21 November 2018

IFRS Foundation Trustees announce appointments to the IFRS Advisory Council from 2019

The Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (Board), have confirmed the appointment of 12 new individuals and the reappointments of five individuals to the IFRS Advisory Council.

The Council advises the IFRS Foundation Trustees and the Board on both strategic and technical matters. It consists of over 40 representatives from various groups that are affected by and interested in international financial reporting, including academics, analysts, auditors, investors, preparers, professional accounting bodies, regulators and standard-setters.

Newly appointed organisations to Council

Organisation Name Title 
Accounting Standards Committee of Germany (Representing the national standard-setters of France, Germany, Italy and the United Kingdom) Andreas Barckow President
AIA Group Garth Jones Group CFO
Banco Bilbao Vizcaya Argentaria, SA Maria Ángeles Peláez Morón Head of Global Financial Accounting
Lukoil Sergey Epifanov Head of the Consolidation and International Financial Reporting Department
Ortec Finance Tessa Kuijl Senior Lead Consultant, Pension and Insurance Risk Management
South Asian Federation of Accountants M P Vijay Kumar Vice Chairman, Accounting Standards Board and Chairman, Valuation Standards Board of The Institute of Chartered Accountants of India

New individuals appointed—representing existing organisations on Council

Organisation Name Title 
Council of Institutional Investors James Andrus Investment Manager, Sustainable Investments,  California Public Employees’ Retirement System
Deloitte & Touche Trevor Derwin Partner, Deloitte & Touche Africa
Grant Thornton Daniel Civit Partner, Head of the French Accounting Practice Group
International Federation of Accountants (IFAC) Russell Guthrie Chief Financial Officer and Executive Director - External Affairs
International Monetary Fund (IMF) Ellen Gaston Senior Financial Sector Expert, Financial Supervision and Regulation Division, Monetary and Capital Markets Department
The Securities Analysts Association of Japan George Iguchi Chief Corporate Governance Officer, Senior General Manager of Equity Invesment Department, Nissay Asset Management Corporation

Re-appointment of existing members on Council

Organisation Name Title 
Basel Committee on Banking Supervision William Coen Secretary General
Fédération Internationale des Experts-Comptables Francophones Aziz Dieye Founder and Past President of Fédération Internationale des Experts-Comptables Francophones and Chief Executive Officer of Cabinet Aziz Dieye
International Co-operative Alliance Isabelle Ferrand Chief Financial Officer, Confédération Nationale du Crédit Mutuel, Board Member of The International Co-operative Alliance and Chair of International Accounting and Regulatory Affairs Committee (IARAC)
KPMG Andrew Marshall Senior Technical Partner, KPMG UK 
Ministry of Finance, People’s Republic of China Yibin Gao Director-General of the Accounting Regulatory Department

Having served two terms (the maximum), the following members are stepping down from the Council at the end of the year:

  • Gavin Francis, Institute of International Finance
  • Jake Green, Grant Thornton
  • Igor Kozyrev, National Organisation for Accounting and Reporting Standards
  • Ghiath Shabsign, International Monetary Fund
  • Anne Simpson, Council of Institutional Investors
  • Lynda Sullivan, HUB Global Insurance Group
  • Stephen Taylor, Deloitte & Touche

In addition, Goro Kumagai (the Securities Analysts Association of Japan) has stepped down from the Advisory Council to become a member of the IFRS Interpretations Committee. Colin McDonald (the Investment Association) and John Stanford (International Federation of Accountants) both stepped down at the end of their first terms.

All appointments take effect 1 January 2019 and are for a three-year period.

The European Commission, Japan’s Financial Services Agency and the US Securities and Exchange Commission attend the Council meetings as observers.

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