This nomination is a first for the Alliance which will now have permanent representation within the Council. Dame Pauline Green expressed her satisfaction with this important achievement for the cooperative movement and wanted to thank the Monique F. Leroux and the IARAC committee members for their efforts.

The IFRS mission is to develop International Financial Reporting Standards that bring transparency, accountability and efficiency to financial markets around the world. The IFRS Advisory Council is the formal advisory body to the IASB and consists of a wide range of representatives from groups including investors, financial analysts and other users of financial statements, as well as regulators. 43 organisations from across the world are represented on the Advisory Council.