XBRL International, Inc. (XII) announced today the establishment of its inaugural Board of Directors comprised of senior leaders and experts with broad international experience in financial, business and regulatory reporting, accounting and standard setting. The Board will advise and assist in executing strategic opportunities as a result of XBRL's growing international adoption, identify critical regulatory and accounting convergence trends for which the XBRL standard could be used as a solution, and develop long-term growth and sustainability strategies for the XBRL international consortium.

"This newly formed XII Board will provide governance direction and strategic vision for our global consortium to assist our more than 600 members spread across 26 jurisdictions achieve their milestones in an integrated, consistent manner," said Anthony Fragnito, CPA, CEO of XBRL International, Inc. "The XBRL business reporting standard has already achieved significant milestones to-date, including mandates or voluntary filing programs in more than 20 countries. We look forward to working with the Board to magnify these efforts and help our members achieve maximum positive impact on capital markets, businesses, investors and regulators."

The newly appointed XII Board members represent a broad global reach:

•            Mr. Nelson Carvalho from South America (Brazil) and immediate past Chairman of the Standards Advisory Council of the International Accounting Standards Board (IASB); Mr. Robert Eccles from North America (United States), Senior Lecturer of the Harvard Business School in Boston;