IASB announces membership of Consultative Group for rate regulation

 29 April 2013

The International Accounting Standards Board (IASB) today announced membership of a new consultative group for its Rate-regulated Activities research project. 

The IASB has established the group to help in its project on rate regulation by providing a variety of expert perspectives, including those of preparers, auditors and users of financial statements, and regulators.  The group consists of senior professionals with extensive practical experience in the operation of a variety of rate-regulatory schemes.  The members and official observers are listed below.

Name Organisation Country
Jacob Buys Eskom Holdings SOC Ltd South Africa
Leonardo George de Magalhães Companhia Energética de Minas Gerais (Cemig) Brazil
Richard McCabe AltaLink Management Ltd Canada
Tim Murray RBC Capital Markets, Royal Bank of Canada Canada
Michel Picard KPMG Canada
Duane DesParte Exelon Corporation USA
Sherman Myers Standard & Poor's USA
John Leotta Deloitte Touche Tohmatsu Australia
Poon Man Wah CLP Power Hong Kong Limited Hong Kong
Keyman Kim Korea Gas Corporation (KOGAS) Korea
Pascale Mourvillier GDF SUEZ France
Lily Ayalon Government Companies Authority Israel
Jesús Herranz Lumbreras Ferrovial SA Spain
Dennis Deutmeyer Ernst & Young United Kingdom
Michael Timar PricewaterhouseCoopers United Kingdom

Official observers:

Bryan Craig, US Federal Energy Regulatory Commission (FERC)

Karen Taylor, Ontario Securities Commission (OSC)

European Financial Reporting Advisory Group (EFRAG)

The IASB greatly appreciates the wide interest in the project, as shown by the large number of applications to join the consultative group.  The IASB was constrained in the selection of group members by the need to keep the group small enough to work effectively.  However, it encourages other interested parties to register as observers at consultative group meetings, which will be open to the public, and to share their thoughts and concerns throughout the consultative stages of the project.