The IASB received a request to amend IFRS 8 to clarify the requirements for the identification of the chief operating decision maker (CODM). More specifically, the proposed amendment was to emphasise in paragraph 7 of IFRS 8 the 'operating nature' of the function of the CODM and to clarify in paragraph 1 of IFRS 8 that there is a presumption that management reviews the information that is reported to it.
The IASB discussed this issue and noted that, in accordance with paragraphs 5 and 7 of IFRS 8, a CODM is actively involved in reviewing information of an operating nature and fulfils two distinct but related functions (ie performance assessment and resource allocation). In addition, paragraph 9 of IFRS 8 states that the CODM generally discusses operating activities, financial results or other plans for the segment with the 'segment manager' or might also fulfil the role of segment manager.
Consequently, the IASB decided that no further clarification of the requirements in IFRS 8 relating to the identification of the CODM is needed.