28 November 2014
The Trustees of the IFRS Foundation (Trustees), responsible for the governance and oversight of the International Accounting Standards Board (IASB), announced today the appointment of fifteen new members of the IFRS Advisory Council (Advisory Council).
The Advisory Council is the formal advisory body to the Trustees and the IASB. It advises the IFRS Foundation on its strategic direction, technical work plan and priorities. Meetings with the IFRS Foundation are held three times a year.
The Advisory Council consists of a wide range of representatives from groups that are affected by, and interested in, the IASB's work. These include investors, financial analysts and other users of financial statements, as well as preparers, academics, auditors, regulators, professional accounting bodies and standard-setters.
The new Advisory Council Members are:
| Name | Position | Organisation Represented |
| Areewan Aimdilokwong | Specialist, Accounting Supervision Department, Securities & Exchange Commission of Thailand | International Organization of Securities Commissions |
| Vania Borgerth | Advisor to the CEO, BNDES - Brazilian Development Bank | BNDES - Brazilian Development Bank |
| Prasan Chuaphanich | President, Federation of Accounting Professions, Thailand | Federation of Accounting Professions, Thailand |
| Pascale Déprez | Group Policy Director, Saint Gobain Group | Association for the participation of French companies in international accounting harmonisation (ACTEO) and Mouvement des Entreprises de France |
| Garth Coppin | Member, Financial Reporting Standards Council of South Africa | Financial Reporting Standards Council of South Africa |
| Roxana Damianov | Team Leader, Corporate Reporting Team, European Securities and Markets Authority | European Securities and Markets Authority |
| Holger Daske | Professor and Chair of Accounting and Capital Markets at University of Mannheim | The International Association for Accounting Education and Research |
| Paul Fitzsimon | Partner, Global Head of Reporting and Chief Accountant, PricewaterhouseCoopers | PricewaterhouseCoopers |
| Hidetake Ishihara | General Manager, Accounting & Finance Division, Nippon Steel & Sumitomo Metal Corporation | Nippon Keidanren (Japan) |
| Ann Jorissen | President, European Accounting Association | European Accounting Association |
| Jurgen Kirchhof | Principal Finance Expert, Financial Reporting & Policy Division, European Central Bank | European Central Bank |
| Robert Koethner | Chief Accounting Officer, VP and Head of Accounting and Financial Reporting, Daimler AG | European Round Table of Industrialists and European Issuers |
| Ton Meershoek | Technical Expert in Financial Reporting, Netherlands Authority for the Financial Markets | International Organization of Securities Commissions |
| Pam O´Connell | Director and World Bank Group Chief Accountant | World Bank |
| Uğur Yaylaönü | Head of Accounting Standards Department, Capital Markets Board of Turkey | Capital Markets Board of Turkey |
All appointments commence from 1 January 2015. The new members will replace:
Valeska Barros, Roger Best, Michael Bradbury, Thomas Blöink, Laurent Degabriel, Begoña Giner, John Hitchins, Christoph Hütten, Charles Macek, Bruce Mackenzie, Fumio Muraoka, Patrick Parent, Panagiotis Strouzas and Zinga Venner.
The Trustees are also pleased to announce that the following members of the Advisory Council have been reappointed:
Rudolf A Bless, Wang Haoyu, Shizhong Huang, Anne Molyneux, Vincent Papa, Rajagopal Sankaraiah, Gregory Smith and Min Yang.
One further appointment to the Advisory Council will be announced in due course. The full membership of the Advisory Council can be viewed here.
Commenting on the announcement, Robert Glauber, Chairman of the Trustees´ Nominating Committee, said:
"The Advisory Council plays an essential role in ensuring that the Trustees and the IASB benefit directly from advice on the future of financial reporting from some of our most important stakeholders.
"On behalf of the Trustees I would like to extend my gratitude to the outgoing members for their valuable contributions to the Advisory Council and the IFRS Foundation as a whole. I would also like to welcome our new Council members and thank them for agreeing to participate in this important advisory body."