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.
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