UKEB Board Member Vacancies

London

£14,000 for circa 20 days per annum

The UKEB was established to serve the UK public interest, by contributing to the research and development of high-quality international accounting standards suitable for UK adoption. The UKEB is committed to upholding the high quality of IFRS accounting standards and building on the UK’s position as a leading financial centre.

The UKEB was established in March 2021 and was delegated statutory powers by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) in May 2021. Following the dissolution of BEIS in February 2023, the Secretary of State for Business and Trade now has oversight responsibility in respect of UKEB’s technical work. The Financial Reporting Council has oversight responsibility in respect of UKEB’s governance and due process procedures.

The UKEB is an independent decision-making body, guided by the key principles of accountability, independence, transparency and thought leadership. It needs to be driven by a Board which is not only technically strong, but which is credible in accounting standard-setting circles globally and is able to engage effectively with the international accounting community through its Independent Board Members. This is particularly salient in a potentially uncertain economic environment, as is the ability to promote the UK’s views and interests in a global sphere with clarity, integrity and commitment.

We are seeking three Board members to complement the skill set of the Board either with experience as an investor or economist or with an accounting firm background.

• Investor/ User: Contributions from investors and other users of accounts are essential to ensuring that the Board develops a clear understanding of the impact of IFRS from a user perspective, including as part of its broader consideration of the UK public good. Their contribution is also important in supporting the Board in the setting of its strategic direction and thought leadership activity.
• Economist: Proven professional experience as an economist, either in investment or accountancy, with the ability to provide input to the UKEB’s impact assessment work and add value to the Board’s understanding of the UK public good as part of its decision-making process.
• Accounting Firm Background: Candidates should bring in-depth specialist accounting knowledge and experience in relation to IFRS. Their contribution is particularly important in supporting the Board’s assessment of complex technical accounting matters and their potential impact in respect of the UK public good.

Board members will act in the UK public interest, independently of their organisations. However, they will be expected to inform the Board of their organisation’s views, and the reasons for these views, in order to inform debate.

For further information, including the Candidate Brief (role description, selection criteria and details of how to apply), please see the documents below.

Application closing date: 2 December 2024

Board members are subject to the Cabinet Office’s Code of Conduct for Board Members of Public Bodies and the requirement to understand and comply with these principles underpins this process.

https://www.gov.uk/government/publications/board-members-of-public-bodies-code-of-conduct