Robert Herz

Current public company boards: Morgan Stanley, Workiva

Prior public company boards: Fannie Mae

Executive Experience:

Mr. Herz’s current activities include serving on the boards of directors and various board committees of  Morgan Stanley (Audit Committee Chair), Workiva Inc., and the International Foundation for Valuing Impacts, and on a number of advisory boards including AccountAbility, Lukka, Inc. and RS Metrics. He was a member of the Fannie Mae board of directors from 2011 to 2024, chairing the audit committee for eight years, and on the boards of Paxos and two of its subsidiaries from 2015 to 2023. He also served on the board of the Value Reporting Foundation ( VRF- which was formed through the merger in 2021 of the Sustainability Accounting Standards Board Foundation (SASB) and the International Integrated Reporting Council  and was merged with the IFRS Foundation in 2022 – Mr. Herz was involved with the SASB and IIRC for many years ) and currently serves on the Transition Advisory Group that is advising the IFRS Foundation Trustees and the International Sustainability Standards Board ( ISSB ) on the integration of the VRF and the Climate Disclosure Standards Board with the IFRS organization and on the International Reporting and Connectivity Council that is advising the ISSB and International Accounting Standards Board ( IASB ) on advancing integrated reporting. Mr. Herz also currently serves on as a member of the Audit Committee Chair Advisory Council of the National Association of Corporate Directors, on the Financial Reporting Faculty Advisory Group of the Institute of Chartered Accountants in England and Wales, as an advisor to the Intrinsic Exchange Group that is working to create a public market for Natural Asset Companies, and as an Expert Advisor to and member of the G7 Impact Task Force that is advising the G7 leaders on accelerating the mobilization of capital to address climate change and other global sustainability issues. For many years he was an executive in residence at the Columbia Business School where he lectured, counseled students, and worked with faculty on research studies and served on the advisory board of the Alliance Manchester Business School in England from 2006-2017. He also served on the Standing Advisory Group of the US Public Company Accounting Oversight Board (PCAOB) from 2012-2020 and on the PCAOB’s Data and Technology Task Force, was a member of the Independent Investment Committee of the  United Nations Operating Project Services (UNOPS ) from  2016-2021 and was a member of the Accounting Standards Oversight Council of Canada from 2011-2017. Mr. Herz also provides consulting services on financial reporting and other matters through Robert H. Herz  LLC, of which he is President.

Mr. Herz was Chairman of the Financial Accounting Standards Board (FASB) from 2002 to 2010 and was  one of the original members of the IASB. He was a partner with PricewaterhouseCoopers for many years, including serving as audit partner on numerous major companies, as head of the firm’s Corporate Finance Advisory Services, as the Firm’s senior technical partner, and as a member of the Firm’s US and Global Boards, as President of the PricewaterhouseCoopers Foundation. He was a trustee, vice chair and chair of the investment committee of the Kessler Foundation from 2003-2015. He has chaired a number of professional committees, including the IFAC Transnational Auditors Committee and the AICPA SEC Regulations Committee, has served on numerous public policy commissions and task forces both in the U.S. and internationally, testified many times at Congressional hearings, authored or coauthored  7 books and over 80 articles and published papers, is a regular speaker at major financial reporting and business conferences, and is a member of the Accounting Hall of Fame and recipient of many other awards including the AICPA Gold Medal Award of Distinction and the Outstanding Achievement Award from the Institute of Chartered Accountants in England and Wales (ICAEW ) for lifetime contributions to the profession and society.

Additional Information: Mr. Herz  is both a U.S. CPA and an English Chartered Accountant and has extensive international experience, including having lived in Argentina and England.