The IFRS Foundation is the private sector independent body responsible for the development and implementation of a single set of high-quality global accounting standards. Twenty-two Trustees—from Africa, the Americas, Asia-Oceania, 'At Large' (any area of the world) and Europe—oversee the Foundation and the International Accounting Standards Board (the Board). The Board is the body responsible for the development of IFRS® Standards. The Trustees themselves are publicly accountable to a Monitoring Board of capital market authorities.
The UK Overseas Companies Regulation 2009 requires that all appointed Trustees automatically assume the role of Director of the Foundation concurrently with the acceptance of their role as Trustee.
Trustees’ responsibilities include oversight of the organisation in the public interest; its strategic direction; appointments to the Board, the IFRS Interpretations Committee and the IFRS Advisory Council; and ensuring the financing of the organisation and approving its budget.
The IFRS Foundation is seeking two Trustees: one from the Americas and one from the Asia-Oceania region, both to commence on 1 January 2022. In order to maintain a diverse range of Trustees from the Americas, Trustees would be particularly interested in potential candidates from Latin America, including, but not restricted to, Mexico, where the current Trustee will stand down at the end of the year. All names received from the relevant regions will be given full and comprehensive consideration. The IFRS Foundation Trustees seek to achieve its objective of building a diverse and gender-balanced group.
Qualified candidates should have top-level experience in an organisation with an interest in accounting standards. They should demonstrate a firm commitment to serving the public interest, to the work of the Foundation and to the Board as a high quality global standard-setter. They should be financially knowledgeable and be able to meet the time commitment, which includes, but is not limited to, at least three three-day meetings each year. Trustees should have an understanding of, and be sensitive to, the challenges associated with the adoption and application of high-quality global accounting standards developed for use in the world’s capital markets as well as to relevant current issues such as the impact of new technologies on corporate reporting, the development of non-financial reporting and changes in investors' and markets' demands. Trustees are aware of the increasing focus on sustainability reporting by major companies and would welcome applications from candidates with a knowledge and interest in sustainability reporting.
Current employees of organisations represented on the Monitoring Board are not eligible for consideration.
The appointments will be for a period of three years. All terms may be renewed for three further years.
Please indicate interest by sending a covering letter and curriculum vitae by 30 April 2021 to Michel Madelain, Chair of the Nominating Committee, c/o jrobinson@ifrs.org.
Please click here for details of the appointment process and for the full role specification.
