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Corporate Disclosure Policy Council

The Corporate Disclosure Policy Council (CDPC) addresses issues affecting the quality of financial reporting and disclosure worldwide. Our members include investment professionals with extensive expertise in global capital markets who work with the Financial Reporting Policy Group staff. The council works to meet the needs of investors and creditors by promoting one set of high-quality global financial reporting standards. Such efforts include:

  • Contributing to research and position papers, including the Comprehensive Business Reporting Model
  • Supporting the joint project on financial statement presentation
  • Working to improve the accessibility and deliverability of financial information through XBRL

Brian Gibson CFA


Member of CFA Society Toronto

Brian Gibson has 40 years of experience as an investment manager of increasingly larger organizations. He has also served as a director of various private and public companies. Mr. Gibson began his investment career in 1977 and, after several years of increasing responsibility as an institutional investment manager, he joined the Ontario Teachers' Pension Plan in 1995 as a senior equity portfolio manager. At Ontario Teachers, Mr. Gibson was promoted to Senior Vice President, Equities with a mandate to build what became a highly successful in-house global equity investment program. Mr. Gibson joined Alberta Investment Management Corp. as Senior Vice President, Equities and Hedge Funds in late 2008. AIMCo had just been privatized. Mr. Gibson’s mandate was to build an in-house, private sector investment team to redeploy about $25 billion of assets into strategies that would provide better risk adjusted returns. Mr. Gibson retired in June 2012.

Beginning in the 1990's, Mr. Gibson became involved in various corporate governance initiatives. He developed the first set of Corporate Governance Guidelines for the Ontario Teachers' Pension Plan; helped to found the Canadian Coalition of Good Governance; and was a founder of the Directors' Education Program, operated by the Institute of Corporate Directors. Over the years, Mr. Gibson has actively engaged with a number of public companies on how they could improve their governance standards. Mr. Gibson was a pioneer in Canada of the concept of "relationship" investing. Under this investment approach, meaningful ownership stakes are acquired in carefully researched public companies. The investment team then works with the companies to improve their performance and long-term value in ways that are sustainable. These investments consistently provided returns that are comparable to the best private equity returns, but without using additional financial leverage.

Over the years, Mr. Gibson has spoken at many industry conferences and made presentations to regulators on a variety of investment, accounting and governance related topics. Mr. Gibson has served as a director of a variety of public companies, including Westjet Airlines, McDonald, Dettwiler and Viterra. He is presently a Director of Precision Drilling Corporation and an Advisory Board Member of Kruger Inc. He is a member of the Corporate Disclosure Policy Committee of the CFA Institute. Mr. Gibson has an MBA from the University of Toronto (1988), is a Chartered Financial Analyst (1982), holds the ICD.D designation awarded for completing the Directors' Education Program, and continues to be a member of the Institute of Corporate Directors and the National Association of Corporate Directors. He has taken a number of advanced management courses at both Harvard University and the Massachusetts Institute of Technology, and he is a graduate of the Leadership Program at Queen's University.

Mr. Gibson enjoys a variety of outdoor activities, and has long involvement in a variety of charitable activities. He lives in Port Credit, Ontario.

Bryan Esterly CFA

As Director of Research – Standards, Bryan Esterly guides the Research Staff’s development of the 77 SASB industry-specific standards, including collaborating with Standards Board in its reviews and approvals of the standards. His role is centered on supporting the staff’s research and engagements with industry and investors in order to that drive the standardization of financially material sustainability information in corporate reporting for investors. Prior to SASB, Mr. Esterly worked in the financial risk management industry, most recently serving as Vice President with Aon’s Financial Services Group.

Bakul Rajendraprasad Gadia CFA

Member of CFA Society India

Bakul is a principal consultant with Capco. She works on transformation projects within the Financial Services domain. Prior to Capco, she has worked with Accenture, Morgan Stanley, Electronic Data Systems, and Bombay Stock Exchange.

Bakul is an associate member of the Institute of Chartered Accountants of India and a CFA® charterholder.

Pranav Rajendra Ghai

Pranav is the co-founder and CEO of Calcbench, where he manages day-to-day activities. Pranav has a background in applied mathematics. He brings more than two decades experience as an analyst at TIAA and ITG, and at Calcbench. In addition, Pranav was a vice president for ModelWare and Quantitative & Derivative Strategies at Morgan Stanley. He is a Board member of XBRL–U.S., is on the Technical Computing Advisory Board for Microsoft and is a member of the CFA Institute’s Corporate Disclosure Policy Council (“CDPC”) which addresses issues affecting the quality of financial reporting and disclosure worldwide.

Pranav holds a B.S. from Bates College and an M.S. from New York University.

Robert Huth CFA

Member of CFA Society Perth

Rob is a partner within the Public Equities team at Viburnum Funds where he helps manage the VF Strategic Equities Fund (Small Cap Activist Fund). Prior to joining Viburnum Funds in 2011 he was a senior investment analyst at CP2 (Global Infrastructure Fund) where he worked on numerous Infrastructure investments, including the successful A$2.1bn consortium bid for ConnectEast (Melbourne Toll Road). In his 15yr+ career Rob has also held roles as partner/analyst for Pegasus Securities (independent institutional equity research), portfolio manager/analyst for Attunga Capital (hedge fund manager) and as an equity analyst for both State One Capital Group and Oasis Asset Management (global fund manager).

Rob holds a Bachelor of Business Science (Finance Hons) from the University of Cape Town and is a CFA charterholder. Rob is President of CFA Society Perth and has been a Director since 2013. Rob has also been a member of CFA Institute’s Corporate Disclosure Policy Council since 2014.

Vahan Janjigian PhD, CFA

Vahan Janjigian, Ph.D., CFA is an economist, investment strategist, equity analyst, portfolio manager, lecturer, and author. He was ranked by Hulbert Interactive as the top stock picker for many time periods. He currently serves as chief investment officer at Greenwich Wealth Management, LLC, an SEC registered investment advisor where he manages portfolios for clients in separate accounts with a focus on U.S. stocks and ETFs. He previously served on the finance faculties at several universities and recently taught a course on equity analysis and investment management to business executives in New York City and Singapore. His academic research has been published in numerous scholarly and professional journals, including the Financial Analysts Journal. He also authored an investment column in Forbes magazine and published many articles at several investment-focused websites. Vahan is also the author of Even Buffett Isn’t Perfect, published by Penguin, and co-author of The Forbes/CFA Institute Investment Course published by Wiley. Vahan also serves as a frequent commentator on television and radio.

Jeffrey P. Mahoney JD

General Counsel, Council of Institutional Investors

Jeffrey P. Mahoney joined the Council of Institutional Investors as general counsel in 2006. His responsibilities include advocating the Council’s membership-approved policies before standard setters, regulators, members of Congress, and other policy makers. Prior to joining the Council, Mahoney was counsel to the chairman of the Financial Accounting Standards Board. From 1996-2006, he advised FASB and its parent entity, the Financial Accounting Foundation, on a variety of research, technical and administrative matters, and was primarily responsible for FASB’s Washington, D.C. liaison activities. Prior to joining FASB, Mahoney was a corporate securities lawyer at Morgan, Lewis & Bockius LLP; a law clerk to the Honorable James G. Exum Jr., chief justice of the North Carolina Supreme Court; and an auditor at Arthur Andersen LLP. Mahoney holds a J.D. degree, served on the North Carolina Law Review, and was named to the Order of the Coif. He also holds a B.B.A. degree and an A.A. degree. Mahoney is a member of the District of Columbia and North Carolina Bar Associations and is admitted and qualified to practice before the U.S. Court of Appeals for the Seventh Circuit. He also is a certified public accountant in North Carolina and Michigan, a member of the American Institute of Certified Public Accountants, and a Chartered Global Management Accountant.

Shiva Rajgopal PhD

Shiva Rajgopal is the Kester and Byrnes Professor of Accounting and Auditing at the Graduate School of Business, Columbia University. He is the incoming vice dean for research at the Columbia Business School. He is the recipient of the 2006 and 2016 American Accounting Association (AAA) Notable Contribution to the Literature award, the 2006 Best Paper award from Financial Accounting Research Section of the AAA, and the 2006 and 2016 Graham and Dodd Scroll Prize given by the Financial Analysts Journal. Professor Rajgopal is also the recipient of the 2008, 2012 and 2015 Glen McLaughlin Award for Research in Accounting Ethics. He is the departmental editor of the accounting track of management science and an associate editor at the Journal of Accounting and Economics. Professor Rajgopal is widely published in finance and accounting journals. His research is frequently cited in the popular press, including The Wall Street Journal, The New York Times, Bloomberg, Fortune, Forbes, Financial Times, Business Week, and The Economist.

John Turner

John is the CEO of XBRL International, the standards development organisation behind XBRL, the business reporting standard. XBRL International works to enhance transparency and accountability in business performance by developing and promoting its freely licensed global data exchange specifications in the public interest.

Mr. Turner has previously served as the CEO of CoreFiling, a leading XBRL vendor, led the XBRL activities of KPMG International LLP and ran the first regulatory project to utilise XBRL for data collection, leading the data collection and analysis reengineering efforts at APRA, the Australian financial regulator. He is a passionate advocate for the pragmatic use of standards to enhance reporting and with the staff of XBRL International works with the consortium's members and leading regulators around the world to this end.

Turner holds a BA/LLB from the University of Queensland where, in addition to a law degree, he majored in computer science and government. Now based in Oxford in the UK, he works in his current role with regulators, policy makers, standards setters, financial institutions, financial analysts, and the accounting profession from around the world to improve business reporting to the benefit of a wide range of users.

Adam D. Ward CFA

Member of CFA Society United Kingdom

Adam Ward is a portfolio manager and vice president in Dimensional’s London office and has over 25 years of experience. Adam manages both developed and emerging markets equity portfolios (including core and targeted value strategies) and has a particular focus on Dimensional’s sustainability equity strategies, having launched the Global Sustainability Core Equity Fund in 2013.

Adam joined Dimensional in 2011, having previously worked in a variety of roles at AXA Rosenberg, most recently as the company’s European deputy CIO. In this role, Adam had specific portfolio management responsibilities, oversaw the trading, portfolio management, and operations teams, and was a member of AXA Rosenberg’s investment committee.

Adam began his career in 1994 in Adelaide, Australia, in the KPMG graduate program. He is a CFA® Charterholder, a Chartered Accountant with the Institute of Chartered Accountants in Australia, and a Fellow of the Financial Services Institute of Australasia, having received his Bachelor of Commerce from the University of Queensland in Australia in 1993.


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