The IFRS Foundation, through its standard-setting body, the International Accounting Standards Board (the Board), is the body responsible for developing a single set of high quality global accounting standards for use throughout the world.
The Trustees of the IFRS Foundation invite applications from, and nominations of, suitable organisations and individuals for membership of the IFRS Advisory Council (the Advisory Council).
The primary objective of the Advisory Council is to provide the Trustees and the Board with broad strategic advice on both standard-setting and operational matters, including advice on the Board’s standard-setting agenda. The Advisory Council consists of up to 50 member organisations who have an interest in standard-setting, and represent a diversity of geographical and professional backgrounds. Organisations nominate one of their most senior people to represent them at the Advisory Council.
The Trustees are looking to fill up to 16 vacancies when the terms of its current members are completed on 31 December 2017. Of those 16 current members, 12 are eligible for reappointment. New members would serve two or three-year terms, starting on 1 January 2018, renewable once.
The Trustees are seeking nominations from organisations that have a high level of engagement with the mission of the IFRS Foundation and are prepared to encourage broad participation in the development of IFRS Standards as high quality global accounting standards. The selected organisations will add to the overall diversity of the Advisory Council; and may include global, regional or local organisations. Whilst all types of organisations will be considered, the Trustees are particularly seeking interest from corporate governance organisations, private equity firms, organisations involved in wider corporate reporting and organisations representing Small and Medium-sized Entities.
It is expected that the nominated individual will be one of the most senior people in the organisation, with skills and experience to advise on strategy and help shape the future of financial reporting. While financial reporting knowledge is needed, we are not seeking candidates who are technical accountants. The Trustees will also consider applications from individuals.
The Advisory Council meet at least twice a year in London. Between meetings, the Advisory Council members are expected to promote engagement in the development of high quality global IFRS Standards. Individuals appointed to the Advisory Council will be expected to participate in all of the meetings. Participation will include raising matters for discussion, providing advice and engaging in debate. Members of the Advisory Council serve on a voluntary, unpaid basis. Full membership criteria are set out on the IFRS Foundation’s website. Please consult the criteria when considering nominations.
Please indicate interest by sending a covering letter, letter of support from the organisation who is to be represented and curriculum vitae by 31 July 2017* to Sheila Fraser, Chair of the Nominating Committee, IFRS Foundation, 30 Cannon Street, London EC4M 6XH, United Kingdom, or by email to firstname.lastname@example.org.
*Nominations received after 31 July cannot be guaranteed consideration by the Trustees.