IVSC BOARD OF TRUSTEES
Board Size: not less than 6 or more than 15
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 standard setting 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 as described
herein;
- 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
In its first year of operation, it is anticipated that the Board
of Trustees will meet twice. 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 in excess of 50 hours per year including
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 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. |
IVSC
BOARDS APPLICATION PROCEDURES
– Application Procedures
– Responsibilities & Qualifications:
> IVSC Board of Trustees
• International Valuation Standards Board
• International Valuation Professional Board
– Application (pdf) You’ll
need the latest version of the free
Adobe Reader (8.1.2) to fill in and save your entries.
Submitting your application: due 9 May 2008
Please email the completed application – as an attachment – to
Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
before the due date of 9 May 2008.
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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