The Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (the Board), have announced several new appointments and reappointments to the IFRS Advisory Council.
The Council comprises over 40 representatives from a wide range of backgrounds and geographic regions. Its role is to advise the IFRS Foundation Trustees and the Board on strategic and technical matters.
Michel Prada, Chairman of the IFRS Foundation Trustees, said:
The Advisory Council is an important sounding board both for the IFRS Foundation Trustees and the International Accounting Standards Board. I would like to welcome all the new Council members and express thanks to all those who have completed their terms or agreed to serve a second term.
New appointments representing existing organisations on Council, effective immediately
| Name | Representing | Replacing |
|---|---|---|
| Jean Paul Gauzès | European Financial Reporting Advisory Group | Roger Marshall |
| Paul George | UK Financial Reporting Council | Melanie McLaren |
| Jessica Magana | Comision Nacional Bancaria y de Valores | Linda Diaz |
New appointments representing existing organisations on Council, effective 1 January 2017
| Name | Representing | Replacing |
|---|---|---|
| Abdulrahman Fahd Almosad CMA | International Association of Insurance Supervisors | Markus Grund |
| Dr Giuseppe Ballocchi CFA | CFA Institute | Vincent Papa |
| Dr Jee In Jang | Korean Accounting Standards Board | Dr Steve Lim |
| Olivia Larmaraud | ACTEO & MEDEF | Pascale Deprez |
| James Luke | EY | Danita Ostling |
New appointments representing new organisations on Council, effective 1 January 2017
| Name | Representing |
|---|---|
| Prof Xinyuan Chen | Shanghai University of Finance and Economics |
| Suresh C. Senapaty | Wipro Ltd |
| Dr Etty Wulandari | Indonesian Financial Services Authority |
| Name | Representing |
|---|---|
| Roxana Damianov | European Securities and Markets Authority |
| Holger Daske | The International Association for Accounting Education and Research |
| Micheline Dionne | International Actuarial Association |
| Dr Jens Freiberg | BDO |
| Hidetake Ishihara | Nippon Keidanren |
| Olav Jones | Insurance Europe (European Insurance and Reinsurance Federation) |
| Jürgen Kirchhof | European Central Bank |
| Goro Kumagai | The Securities Analysts Association of Japan |
| Surya Subramanian | Individual |
| Dr Lothar Weniger | Corporate Reporting Users’ Forum (International) |
Gavin Francis and Goro Kumagai, who were appointed as the Council’s Vice-Chairs in February 2015, have had their roles extended for another two years, until 31 December 2018.
Rajagopal Sankaraiah, Federation of Indian Chambers of Commerce, and Shizhong Huang, Xiamen National Accounting Institute are stepping down from the Council.
In addition to the members of the Council, the European Commission, Japan’s Financial Services Agency and the US Securities and Exchange Commission attend the Council meetings as observers.
