Sunday 19 January 2020

THE NOMINATIONS PROCESS

The Nominating Committee identifies and recommends candidates with the best qualifications to fill a variety of volunteer roles. These roles include the president, deputy president, members of the IFAC Board; and chairs, deputy chairs, and members of the IFAC committees, as well as members of the PIACs.

Nominations for the independent standard-setting boards may be submitted by all stakeholders, including international organizations, governmental agencies, self-nominations by the general public, as well as IFAC member bodies and the Forum of Firms. Nominations for the IFAC Board, CAP, and IFAC committees may be submitted by IFAC member bodies only.

The PIOB has the right to observe and speak at Nominating Committee meetings in which these recommendations are developed.

In addition to the best candidate for the job, the Nominating Committee seeks a broad regional and professional representation, gender balance, and candidates from countries with different levels of economic development.

The quality and public interest mindedness of PIAC members are, ultimately, the most critical elements ensuring the responsiveness of standard setting to the public interest. The PIOB follows very closely the process through which candidates are searched and selected for nominations, and is present during some candidates' interviews. PIOB oversight activity on nominations to the PIACs follows the phases shown in the following graphic:

NOVEMBER

PHASE: Review notice of call for nominations for next year, for IFAC Board approval

PIOB OVERSIGHT ACTIVITY: PIOB is consulted; no PIOB approval is required

JANUARY

PHASE: IFAC publication of call for nominations (IFAC website and The Economist)

PIOB OVERSIGHT ACTIVITY: None

JANUARY - MARCH

PHASE: Receive curriculum vitas from candidates; most candidates are nominated by nominating organizations.

PIOB OVERSIGHT ACTIVITY: None

MARCH

PHASE: NOMINATING COMMITEE MEETING
Discuss outcomes of the performance program and identify candidates for reappointment to the boards and committees.

PIOB OVERSIGHT ACTIVITY: PIOB direct observation

APRIL

PHASE: NOMINATING COMMITEE MEETING
Review nominations received, select candidates for interviews, and agree on interview schedule

PIOB OVERSIGHT ACTIVITY: PIOB direct observation

APRIL - JUNE

PHASE: Conduct interviews carried out by Nominating Committee members

PIOB OVERSIGHT ACTIVITY: None

JUNE

PHASE: NOMINATING COMMITEE MEETING
Receive report on interviews carried out during the April-June period. Discuss outcome of interviews. Conduct in-person interviews

PIOB OVERSIGHT ACTIVITY: PIOB direct observation

JULY

PHASE: NOMINATING COMMITEE MEETING
Finalize any remaining interviews and develop final list of recommendations to be approved by IFAC Board.

PIOB OVERSIGHT ACTIVITY: PIOB direct observation

SEPTEMBER

PHASE: Recommendations made to the IFAC Board for approval

PIOB OVERSIGHT ACTIVITY: None

NOVEMBER

PHASE: PIOB approval

PIOB OVERSIGHT ACTIVITY: PIOB deliberation and decision