Become an IFRS Advisory Council member—Chair vacancy

The IFRS Foundation Trustees are seeking a Chair for its Advisory Council. The role is a three-year appointment (renewable once) commencing on 1 February 2022. The role is remunerated at £40,000 per annum and the time commitment totals approximately three days per month.

The Advisory Council background

The Advisory Council’s existence is mandated by the IFRS Foundation’s Constitution and its role, functions and relationship with the International Accounting Standards Board (Board) and the IFRS Foundation are set out in the Due Process Handbook.

The Advisory Council provides broad strategic advice to the IFRS Foundation Trustees and the Board and can also provide views to relevant consultations. The Advisory Council currently has approximately 50 members from diverse geographical and professional backgrounds, appointed for renewable terms of three years. The Advisory Council’s diverse composition enables providing the Trustees and the Board with a wide range of perspectives, views and recommendations.

The Advisory Council shall normally meet at least twice a year for a period of two days in London. Meetings are open to the public. The meetings are normally attended by the Chair of Trustees, Board Chair and Vice-Chair, Trustees, and IFRS Foundation staff leadership. The Advisory Council may also hold virtual meetings as the need arises. At times, the Chair has decided to hold small group meetings of Council members to facilitate broader engagement.

The role

The Chair of the Advisory Council is involved with the Foundation staff in setting the agenda for, and preparing the summary of, the Advisory Council meetings as well as introducing leading and summarizing the debates. The Chair provides a report to the Trustees after each meeting. The Trustees may invite the Chair of the Advisory Council to attend and participate in the Trustees’ meetings. The Chair of the Advisory Council is appointed by the Trustees, and shall not be a member of the Board or a member of the Foundation’s staff. The Chair is consulted during the appointment process of the Advisory Council members.

Experience for role

• Strong strategic thinker
• Mature leadership and influencing skills, demonstrated by previous experience in other Chair roles
• Broad global network of leadership contacts
• Significant demonstrable experience of working in a collegial environment with a globally diverse group where the Chair has to provide leadership, build consensus and chair large meetings
• Experience in international work including political, diplomatic and cultural aspects—demonstrated experience of working constructively with a very wide range of international and national bodies
• An understanding of financial reporting, IFRS Standards in particular, and its implications globally.

The Foundation would welcome applicants with experience and expertise in sustainability reporting.

Other personal attributes

• Practical and pragmatic, balanced and open-minded
• A commitment to working in the public interest
• Well-developed communication skills
• An interest in cultural diversity
• Capacity to devote sufficient time to the duties of the Chair

Please indicate interest by sending a covering letter and curriculum vitae by 16 July 2021 to Michel Madelain, Chair of the Nominating Committee, by email c/o jrobinson@ifrs.org.