INTERNATIONAL VALUATION
STANDARDS BOARD (IVSB)
Board Size: not less than 6 or more than 9
Principal Duties
The International Valuation Standards Board (IVSB) is responsible for the development and promulgation of a single set of high quality of international valuation standards. The IVSB is appointed and overseen by the Trustees of the IVSC. The Trustees do not have a role in respect of the work programme or content of standards of the IVSB.
Under the IVSC Bylaws the duties and responsibilities of the Board shall include but not be limited to:
- responsibility for setting the technical agenda of the IVSB.
- establish methods and procedures whereby the IVSB may issue Exposure Drafts, Invitations to Comment and like documents in order to broadly consult with experts, parties interested in valuation standards and the public at large.
- establish methods
and procedures to periodically publish the International Valuation
Standards.
- establish methods and procedures to distribute on
a timely basis, information about and/or interpretations of
the International Valuation Standards.
- consider holding public
meetings or hosting electronic forums to discuss proposed standards.
- support the work of the IVSC and promote adoption of the International
Valuation Standards.
Candidate Specifications
The IVSB is appointed and overseen by the Trustees of the IVSC. Its members are chosen on the basis on their valuation expertise, relevant experience, and ability to work in harmony towards the common objectives.
In appointing individuals, the Board of Trustees is seeking individuals who:
- are committed to achieving the Objectives of the IVSC.
- demonstrate
a high level of professional knowledge and technical competency
in the principles of valuation, valuation standards and valuation
reporting.
- concurrent with valuation acumen, offer professional
and geographical diversity
- have effective communication skills
in dealing with the public and IVSB members
- will liaise with
national standard-setters and other official bodies responsible
for domestic standard setting.
- commit to act in the public
interest.
- shall not be both a Trustee and an IVSB member at
the same time.
Successful candidates will be valuers at partner or director level with experience of valuations in more than one state or regulatory environment. The appointments demand not only a high degree of technical valuation knowledge but also a broad understanding of global financial and regulatory institutions.
While IVSC understands that not every Board member will have expert command of the English language, we require that each member will have proficiency in oral and written English sufficient to make an effective contribution to the Board.
Geographic and Professional Balance
The main qualifications for membership of the IVSC are professional competence and practical experience. However the Board of Trustees will select members so that the IVSC will comprise a group of people representing, within that group, the best available combination of technical expertise in the various valuation disciplines.
The nominating committee will also give consideration to geographic representation. The goal, as far as is possible, is to have representation from the six regions of the world: Africa-Middle East, Asia, Australasia & Oceania, Europe, Latin America & Caribbean, and North America.
Time Requirements
The IVSB currently meets three times a year. Generally two meetings are held in London and one elsewhere. In addition, there may be between 3 and 4 conference calls to discuss issues than may require more immediate Board attention or approval. Conservatively, this will amount to 60 hours per year including travel and preparation time.
Some Board members may also be appointed to serve on a Board sub-committee or working group. Board members are also expected to devote some time to acting as an ambassador for IVSC in explaining and promoting the work of IVSC through attendance at relevant regional or national meetings; speaking at conferences, etc. The time commitment for serving in these additional roles is in addition to the above estimate.
Compensation
Individuals are not compensated for serving on the IVSC.
However, Board members are reimbursed for travel and expenses associated
with attending IVSB meetings.
– Download
application (pdf) to fill in with Adobe
Reader (version 8.1.2 or later), available free
from Adobe. SAVE your changes, and email the completed application – and
any supporting documents – as attachments to mtissier@ivsc.org before
the deadline of 1 July 2011.
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IVSC
BOARDS APPLICATION PROCEDURES
– Application
Procedures
– Responsibilities & Qualifications:
• IVSC Board of Trustees
• International
Valuation Professional Board
– Application (pdf) You’ll
need the free
Adobe Reader (version 8.1.2 or later) to fill in and save your entries.
Submitting your application: DUE 1 JULY
Please email the completed application – as an attachment – to
Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
before the due date of 1 July.
Further information
If you have any questions or require further information,
please contact Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
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