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Johannes Franciscus "Hans"Hoogervorst (born 19 April 1956) is a retiredDutch politician of thePeople's Party for Freedom and Democracy (VVD) and economist. He is the former chairman of theInternational Accounting Standards Board (IASB) from 1 July 2011 through 30 June 2021.
Hoogervorst attended aGymnasium inHaarlem from June 1968 until June 1974 and applied at theUniversity of Amsterdam in July 1974majoring inModern history and obtaining aBachelor of Arts degree in June 1976 before graduating with aMaster of Arts degree in July 1980. Hoogervorst applied at thePaul H. Nitze School of Advanced International Studies of theJohns Hopkins University inBaltimore,Maryland in March 1981 for apostgraduate education inInternational relations obtaining a Master of Arts degree in July 1983. Hoogervorst worked as a financial analyst at theNational Bank of Washington (NBW) inWashington, D.C. from August 1983 until March 1986 and as a civil servant for theMinistry of Finance from March 1986 until September 1987. Hoogervorst worked as a political consultant for the People's Party for Freedom and Democracy from September 1987 until May 1994 and also as aspeechwriter for theLeader of the People's Party for Freedom and DemocracyFrits Bolkestein from April 1990 until May 1994.
Hoogervorst was elected as aMember of the House of Representatives after theelection of 1994, taking office on 17 May 1994 serving as afrontbencher andspokesperson forFinances. After theelection of 1998 Hoogervorst was appointed asState Secretary for Social Affairs and Employment in theCabinet Kok II, taking office on 3 August 1998. The Cabinet Kok II resigned on 16 April 2002 following the conclusions of theNIOD report into theSrebrenica massacre during theBosnian War and continued to serve in ademissionary capacity. After theelection of 2002 Hoogervorst returned as a Member of the House of Representatives, taking office on 23 May 2002. Following thecabinet formation of 2002 Hoogervorst was appointed asMinister of Finance in theCabinet Balkenende I, taking office on 22 July 2002. The Cabinet Balkenende I fell just four months later on 16 October 2002 and continued to serve in a demissionary capacity with Hoogervorst appointed asMinister of Economic Affairsdual serving in both positions. After theelection of 2003 Hoogervorst again returned as a Member of the House of Representatives, taking office on 30 January 2003. Following thecabinet formation of 2003 Hoogervorst was appointed asMinister of Health, Welfare and Sport in theCabinet Balkenende II, taking office on 27 May 2003. The Cabinet Balkenende II fell on 30 June 2006 and continued to serve in a demissionary capacity until it was replaced by thecaretakerCabinet Balkenende III with Hoogervorst remaining as Minister of Health, Welfare and Sport, taking office on 7 July 2006. In August 2006 Hoogervorst announced that he wouldn't stand for theelection of 2006 but did serve ascampaign manager for that election. The Cabinet Balkenende III was replaced by theCabinet Balkenende IV following thecabinet formation of 2006 on 22 February 2007.
Hoogervorst semi-retired from national politics and became active in thepublic sector, in August 2007 he was nominated as chairman of the executive board of theAuthority for the Financial Markets (AFM), taking office on 15 September 2007. In May 2008 Hoogervorst was nominated as vice chairman of the supervisory board of theInternational Organization of Securities Commissions (IOSCO), taking office on 29 May 2008. In June 2010 Hoogervorst was elected as chairman of the supervisory board of the International Organization of Securities Commissions, taking office on 9 June 2010. In June 2011 Hoogervorst was nominated as the chairman of the executive board of theInternational Accounting Standards Board (IASB), he resigned as chairman of the Authority for the Financial Markets and chairman of the International Organization of Securities Commissions the same day he was installed as chairman of the International Accounting Standards Board, taking office on 1 July 2011.
After completing his secondary education, he studied history at theUniversity of Amsterdam, graduating in 1981. He then went on to obtain a Master of Arts degree in international relations fromJohns Hopkins University SAIS inWashington, D.C. in 1983.
From 1983 to 1986 Hoogervorst worked as an international banking officer with theNational Bank of Washington (Washington, D.C.) and from 1986 to 1987 as a policy officer for international monetary affairs at theDutch Ministry of Finance. From 1988 to 1994 he was a policy assistant on finance to thePeople's Party for Freedom and Democracy (VVD) parliamentary party in theHouse of Representatives and from 1994 to 1998 aMember of Parliament.
From 3 August 1998, Hoogervorst was State Secretary for Social Affairs and Employment in the secondKokgovernment. On 22 July 2002 he was appointed minister of finance in the firstBalkenende government. From 16 October 2002 he was also responsible for theDutch Ministry of Economic Affairs. On 27 May 2003 he was appointed Minister of Health, Welfare and Sports in the secondBalkenende government. In this position, Hoogervorst introduced a basic health insurance policy, mandatory for all registered inhabitants, but executed by private insurers.
In 2007 Hoogervorst succeededArthur Docters van Leeuwen as director ofAFM, the Dutch financial market supervisory organization.
On 1 July 2011 he became chairman of the IASB upon the retirement ofSir David Tweedie.[1] He completed his 10 year term on 30 June 2021 and was succeeded byAndreas Barckow.[2]
Hoogervorst faced many challenges as the IASB chairman. For instance, countries such as the U.S. and Japan had not yet adopted IFRS.[3]
| Honours | ||||
| Ribbon bar | Honour | Country | Date | Comment |
|---|---|---|---|---|
 | Grand Officer of theOrder of Leopold II | Belgium | 15 May 2005 | |
 | Officer of theOrder of Orange-Nassau | Netherlands | 11 April 2007 | |
| Political offices | ||
|---|---|---|
| Preceded by | State Secretary for Social Affairs and Employment 1998–2002 Served alongside: Annelies Verstand | Succeeded by |
| Succeeded by | ||
| Preceded by | Minister of Finance 2002–2003 | Succeeded by |
| Preceded by | Minister of Economic Affairs 2002–2003 | Succeeded by |
| Preceded by | Minister of Health, Welfare and Sport 2003–2007 | Succeeded by |
| Civic offices | ||
| Preceded by | Chairman of the Executive Board of the Authority for the Financial Markets 2007–2011 | Succeeded by |
| Diplomatic posts | ||
| Unknown | Vice Chairman of the Supervisory board of the International Organization of Securities Commissions 2008–2010 | Unknown |
| Unknown | Chairman of the Supervisory board of the International Organization of Securities Commissions 2010–2011 | Unknown |
| Preceded by | Chairman of the Executive Board of the International Accounting Standards Board 2011–present | Incumbent |
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| International | |
|---|---|
| National | |
