Denver (Nov. 1, 2002) -- In a move to establish a single voice for the Certified Financial Planner certification around the globe, a task force of financial planning standard setters has named a new body to administer the program worldwide.

A joint task force of the CFP Board of Standards and the International CFP Council chose the Financial Planning Standards Board (FPSB) as the name of the new international entity to administer the CFP certification program worldwide.

A nine-member board of directors will act as the policy setting and oversight body for FPSB, the joint task said. FPSB Council will act as the advisory body to the board, representing the 19 international associate and affiliate members.

The task force said it plans to formally launch the organization early in 2003. The FPSB Board will hold its first meeting in January, where it will elect a chair and chair-elect, ratify the decisions of the joint committee, create a governance model, finalize affiliation agreements and appoint staff.

-- Electronic Accountant Newswire staff

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