IVSC
PROFESSIONAL BOARD
Board Size: not less than 6 or more than 9
Principal Duties
The IVSC is the global organisation for the valuation profession. The IVSC Professional Board works under the umbrella of the IVSC to protect the public interest by encouraging high quality practices by the world's valuers, promoting strong ethical values, and supporting the development of all sectors of the profession around the world.
The Professional Board is appointed and overseen by the IVSC Board of Trustees. The Board of Trustees does not have a role in respect of the work programme of the Professional Board.
Under the IVSC Bylaws the duties and responsibilities of the Board shall include but not be limited to:
- foster and review the development of educational programmes
and materials that are consistent with the IVSC Objectives;
- develop
a multi discipline international Body of Knowledge;
- develop
a set of international valuation Best Practices; and
- support
the work of the IVSC and promote education and training relative
to International Valuation Standards.
Candidate Specifications
The Professional Board 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 understanding relative
to valuation practice, education of and programmes available
to valuers, best practices and the valuation body of knowledge;
- have effective communication skills in dealing with the public
and Professional Board members;
- commit to act in the public interest.
Successful candidates are likely to 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 serving on the Professional Board are professional competence and practical experience. However the Board of Trustees will select members so that the Professional Board 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 Professional Board 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 in 60 hours per year excluding 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 Professional Board. However, Board members are reimbursed for travel and expenses associated with attending Professional Board 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. |
