It's an unusually urgent move sparked by doping scandals in Russia and the International Olympic Committee's decision a year ago to ignore WADA's recommendation that the entire Russian Olympic team be banned from the Rio Olympics.
The director general of the agency would be appointed by the board of directors and funding would be provided by the IOC.
Russia's Sputnik News reports that the new chair will have to be independent from Russia's sporting authorities. The members will be an independent president, a representative from the IOC, a representative from worldwide sport federations, an athlete, and an independent expert.
Like WADA, the ITA will be set up as a Swiss foundation but based in Lausanne. The guidelines call for athletes from a non-compliant country to be ineligible if that country's Olympic committee or anti-doping agency make a deliberate attempt to circumvent anti-doping rules.
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"For clean athletes, this is the first glimmer of hope after months of pushing for reform", Tygart said.
The standards for compliance would allow for sanctioning of National Olympic Committees and worldwide federations much like sanctions for doping violations according to an AP report.
They also agreed to put the new rules in place as quickly as possible instead of waiting until the next WADA code revisions in 2021.
Russia was declared non-compliant by WADA ahead of the Rio 2016 Olympics, and the International Olympic Committee ruled that each individual federation had the authority to bar athletes based on a set of criteria.
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Russian Federation is taking steps to fix its doping control system, the World Anti-Doping Agency was told on Thursday.
It has been almost two years since RUSADA was ruled non-compliant and WADA said Russian Federation will remain an outcast until four key demands are met, chief among them Isinbayeva's removal from RUSADA and replacement by an independent chair and vice-chair.
The Russians ended up competing in Brazil without their track team and numerous athletes in other sports.
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