The IFRS Advisory Council provides broad strategic advice to the Trustees and the International Accounting Standards Board and can provide views that are supplemental to other consultative processes. The IFRS Advisory Council at present comprises 50 members having a diversity of geographical and functional backgrounds, appointed for renewable terms of three years, commencing on 1 January 2022.
The Trustees are looking to fill 16 vacancies as the terms of some Advisory Council members are completed on 31 December 2021. Twelve of these vacancies are for members who are eligible for reappointment. While reappointments are not guaranteed, member organisations whose individual representative is eligible to serve a second term will be given consideration alongside any new applications and/or nominations received.
The Trustees are seeking nominations from organisations with an interest in international financial reporting; they would also be interested in potential candidates with a knowledge and interest in sustainability reporting. Trustees continue to work towards their objective of having a good gender balance on the Advisory Council and throughout the broader Foundation. The selected members will add to the overall diversity of the Advisory Council. This may include representatives from 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, technology firms and organisations representing Small and Medium-sized Enterprises.
It is expected that the nominated individual will be a senior person 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 necessarily seeking candidates who are accountants or familiar with the detailed requirements of IFRS Standards. The Trustees will also consider applications from individuals.
The Advisory Council normally meets twice a year for a period of two days in London. Currently, the Advisory Council’s meetings are virtual due to the pandemic. Meetings are open to the public. Individuals appointed to the Advisory Council will be expected to participate actively in all of the meetings. Members of the Advisory Council serve on a voluntary, unpaid basis and are required to pay their own expenses. Full membership criteria is 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 16 July 2021* to Michel Madelain, Chair of the Nominating Committee, by email to firstname.lastname@example.org.
*Nominations received after 16 July 2021 cannot be guaranteed consideration by the Trustees.