IVSC MEMBERSHIP CRITERIA
(1) Any entity from one of the following categories may apply
to the Board of Trustees for membership of the International Valuation
Standards Council:
- Valuation Professional Organizations – which
shall include valuation professional organizations recognized either
by legal decree or general consensus;
- Associate Valuation
Organizations – which shall include organizations at an earlier
stage of their development but structured so as to achieve Valuation
Professional Organization status;
- Corporate Members – which
shall include valuation companies and companies having an interest
in valuation;
- Client Members – which are entities with an
interest in valuation standards and which secure or use valuation
services to include but not be limited to lenders, accountants,
insurers, asset managers, investment bankers, and others;
- Institutional
Members – which are not-for-profit entities to include but not
be limited to government agencies and regulators; and
- Academic
Members – which shall include but not be limited to universities,
colleges, and other institutions offering advanced education.
(2) Applicants for membership shall provide IVSC with any information
that IVSC reasonably requests in order to support its application.
If IVSC considers that an applicant organisation does not meet
its criteria or that its admission to membership of IVSC would
be prejudicial to the reputation or objectives of IVSC it may reject
any application and return the initial payment. Such a decision
is at the absolute discretion of the Board of Trustees, which shall
be under no obligation to give reasons for its decision.
(3) Applicants
in each membership category shall provide sufficient information
to illustrate that they meet the criteria set out in the Bylaws
and Regulations.
SPECIFIC CRITERIA & APPLICATIONS FOR:
RIGHTS AND RESPONSIBILITIES OF MEMBERSHIP
(23)
Following admission to Membership, each Member shall appoint one
Delegate to the IVSC by notice in writing to the Executive Director.
Any subsequent changes in such appointment from time to time shall
be made by notice to the Executive Director. Each Delegate shall
exercise the vote of his or her Member.
(24) Members may be represented
at the annual and any special meetings of the International Valuation
Standards Council by one Delegate who may be accompanied by one
assistant who may act as a translator or take notes.
(25) The annual meeting of the Members, beginning with the year
2008, shall be held on or before November 30 of each year at the
office of the Corporation, or at such other place and at such time
as may be provided by resolution of the Board of Trustees. The
purposes of the annual meeting shall be: to elect Trustees to the
Board of Trustees; to receive the annual reports of the IVSC Boards
and Committees; to receive financial statements of the Corporation
for the preceding year; to receive the year to date operating results
and projected remaining budget of the current year; to receive
the budget of the Board of Trustees for the next year; to install
Officers appointed or elected by the Board of Trustees; to formalize
appointment of persons to IVSC Boards and Committees: to admit
new Members; and to transact such other business, if any, stated
in the notice of the meeting.
(26) A primary function of IVSC Members is to advise the
Boards on issues related to projects on the Boards’ agendas, possible new agenda items, project
priorities, procedural matters that may require the attention of the IVSC, and
other matters as requested by the chairmen of the Boards. The role of Members
is not to reach a consensus or to vote on such issues that it considers at its
meetings. Rather, it is to operate as a window through which the Boards can obtain
and discuss the representative views of the diverse IVSC membership groups.
(27) Members of IVSC are urged to speak out publicly on matters
before the IVSC Boards and also to be supportive of the Boards’ processes and the principle of
private-sector standard setting. Individual members are not expected to agree
with the Boards’ decisions on all of the technical aspects of the projects on
the Boards’ agendas, but it is important that IVSC Members support the institution
and its due process.
(28) Members are encouraged to nominate individuals to serve
on the Board of Trustees, the International Valuation Standards
Board and the International Valuation Professional Board.
(29)
Members may announce themselves as members of the International
Valuation Standards Council. Use of the IVSC logo is prohibited
without the prior permission of the Board of Trustees.
(30) Individuals
who are members or employees of an IVSC Member organisation
are under no circumstances permitted to refer to themselves as
members of the International Valuation Standards Council.
MEMBERSHIP DUES
(31) Membership of the IVSC will include the obligation
to provide resources to participate in the IVSC’s activities
and to pay appropriate fees. Membership dues for each category
of member shall be determined by resolution of the Board of
Trustees of the IVSC and may be revised from time to time.
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IVSC
MEMBERSHIP
> Membership Criteria: Overview
– Specific Criteria & Applications for:
• Valuation Organisation Members
• Corporate Members
• Client Members
• Institutional Members
• Academic Members
Submit your application
Please email your completed
application – plus any supporting documents – to Marianne Tissier,
IVSC Executive Director (mtissier@ivsc.org).
More information
If you have any questions or require further information,
please contact Marianne Tissier, IVSC Executive Director (mtissier@ivsc.org)
IVSC Restructuring:
–  Restructuring
Initiative: Meeting the Challenge to Develop Global Valuation Standards (Nov-2007)
– Comments on Restructuring
Proposal
– Proposal
on Restructuring the IVSC (Jan-2007)
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