XBRL International has appointed Gilles Maguet as secretary general of XBRL Europe, giving him the job of promoting the adoption of the Extensible Business Reporting Language in Europe.
Maguet will lead the organization's efforts to encourage businesses to use interactive data tags in financial reports. In the United States, XBRL US has been working with the Securities and Exchange Commission to push XBRL. Earlier this month, the SEC voted to issue a proposed rule to begin requiring companies to file financial statements in XBRL, which makes the data easier for investors to compare and analyze (see SEC Votes for Mandatory XBRL Filing).
The European Parliament also agreed this month that the European Commission should move forward to support the introduction and adoption of XBRL for European Union regulatory filings and business reporting.
Maguet (pictured) comes to XBRL International from XBRL France, where he served as part-time secretary general for the past three years, helping to move XBRL forward in France. He will report jointly to the executive committee of XBRL Europe and to XBRL International CEO Anthony Fragnito.
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