THE IVSC BOARDS APPLICATION
PROCEDURES
Introduction
Outlined on this website are the qualifications, expectations
and opportunities for serving on the IVSC’s boards – the
Board of Trustees, the International Valuation Standards Board
and the International Valuation Professional Board. The IVSC has
issued these procedures in order to:
- Provide information regarding the qualifications sought for
each of the IVSC’s Boards
- Provide a completely transparent
and consistent set of objectives with respect to the selection
process for appointments to the IVSC’s
Boards
- Encourage a clear understanding of the process through
which appropriate balance in the composition of
IVSC’s
Boards
Who can apply?
Applications are invited from all suitably qualified candidates.
IVSC member bodies or other organisations with an interest in
valuation standard setting are also invited to nominate individuals
for membership of the IVSC Boards.
The application and selection process for 2008
In November 2007 the IVSC approved Bylaws to radically
restructure the organisation and transform the IVSC into a non-government,
independent standard setter with robust and open procedures for
setting, maintaining and interpreting international valuation
and reporting standards. The restructured IVSC will be operational
during 2008. An interim Board of Trustees was appointed in January
2008 to oversee the restructuring process. This interim Board
will act as the nominating committee for the members of the Board
of Trustees to be appointed in 2008. The IVSC Board of Directors
who were appointed at the November 2007 AGM to serve until the
Board of Trustees is appointed will act as the nominating
committee for the members of the International Valuation Standards
Board and International Valuation Professional Board to be appointed
in 2008.
Applications must be submitted using the on-line
form published
on the IVSC web site and must be received by 9 May 2008 at the
latest.
Board member responsibilities
The members of the IVSC Boards are central to the effective functioning
of the IVSC. To a very great extent, IVSC is dependent on the
efforts of dedicated volunteers and is indebted to them for both
their time and their commitment to the public and the profession.
Appointment as a Board member is a significant responsibility.
In accepting such appointment, the individual assumes the duties
and responsibilities of active involvement, specifically:
- Acting in the public interest and in the common interest of
the worldwide valuation profession;
- Acting as an ambassador for
IVSC in explaining and promoting the work of IVSC.
The IVSC requires that members of its Boards will demonstrate
a high level of commitment to the public interest and will in no
way be inappropriately motivated by regional interests, national
interests or special interests of any kind, whether related to
specific professional or commercial concerns (e.g. the member’s
firm or a subset of the valuation profession).
Attendance at, preparation for and active participation in all
meetings is expected of individuals appointed to IVSC Boards.
Understanding term limits
The IVSC Bylaws state that a person appointed to serve on an IVSC
Board shall be appointed for a term of three years. However in
the years 2008 and 2009 appointments will be staggered so that
approximately one-third of members rotate off the Board each
year. Therefore applicants may be appointed for a 1, 2 or 3 year
period.
Members rotating off Boards may be eligible for further reappointment.
After consultation with the Board chair concerning a member’s
contribution to the work of the Board to date, the Nominating Committee
will consider reappointment if the member indicates a willingness
to continue service.
The Best Candidate for the Position
Nominations for the Boards are reviewed in order to determine the
best candidate for a position. To the extent possible, the Nominating
Committee will also consider geographical and professional balance
on the Boards, but its primary objective is to choose the individuals
most likely to enhance the quality of the outputs of the Board.
Further Information
If you have any questions or require further information, please
contact Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
– Download
application (pdf) to fill in with the latest version of Adobe
Reader (8.1.2), available free
from Adobe. SAVE your changes,
and email the completed application as an attachment to mtissier@ivsc.org before
the deadline of 9 May 2008. |
