The IFRS Foundation is the private sector independent body responsible for the development and implementation of a single set of high-quality global accounting standards. Twenty-two Trustees—from Asia/Oceania, Europe, the Americas, Africa and “At Large” (any area of the world)—oversee the Foundation and the International Accounting Standards Board (the Board). The Board is the body responsible for the development of IFRS® Standards. The Trustees themselves are publicly accountable to a Monitoring Board of capital market authorities. The UK Overseas Companies Regulation 2009, requires that all appointed Trustees automatically assume the role of Director of the Foundation concurrently with the acceptance of their role as Trustee.
Trustees’ responsibilities include oversight of the organisation in the public interest; its strategic direction; appointments to the Board, the IFRS Interpretations Committee and the IFRS Advisory Council; and ensuring the financing of the organisation and approving its budget.
The IFRS Foundation are seeking four Trustees: two from the Americas, one from the At Large category and one from Europe for vacancies that will become available in January 2021.
Qualified candidates should have top-level experience in an organisation with an interest in accounting standards. They should demonstrate a firm commitment to serving the public interest, to the work of the Foundation and to the Board as a high quality global standard-setter. They should be financially knowledgeable and be able to meet the time commitment, which includes, but is not limited to, at least three three-day meetings each year. Trustees should have an understanding of, and be sensitive to, the challenges associated with the adoption and application of high quality global accounting standards developed for use in the world’s capital markets as well as to relevant current issues such as the impact of new technologies on corporate reporting, the development of non-financial reporting and changes in investors and markets demands.
Current employees of organisations represented on the Monitoring Board are not eligible for consideration.
The appointments will be for a period of three years. All terms may be renewed for three further years.
Please indicate interest by sending a covering letter and curriculum vitae by 8 May 2020 to Michel Madelain, Chair of the Nominating Committee, IFRS Foundation, Columbus Building, 7 Westferry Circus, London E14 4HD, United Kingdom or by email to email@example.com.
Please click here for details of the appointment process and for the full role specification.