Complex sentence: The foundation was formerly named the International Accounting Standards Committee (IASC) Foundation until a renaming on 1 July 2010, and as of 2012 is governed by a board of 22 trustees.
Split into simpler sentences: The foundation was formerly named the International Accounting Standards Committee (IASC) Foundation until a renaming on 1 July 2010. As of 2012 it is governed by a board of 22 trustees.