Wood-decaying fungi are essential for the functioning of forest ecosystems. They provide habitat for many other organisms and enable the regeneration of forests throughout the world. Since wood decomposition is a decisive process in nutrient recycling, soil formation and the carbon budget of forest ecosystems, it is receiving increasing attention from forest ecologists, pathologists and managers. Research has focussed on the factors driving the speciesrichness of wood-decomposing organisms and is moving on to analyse the eVects of this species-richness on ecosystem functioning. Coarse woody debris (CWD) and its associated wood-decaying organisms have been drastically reduced in abundance and diversity by forestry and so these features often have potential as conservation indicators. Protective measures at a landscape level are needed for threatened wood-inhabiting fungi. These include restricting salvage operations in windthrow stands, actively encouraging the accumulation of deadwood in forests, and facilitating decay in standing trees by inoculating them with fungi. Here, we aim to collect and summarize recently produced work on deadwood ecology, pointing out research gaps and perspectives.