of 1998 Hoogervorst was appointed as State Secretary for Social Affairs and Employment in the Cabinet Kok II, taking office on 3 August 1998. The Cabinet Kok II resigned on 16 April 2002 following the conclusions of the NIOD report into the Srebrenica massacre during the Bosnian War with the cabinet continuing to serve in a demissionary capacity. After the election of 2002 Hoogervorst returned as a Member of the House of Representatives, taking office on 23 May 2002.

Following the election Hoogervorst was appointed as Minister of Finance in the Cabinet Balkenende I, taking office on 22 July 2002. The Cabinet Balkenende I fell just four months later on 16 October 2002 with the cabinet continuing to serve in a demissionary and Hoogervorst appointed as Minister of Economic Affairs following the resignation Herman Heinsbroek dual serving in both positions. After the election of 2003 Hoogervorst again returned as a Member of the House of Representatives, taking office on 30 January 2003. Following the cabinet formation the Leader of the People's Party for Freedom and Democracy and Parliamentary leader in the House of Representatives Gerrit Zalm choose to accept a ministerial post in the new cabinet and took over as Deputy Prime Minister and Minister of Finance. Hoogervorst was appointed as Minister of Health, Welfare and Sport in the Cabinet Balkenende II, taking office on 27 May 2003. The Cabinet Balkenende II fell on 30 June 2006 and was replaced by the caretaker Cabinet Balkenende III with Hoogervorst continuing as Minister of Health, Welfare and Sport, taking office on 7 July 2006. Hoogervorst served as the People's Party for Freedom and Democracy campaign manager for the election of 2006 but in August 2006 announced his retirement from national politics and that he would not stand for the election himself. The Cabinet Balkenende III was replaced by the Cabinet Balkenende IV on 22 February 2007.

Hoogervorst semi-retired from active politics, in August 2007 he was nominated as Chairman of the Authority for the Financial Markets (AFM), taking office on 15 September 2007. He also served as Vice Chairman of the International Organization of Securities Commissions (IOSCO) from 29 May 2008 until 9 June 2010 and as Chairman of the International Organization of Securities Commissions from 9 June 2010 until 1 April 2011. In June 2011 Hoogervorst was nominated as the next Chairman of the International Accounting Standards Board (IASB). He resigned as Chairman of the Authority for the Financial Markets and Chairman of the International Organization of Securities Commissions the day he was installed as Chairman of the International Accounting Standards Board, taking office on 1 July 2011.

Biography[edit]

Early life[edit]

After completing his secondary education, he studied history at the University of Amsterdam, graduating in 1981. He then went on to obtain a Master of Arts degree in international relations from Johns Hopkins University SAIS in Washington, D.C. in 1983.

From 1983 to 1986 Hoogervorst worked as an international banking officer with the National Bank of Washington (Washington, D.C.) and from 1986 to 1987 as a policy officer for international monetary affairs at the Dutch Ministry of Finance. From 1988 to 1994 he was a policy assistant on finance to the People's Party for Freedom and Democracy (VVD) parliamentary party in the House of Representatives and from 1994 to 1998 a Member of Parliament.

Politics[edit]

From 3 August 1998 Hoogervorst was State Secretary for Social Affairs and Employment in the second Kok government. On 22 July 2002 he was appointed Minister of Finance in the first Balkenende government. From 16 October 2002 he was also responsible for the Dutch Ministry of Economic Affairs. On 27 May 2003 he was appointed Minister of Health, Welfare and Sports in the second Balkenende government. In this position, Hoogervorst introduced a basic health insurance policy, mandatory for all registered inhabitants, but executed by private insurers.

In 2007 Hoogervorst succeeded Arthur Docters van Leeuwen as director of AFM, the Dutch financial market supervisory organization.

On 1 July 2011 he became chairman of the IASB upon the retirement of Sir David Tweedie.[1]

Hoogervorst is faced with many challenges as the new IASB chairman. For instance, countries such as the U.S. and Japan have not yet adopted IFRS.[2]

Decorations[edit]

Honours
Ribbon bar Honour Country Date Comment
BEL Order of Leopold II - Grand Officer BAR.png Grand Officer of the Order of Leopold II Belgium 15 May 2005
NLD Order of Orange-Nassau - Officer BAR.png Officer of the Order of Orange-Nassau Netherlands 11 April 2007

References[edit]

  1. ^ "A welcome from the incoming Chairman of the International Accounting Standards Board". IFRS. 1 July 2011. Archived from the original on 11 July 2011. Retrieved 11 July 2011.
  2. ^ "New IASB Leader Embraces Challenges". Journal of Accountancy. September 2011. Retrieved 3 November 2011.

External links[edit]

Official
Political offices
Preceded by
Frank de Grave
State Secretary for Social
Affairs and Employment

1998–2002
Served alongside:
Annelies Verstand
Succeeded by
Mark Rutte
Succeeded by
Philomena Bijlhout
Preceded by
Gerrit Zalm
Minister of Finance
2002–2003
Succeeded by
Gerrit Zalm
Preceded by
Herman Heinsbroek
Minister of Economic Affairs
2002–2003
Succeeded by
Laurens Jan Brinkhorst
Preceded by
Aart Jan de Geus
Minister of Health,
Welfare and Sport

2003–2007
Succeeded by
Ab Klink
Civic offices
Preceded by
Arthur Docters
van Leeuwen
Chairman of the
Authority for the
Financial Markets

2007–2011
Succeeded by
Ronald Gerritse
Non-profit organization positions
Preceded by
Unknown
Vice Chairman of the
International Organization
of Securities Commissions

2008–2010
Succeeded by
Unknown
Preceded by
Unknown
Chairman of the
International Organization
of Securities Commissions

2010–2011
Succeeded by
Unknown
Preceded by
Sir David Tweedie
Chairman of the
Board of directors of the
International Accounting
Standards Board

2011–present
Incumbent