Skip to main content

Call for members—Capital Markets Advisory Committee


Call for members—Capital Markets Advisory Committee

Background

The Capital Markets Advisory Committee (CMAC) is currently seeking new candidates to join the CMAC from 1 January 2019 for a term of three years, renewable once for a further three years. The CMAC welcomes applications from analysts and investors from all over the world. 

What is the CMAC? 

The CMAC is an independent advisory body established with the specific aim of providing regular input from an international community of users of financial statements to the International Accounting Standards Board (Board). The Board develops IFRS® Standards, which are required for use by companies in more than 100 countries, including two-thirds of the G20.
The purpose of the CMAC is to represent to the Board the perspectives of professional capital market participants who are users of financial reporting information, such as analysts, investors and ratings agencies. It seeks to be broadly representative of both industries and geographic regions to offer articulate reasoned and diversified viewpoints. Specifically, the CMAC:
  • provides advice and input on the standard-setting agenda and on present and future standards projects;
  • provides feedback on the way in which investors use other information that may bear on the application of financial reporting information; and
  • alerts the Board to reporting practice issues and potential areas for improvement.
Members of the CMAC serve on a voluntary, unpaid basis, and are responsible for their own travel and accommodation costs when attending meetings. For further information, read the CMAC charter.
All CMAC meetings are held in public and recorded. The recordings are available here.

Who are the members of the CMAC?

The CMAC consists of up to 20 members with extensive practical experience in analysing financial information. They do not represent the views and interests of their affiliations, except where explicitly stated. The latest list of CMAC members is available here.

What is the time commitment for CMAC members? 

CMAC meets with Board representatives during its one-day meetings that take place three times a year at the IASB offices in London; members are expected to attend the majority of the meetings in person. Members receive meeting papers for review in advance of each meeting.

Candidates for membership

Members are drawn from a variety of industry and geographical backgrounds and are selected by the CMAC on the merits of their professional competence as capital market participants using financial reporting information and their ability to represent capital market participants' views.

Application process

Please indicate your interest by emailing the Investor Team by 31 July, including a cover letter and brief curriculum vitae.
Any personal data supplied to the IFRS Foundation by you will only be used for this application process for CMAC Candidate selection. The IFRS Foundation will retain such data no longer than is necessary for that purpose, and in accordance with its data retention policy and all applicable data protection laws. If you have any questions in relation to the above please contact Jen McFaul, Investor Engagement Executive.
Labels:

Comments

Post a Comment

Popular posts from this blog

Bond Listing

FMDQ OTC Securities Exchange provides an efficient platform for registration, listing, quotation and valuation of bonds. FMDQ through its trading and surveillance systems and and the publication of FMDQ Daily Quotations List has empowered the Nigerian sovereign bonds and other classes of bonds with price discovery, transparency and market integrity. Bonds listed and admitted on FMDQ are traded by its Dealing Members some of which act as primary dealers to the sovereign domestic bonds. FMDQ Dealing Members act as market makers to the Nigerian sovereign bonds and some other classes of bonds thereby providing trading liquidity to the Nigerian bond market. The OTC securities exchange is responsible for circa 100% of bonds traded in Nigeria. As part of its mandate to provide exceptional levels of information transparency, FMDQ provides continuous disclosure of relevant information on fixed income issues listed on its platform. This information includes amongst others – issue siz...
Post a Comment
Explore more »

Funds Listing

As a debt capital-focused securities exchange, FMDQ also provides a robust platform for the listing of Mutual and Exchange Traded Funds. Mutual Funds   are investment vehicles operated by money managers, which typically pools funds from investors for the purpose of investing the funds in securities such as stocks, bonds, and money market instruments. They are also classified according to the types of securities invested in. Fixed Income Mutual Funds, which are focused primarily on investments in government and corporate bonds; and Money Market Mutual Funds (or Money Market Funds) which are focused on investments in short-term debt securities such as treasury bills and commercial papers, are permitted for listing and trading on FMDQ, in line with the provisions of the FMDQ Bond Listing and Quotation Rules. Exchange Traded Funds (ETFs)   are marketable securities that track an index, a commodity, bond, or a basket of assets. Unlike mutual funds, ETFs are traded on an exc...
Post a Comment
Explore more »

Dealing with the in-year budget challenge: a risk based approach

Previous articles I have posted on Room 151 have dealt with strategies and behaviours that local authorities can apply in setting their budgets; but this is only part of the challenge.  Setting a budget is one thing but achieving delivery is where the real hard work comes in. If organisations are to achieve success in their financial management, budget setting needs to be realistic rather than aspiring and there also needs to be a strategy for in-year delivery. When budgets are set, overspending is a key risk and some public-sector organisations struggle to balance the books in-year. Trying to keep in-year spend within budget across organisations can be a herculean task and addressing all elements of a budget of £200m or more, may not get the desired result.   To achieve a successful outcome you may consider a risk-based approach that focuses on areas most likely to overspend. This is not to say that rigour must not be applied to all areas of spend through the stan...
Post a Comment
Explore more »