High profile role which will play a crucial part in the development of sustainability disclosure rules
The Department for Business and Trade (DBT) and the Financial Reporting Council (FRC) are seeking an influential and experienced business leader to chair the new UK Sustainability Disclosure Technical Advisory Committee (“the TAC”). The TAC will be responsible for providing recommendations to the Secretary of State for Business and Trade on endorsing the International Sustainability Standards Board’s (“ISSB”) IFRS® Sustainability Disclosure Standards (“Sustainability Disclosure Standards”) for use in the UK.
This is a high profile and influential role which will play a crucial part in the development of sustainability disclosures in the UK, attracting significant attention from the busine ss and investment community here and overseas.
The Chair is responsible for leading the TAC by determining and implementing its work agenda in accordance with the TAC’s terms of reference and any commissions from DBT. Key responsibilities:
- Acting as the lead contact for the relationship with the Secretary of State (“SoS”) and DBT.
- Agreeing TAC meeting agenda items and papers.
- Commissioning work/analysis from secretariat staff.
- Promoting discussion and bringing together the views of the TAC membership to provide recommendations to the SoS.
- Ensuring the TAC considers all criteria in its ToR when deliberating on a Sustainability Disclosure Standard, and that it has regard to any contextual information provided by DBT.
- Leading the TAC’s engagement and influencing work, in particular with companies, investors, the ISSB, other national standard setters and securities regulators.
- Coordinating ISSB engagement and influencing efforts with government and regulators where interests overlap.
We need a highly capable individual to bring forward the work of the TAC. In particular, we are looking to see evidence of:
- Experience in a leadership role within a business.
- The ability to maintain an effective Committee, encourage debate, and challenge and steward a committee to arrive at overall technical decisions.
- An understanding of the work of the ISSB.
- An understanding of the issues that may be relevant to the process for assessing whether proposed or published Sustainability Disclosure Standards would be conducive to the long-term public good in the UK.
- A working knowledge of the UK’s corporate reporting regime, including its non-financial reporting requirements, and financial reporting requirements (to the extent necessary for assessing sustainability standards).
- Prior experience of involvement in boards or committees.
- Strong intellectual qualities and sound judgement.
The role is based in London primarily with some overseas travel. Committee meetings and any in person meetings with executive staff are typically held in the London office. The FRC operates hybrid working. The role will require 78 days of commitment. The preferred start date will be March 2024, but we will be flexible for the right candidate.
The remuneration for this role is £40,000 per annum, for a time commitment of 78 days per year.
The closing date for this role is 23.59pm on Monday 15th January 2024.
The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. We very much welcome applications from women, those with disabilities and from people from black, Asian and minority ethnic communities, who we know are under-represented in non-executive roles.
The FRC is a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Applicants who require reasonable adjustments to assist them during the recruitment process may request these by contacting the recruitment consultants.
Please see the information pack to ensure you meet the eligibility criteria and the terms of employment.