Conway appointed FASAC chairman.E. Virgil Conway E. Virgil Conway is an American attorney, banker, philanthropist and civic leader who served as Chairman of the New York State Metropolitan Transportation Authority from 1995 to 2001. , a former chairman and chief executive officer of the Seamen's Bank for Savings, was appointed chairman of the Financial Accounting Standards Advisory Council (FASAC) by the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Financial Accounting Foundation. FASAC is responsible for consulting with the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). about technical issues on the board's agenda, project priorities, selection and organization of task forces and other matters, providing the FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). with a diversity of viewpoints on technical issues. Conway replaces Paul Kolton, who retired in March. |
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