🌟Merran Kelsall AO Takes the Helm at IFRS Advisory Council

Acclara AI•February 18, 2025

Merran Kelsall AO has been appointed as the new Chair of the IFRS Advisory Council, succeeding Bill Coen. With an impressive track record in corporate governance, Kelsall is set to bring valuable insights to the table.

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Key Points

•👩‍💼 New Leadership: Merran Kelsall AO steps in as Chair after Bill Coen's five-year term.
•🌍 Global Impact: The Advisory Council includes around 50 members from international organizations.
•📊 Deep Expertise: Kelsall has over 25 years of board-level experience in governance, finance, and audit.
•🏅 Highly Acclaimed: She is an Officer of the Order of Australia and a Life Fellow of the Australian Institute of Company Directors.
•⏳ Term Length: Kelsall’s appointment is for a three-year term.

🎤 The Big Announcement

The IFRS Foundation Trustees have officially appointed Merran Kelsall AO as the Chair of the IFRS Advisory Council, effective immediately. She takes over from Bill Coen, who has been at the helm for the past five years. The Advisory Council, which includes about 50 members from various international organizations, plays a crucial role in providing strategic advice to the IFRS Foundation Trustees, the International Accounting Standards Board (IASB), and the International Sustainability Standards Board (ISSB).

🌟 Kelsall’s Impressive Background

Merran Kelsall brings a wealth of experience to her new role. She is an independent non-executive director with over 25 years of board-level experience in both the public and private sectors. Her expertise spans corporate governance, finance, audit, risk, and compliance. Currently, she serves on the Nominating Committee of the International Federation of Accountants (IFAC). Previously, she was the President and Chair of CPA Australia, a member of the Accounting for Sustainability (A4S) Advisory Council, Chair and CEO of the Australian Auditing and Assurance Standards Board, and a member of the International Auditing and Assurance Standards Board (IAASB).

🏅 Accolades and Achievements

Kelsall’s contributions to the field have not gone unnoticed. She has been appointed as an Officer of the Order of Australia (AO), recognized as a Life Fellow of the Australian Institute of Company Directors, and inducted into the Australian Accounting Hall of Fame. She holds an MBA from Melbourne University. Her appointment as Chair of the IFRS Advisory Council is for a three-year term.

💬 What They’re Saying

“I am pleased to welcome Merran as Chair of the Advisory Council; she will bring valuable skills and experience to the group. I would also like to thank Bill Coen for his contributions and dedication as Chair over the past five years, leading the Advisory Council in providing valuable strategic advice through a transformative time at the Foundation.” - Erkki Liikanen, Chair of the IFRS Foundation Trustees.

“I am delighted to take on the role as Chair of the Advisory Council and look forward to working with the other members in supporting the IFRS Foundation’s mission to bring transparency, accountability, and efficiency to the capital markets around the world.” - Merran Kelsall.