IFRS Foundation Trustees seek new members of the IFRS Advisory Council

The IFRS Foundation Trustees are seeking eight new members of the IFRS Advisory Council—the strategic advisory body to the Trustees and the Foundation’s two standard-setting boards—to succeed members whose terms end on 31 December 2024. Appointments are for a three-year term, renewable once for a second three-year term. The deadline for nominations is 30 August 2024.

About the IFRS Foundation

The IFRS Foundation is a not-for-profit organisation created in 2001 to develop—in the public interest—high-quality, understandable, enforceable and globally accepted standards for general purpose financial reporting, and to promote and facilitate their adoption. The Standards—IFRS^® Accounting Standards and IFRS^® Sustainability Disclosure Standards—are collectively referred to as IFRS^® Standards. 

The Standards are set by the Foundation’s two independent standard-setting bodies, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB), using a rigorous, inclusive and transparent due process. The Trustees oversee the two boards and are accountable to a Monitoring Board of public authorities.

About the IFRS Advisory Council

The IFRS Advisory Council is the formal strategic advisory body to the Trustees, the IASB and the ISSB. The Council consists of 55 representatives of organisations and individuals from diverse functional and geographical backgrounds with an interest in international corporate reporting. Members include academics, auditors, investors and other users of corporate reports, preparers, regulators, professional accounting bodies, standard-setters and multilateral organisations. 

The Advisory Council normally meets twice a year for a period of two days in London. One or two additional short meetings may be held by videoconference to deal with time-sensitive matters arising between the in-person meetings. Meetings are open to the public. Individuals appointed to the Advisory Council are expected to participate actively in all meetings. All Council discussions are in English. Members of the Advisory Council serve on a voluntary, unpaid basis and are required to pay their own travel-related expenses.

What we are looking for

The Trustees are seeking nominations from organisations with knowledge and interest in international corporate reporting to support the IFRS Foundation’s work. Nominees may include representatives from global, regional or local organisations; and from developed and emerging and developing economies. While all types of organisations will be considered, the Trustees are particularly seeking interest from organisations involved in sustainability-related disclosures and wider corporate reporting, investors and other users of corporate reports, corporate governance organisations, technology firms and organisations representing small and medium-sized enterprises (SMEs).

Nominated individuals are expected to be highly experienced persons in their organisations, competent in advising on strategy and able to help shape the future of corporate reporting. While financial reporting knowledge is needed, the Trustees are not necessarily seeking candidates who are familiar with the detailed requirements of IFRS Standards. The Trustees will also consider applications from individuals on their own behalf.

In addition to the eight new appointments, six members of the Advisory Council are eligible to be considered for reappointment. Reappointments are not guaranteed. Member organisations whose individual representative is eligible to serve a second term will be considered alongside any new applications and/or nominations received in light of the needs of the IFRS Foundation.

The Trustees aim to create a pool of applicants with balanced representation among genders that includes people whose skill and experience match the criteria for membership. Accordingly, organisations nominating representatives to the Advisory Council are expected to put forward for the Trustees’ consideration a diverse set of qualified candidates. 

Read further about the IFRS Advisory Council, including its terms of reference and criteria for membership. Please consult the criteria when considering nominations.

To apply

Please indicate interest by sending a covering letter, a letter of support from the organisation that is to be represented and a curriculum vitae by 30 August 2024* to Ken Robinson, Chair of the IFRS Foundation Nominating Committee by email to  jrobinson@ifrs.org

*Nominations received after 30 August 2024 cannot be guaranteed consideration by the Trustees.