IVSC BOARD OF TRUSTEES
Board Size: not less than 6 or more than 11
Principal Duties
The Board of Trustees will be comprised of individuals from around the world who are highly respected both inside and outside the valuation profession and who have signed a declaration to act with integrity and in the public interest. The Board is responsible for ensuring the financial viability of the IVSC as well as the prudent and proactive management of its operations. It does not have a role in respect of the work programme or content of standards of the independent technical Boards.
Under the IVSC Bylaws the duties and responsibilities of the Board
shall include but not be limited to:
- Ensuring the financial viability of the IVSC;
- Review of the IVSC strategic plan and its effectiveness;
- Annual review of the IVSC budget and securing commensurate funding;
- Review of strategic issues affecting valuation standards. Trustees are excluded however from all technical matters related to the International Valuation Standards;
- Appointment of individuals to the International Valuation Standards Board;
- Appointment of individuals to the International Valuation Professional Board;
- Oversight and appointment of individuals to all Committees;
- Review of membership applications and the putting forward of recommendations to the International Valuation Standards Council on membership applications, suspensions or expulsions; and
- Distributing annually a report on the activities of the IVSC including audited financial statements
- Promote the goals, objectives and work of the IVSC
Candidate Specifications
In appointing the Trustees, the Nominating Committee is seeking
individuals who:
- are committed to achieving the objectives of the IVSC;
- have a global perspective and understanding of how the IVSC can best operate in the world economy, business and financial reporting environments;
- have a demonstrated ability to analyze issues and formulate strategic initiatives to be undertaken by the IVSC;
- possess integrity and objectivity in order to render
impartial, reasoned decisions and policy;
- have effective communication
skills in dealing with the public and IVSC Members;
- are drawn
from geographically diverse areas.
Qualified candidates should have experience as a senior professional or executive in an organisation with interest in valuation standard-setting, preferably with international experience or exposure.
While IVSC understands that not every Board member will have expert command of the English language, it is desirable that each member has proficiency in oral and written English sufficient to make an effective contribution to the Board. However, the IVSC will make exceptions in the case of extremely well qualified candidates or if an appointment is necessary to ensure appropriate geographic representation. In such cases, the member appointed will be responsible for making his/her own arrangements for translation.
Geographic Balance
Although the nominating committee will seek to ensure that the best candidates are appointed to the Board of Trustees, consideration will also be given 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 Board of Trustees currently meets three times a year. In addition, there may be between 3 and 4 conference calls to discuss, as they arise, issues than may require more immediate Board attention or approval. Conservatively, this will amount to 60 hours per year excluding travel and preparation time.
Some Trustees may also be appointed to serve on a Board sub-committee or working group. Trustees 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 Board of Trustees. However, Trustees are reimbursed for travel and expenses associated with attending IVSC scheduled 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. |
IVSC
BOARDS APPLICATION PROCEDURES
– Application Procedures
– Responsibilities & Qualifications:
• International Valuation Professional Board
• International
Valuation Standards Board (IVSB)
– 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.
More information
If you have any questions or require further information,
please contact Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
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