The Council currently includes 15 Members from the academic community, and 3 Associate members from the financial sector. The members are chosen based on their area of expertise and academic record. Close attention is given to have various schools of thought and a wide range of opinions represented. None of the Members (but the chairperson) receives any allowance for writing Notes and attending the bi-monthly meetings. The opinions expressed in the Notes are those of their authors and do not represent the view of the Council as a whole.