New members appointed to the IFRS Advisory Council

The Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (the Board), have announced several new appointments and reappointments to the IFRS Advisory Council.

The Council comprises over 40 representatives from a wide range of backgrounds and geographic regions. Its role is to advise the IFRS Foundation Trustees and the Board on strategic and technical matters.

Michel Prada, Chairman of the IFRS Foundation Trustees, said:

The Advisory Council is an important sounding board both for the IFRS Foundation Trustees and the International Accounting Standards Board. I would like to welcome all the new Council members and express thanks to all those who have completed their terms or agreed to serve a second term.

New appointments representing existing organisations on Council, effective immediately

Name	Representing	Replacing
Jean Paul Gauzes	European Financial Reporting Advisory Group	Roger Marshall
Paul George	UK Financial Reporting Council	Melanie McLaren
Jessica Magana	Comision Nacional Bancaria y de Valores	Linda Diaz

New appointments representing existing organisations on Council, effective 1 January 2017

Name	Representing	Replacing
Abdulrahman Fahd Almosad CMA	International Association of Insurance Supervisors	Markus Grund
Dr Giuseppe Ballocchi CFA	CFA Institute	Vincent Papa
Dr Jee In Jang	Korean Accounting Standards Board	Dr Steve Lim
Olivia Larmaraud	ACTEO & MEDEF	Pascale Deprez
James Luke	EY	Danita Ostling

New appointments representing new organisations on Council, effective 1 January 2017

Name	Representing
Prof Xinyuan Chen	Shanghai University of Finance and Economics
Suresh C. Senapaty	Wipro Ltd
Dr Etty Wulandari	Indonesian Financial Services Authority

Reappointment of existing members on Council, effective 1 January 2017

Name	Representing
Roxana Damianov	European Securities and Markets Authority
Holger Daske	The International Association for Accounting Education and Research
Micheline Dionne	International Actuarial Association
Dr Jens Freiberg	BDO
Hidetake Ishihara	Nippon Keidanren
Olav Jones	Insurance Europe (European Insurance and Reinsurance Federation)
Jürgen Kirchhof	European Central Bank
Goro Kumagai	The Securities Analysts Association of Japan
Surya Subramanian	Individual
Dr Lothar Weniger	Corporate Reporting Users’ Forum (International)

Gavin Francis and Goro Kumagai, who were appointed as the Council’s Vice-Chairs in February 2015, have had their roles extended for another two years, until 31 December 2018.

Rajagopal Sankaraiah, Federation of Indian Chambers of Commerce, and Shizhong Huang, Xiamen National Accounting Institute are stepping down from the Council.

In addition to the members of the Council, the European Commission, Japan’s Financial Services Agency and the US Securities and Exchange Commission attend the Council meetings as observers.