ISAR allows for 34 formal members to serve three-year terms. These members include nine African, seven Asian, six Latin American, three Eastern European, and nine Western European and Other States. While sessions are open to all member and observer States of UNCTAD, ISAR is seeking to strengthen the role of formal group members in the ISAR agenda-setting process.

A special meeting of formal members is conducted during its annual sessions to facilitate discussions on key issues to be addressed in ISAR sessions. Note that ISAR membership carries no financial obligation of the part of member countries or UNCTAD.

ISAR’s current members are Brazil, Cameroon, Chad, China, Colombia, Côte d’Ivoire, Ecuador, Egypt, the Gambia, Germany, Guatemala, Italy, Kazakhstan, Kenya, Kyrgyzstan, Mauritania, Mexico, Morocco, the Netherlands, Nigeria, North Macedonia, Philippines, Russian Federation, Saudi Arabia, Turkey, Ukraine, United Kingdom and United States of America.

The ISAR secretariat welcomes applications for membership from countries interested in contributing to the global conversation on corporate governance and reporting. Note that all member countries of the United Nations are able to send representatives to ISAR sessions, and that ISAR membership carries no financial obligations.