Our structure and member organisations

EFRAG has a tiered governance structure, where EFRAG Reporting Boards and EFRAG Reporting Technical Working Groups focus on technical activities. These groups are governed and overseen by EFRAG Administrative Board who in turn is accountable to EFRAG General Assembly.

EFRAG Reporting TEG establishes Working Groups (expert working groups, advisory panels and panels) to support its work in order to obtain advice from experts in relation to a particular area or aspect of corporate reporting.

Role of the EFRAG General Assembly

Alongside fulfilling the legal requirements under the Belgian law for international associations and deciding over the statutes, internal rules and membership of EFRAG, the EFRAG General Assembly is in charge of:

  • Approving the financial statements and the budget of next year.
  • Appointing the President, Vice-President and members of the EFRAG Administrative Board.
  • Appointing the Chairs, Vice-Chairs and members of the EFRAG Financial Reporting Board and the EFRAG Sustainability Reporting Board. The Chairs of the EFRAG Financial Reporting Board and the EFRAG Sustainability Reporting Board are nominated by the European Commission after having heard the Council of the European Union and the European Parliament.
  • Providing a Discussion Forum for EFRAG Member Organisations to debate on strategy and broader orientations.
  • Exercising general oversight over the EFRAG Administrative Board. Please refer to the legal section for the comprehensive texts of the EFRAG by-laws (Statutes and Internal Rules).

Composition of the General Assembly

EFRAG’s activities are organised in two pillars:

  • A Financial Reporting Pillar which contributes to the IASB’s standard-setting process by providing European views, including through proactive research activities, and provides technical advice to the European Commission on the endorsement of IFRS Standards; and
  • A Sustainability Reporting Pillar which provides technical advice to the European Commission in the form of draft EU Sustainability Reporting Standards and/or draft amendments to EU Sustainability Reporting Standards.

The EFRAG General Assembly is composed of all EFRAG Member Organisations. Current membership of EFRAG is detailed below:

EFRAG General Assembly Nominating Committee

The EFRAG General Assembly Nominating Committee assists the EFRAG General Assembly in fulfilling its responsibility for appointing members of EFRAG Administrative Board and facilitates and coordinates the nomination process of the EFRAG Administrative Board. The composition of the Committee is as follows:

  • Benoit Jaspar, EFRAG Administrative Board President - Chair
  • Matis Joab (BETTER FINANCE)
  • Olav Jones (Insurance Europe)
  • Sven Morich (ASCG)
  • Pedro Oliveira (BusinessEurope)
  • Nina Schindler (EACB)
  • Goran Tidström (Swedish Association for Generally Accepted Principles in the Securities Market)
  • Nadine Wiedermann- Ondrej (Austrian Group of Standard Setters)

Financial Reporting Pillar Member Organisations

European Stakeholder Organisations

​Accountancy Europe

BusinessEurope

European Business Federation

EACB

European Association of Co-operative Banks

EBF

​European Banking Federation

WSBI ESBG

ESBG​

European Savings and Retail Banking Group

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EFAA

​European Federation of Accountants and Auditors for SMEs

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​EFFAS

​European Federation of Financial Analysts Societies

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​Insurance Europe

​European Insurance Federation

Financial Reporting Pillar Member Organisations

National Organisations (countries)

​Austria

​Austrian Group of Standard Setters

Belgium

​Commission des Normes Comptables/Commissie voor boekhoudkundige normen (CNC/CBN)

​Denmark

Grouping of five Danish organisations

France

​Autorité des Normes comptables (ANC)

Germany

​Accounting Standards Committee of Germany (ASCG)

​Italy

​Organismo Italiano di Contabilità (OIC)

​Luxembourg

Commission des Normes comptables (CNC)

The Netherlands

​Dutch Accounting Standards Board (DASB)

​Spain

​Instituto de Contabilidad y Auditoria de Cuentas (ICAC)

​Sweden

​The Association for Generally Accepted Principles in the Securities Market

Sustainability Reporting Pillar Member Organisations

European Stakeholder Organisations

AE

​Accountancy Europe

BE

​BusinessEurope

​European Business Federation

EI

​EuropeanIssuers

EACB

​EACB

​European Association of Co-operative Banks

EBF

​EBF

​European Banking Federation

ESBG

​ESBG

​European Savings and Retail Banking Group

EFAA

EFAA

​European Federation of Accountants and Auditors for SMEs​

EFFAS

EFFAS

​European Federation of Financial Analysts Societies

efama

​EFAMA

​European Fund and Asset Management Association

EUROSIF

EUROSIF

​European Sustainable Investment Forum

ie

​Insurance Europe

​European Insurance Federation

Sustainability Reporting Pillar Member Organisations

National Organisations (countries)

afrac

​Austria

Austrian Group of Standard Setters

dk

Denmark

Grouping of five Danish organisations

ANC

France

Autorité des Normes comptables (ANC)

DRSC

Germany

Accounting Standards Committee of Germany (ASCG)

oic

Italy

​Organismo Italiano di Contabilità (OIC)

cnc

Luxembourg

Commission des Normes comptables (CNC)

RJ

The Netherlands

Dutch Accounting Standards Board (DASB)

icac

Spain

​Instituto de Contabilidad y Auditoria de Cuentas (ICAC)

GODSED

​Sweden

The Association for Generally Accepted Principles in the Securities Market

Friends of EFRAG

EFRAG introduces the Friends of EFRAG whereby entities can give their individual support to EFRAG’s mission and support EFRAG’s reporting activities.

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​Angela Impact Economy

Friend of EFRAG - Sustainability reporting

WBCSD

World Business Council for Sustainable Development

Friend of EFRAG - Sustainability reporting

osapiens

osapiens

Friend of EFRAG - Sustainability reporting

sibs

SIBS

Friend of EFRAG - Sustainability reporting

Greenomy

Greenomy

Friend of EFRAG - Sustainability reporting

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​GSES System

Friend of EFRAG - Sustainability reporting

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​Karbonpath

Friend of EFRAG - Sustainability reporting

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​CSRD Auditor

Friend of EFRAG - Sustainability reporting

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Baker Hughes

Friend of EFRAG - Sustainability reporting

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Code Gaia

Friend of EFRAG - Sustainability reporting

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CLEERIT

Friend of EFRAG - Sustainability reporting

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ROSE Framework

Friend of EFRAG - Sustainability reporting

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IntegrityNext

Friend of EFRAG - Sustainability reporting

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Watershed

Friend of EFRAG - Sustainability reporting

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SustainSoft

Friend of EFRAG - Sustainability reporting

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Atlas Metrics

Friend of EFRAG - Sustainability reporting

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Boston Consulting Group

Friend of EFRAG - Sustainability reporting

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Brightest

Friend of EFRAG - Sustainability reporting

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ClimateSeed

Friend of EFRAG - Sustainability reporting

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Ecobio

Friend of EFRAG - Sustainability reporting

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Ecocharting

Friend of EFRAG - Sustainability reporting

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Lucanet

Friend of EFRAG - Sustainability reporting

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Nordic Sustainability

Friend of EFRAG - Sustainability reporting

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Novata

Friend of EFRAG - Sustainability reporting

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Sunhat

Friend of EFRAG - Sustainability reporting

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SWEEP

Friend of EFRAG - Sustainability reporting

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Position Green

Friend of EFRAG - Sustainability reporting