Michael Schlanger, vice president of product management for XBRL at St. Paul, Minn.-based Merrill Corporation, has been appointed to serve on the XBRL US board of directors.
XBRL US is responsible for developing the US GAAP Taxonomies under a contract with the Securities and Exchange Commission (SEC). XBRL, (eXtensible Business Reporting Language), is the global open standard to prepare, publish, exchange and analyze business reports and statements in a consistent, accurate and machine-readable format.
"Having Mike at the table gives filers a voice and makes us a better consortium," said Mark Bolgiano, president and CEO, XBRL US. "Input from companies like Merrill and other reporting organizations will be important as we expand beyond financial statement reports into areas such as corporate actions, governance and proxy statements."
Schlanger joined Merrill Corporation, global provider of technology-enabled services, in 2000. He develops financial product strategies in response to client and regulatory needs and is on the leadership team guiding the development and sale of Merrill's XBRL service offering.