IVSC is pleased to announce the appointment of seven new members to its Business Valuation Board (BVB). The appointments come as part of the IVSC’s ongoing efforts to broaden the Board’s geographic field of expertise and enhance its collective skillset.
Business and intangible asset valuation play a critical role in today’s global economy, as these assets often make up the majority of a company’s value. As such, it is crucial that these valuations are performed in a consistent and transparent manner, in line with international standards. The BVB is responsible for developing these standards and ensuring that they remain relevant and up-to-date.
The new appointees bring a wealth of experience from a range of fields, including M&A, financial reporting, and standard setting. They are prominent in their areas of expertise and include global valuation leaders in professional bodies, global investors, and multinational firms.
”We are very pleased to welcome these talented individuals to the Business Valuation Board. Their appointment will enhance the board's ability to provide robust and independent guidance on business valuation practices and to ensure that the IVS continue to set the benchmark for valuation practice around the world.Richard Stewart OAMChair, IVSC Business Valuation Board
The new board members are: Srividya Gopal (South East Asia Leader and Chair APAC Management Committee, Kroll, Singapore), Vikarth Kumar (Partner, Grant Thornton Bharat LLP, India), Catalina Miranda (Vice President, Regulatory & Standards, CBV Institute, Canada), Elena Moisei (Senior Manager, EY, Luxembourg), Dan Peckham (Global Valuation Technical Leader, Deloitte, United States), Kevin Prall (Managing Director, EY, United States), Emily Tse (Managing Director, Valuation, Canada Pension Plan Investment Board, Canada). They will take up their roles on the BVB from 1 April 2023 on an initial three-year term.
”Value is at the core of every business. Given Deloitte’s global platform and client base, we recognize the important role IVSC serves in setting valuation standards and propagating best practices that promote consistency, transparency, and trust in valuations globally. Deloitte’s proprietary global valuation standards provide guidance for our valuation practitioners and are consistent with the International Valuation Standards issued by the IVSC. I am excited to join the Business Valuation Board and contribute to the IVSC based on my experience working with global clients, regulators, professional valuation organizations, and the financial community.Dan PeckhamGlobal Valuation Technical Leader, Deloitte, United States
”The IVS has gained acceptance globally as the gold standard for valuation. I feel honoured to be appointed to the Business Valuation Board of the IVSC and to play a part in standards development, especially in today’s dynamic world filled with significant challenges, uncertainties as well as opportunities. I look forward to working with leading professionals, regulators and stakeholders around the world in this role.Srividya GopalSouth East Asia Leader and Chair APAC Management Committee, Kroll, Singapore
”Reliable and trusted valuations are vital to enable financial stability and investor confidence in an economy. Developing high-quality International Valuation Standards, which serve as the key guide for valuation professionals globally to ensure consistency, transparency and professionalism in valuations, is an important objective for IVSC and I am excited to be part of this journey.Vikarth KumarPartner, Grant Thornton Bharat LLP, India
”I am looking forward to joining the global standard setter for the profession. It is a particularly interesting and challenging time for the valuation profession: macroeconomic volatility, growing demands from investors and being on the cusp of a changing corporate reporting landscape. More than ever, I firmly believe that providing sound and rigorous valuations contributes to strong and efficient capital markets and that a globally unified approach to business valuation is key to achieving this goal.Catalina MirandaVice President, Regulatory & Standards, CBV Institute, Canada
”Valuation matters and it is important therefore that the valuation profession is equipped with robust and internationally agreed standards. IVSC’s mission is to develop these standards, which promote confidence and trust in the global financial system. I am honoured to serve on the Business Valuation Board and keen to contribute to that mission.Elena MoiseiSenior Manager, EY, Luxembourg
”Valuation is the common language that binds disparate financial disciplines of accounting, corporate finance, and sustainability. As such, the IVSC play a critical role toward ensuring the resiliency and continued growth in global capital. I am humbled to be appointed to IVSC Business Valuation Board to further this effort through the collaboration with stakeholders around the globe.Kevin PrallManaging Director, EY, United States
The IVSC is committed to fostering the development of high-quality, transparent, and ethical valuation practices. The appointment of these new experts to the BVB is a testament to the IVSC’s continued commitment to this mission.
In April, the SRB will publish an Exposure Draft outlining proposed updates to the International Valuation Standards. The consultation, which will run for 12-weeks, will seek feedback on changes including new standards on ‘data and inputs’ and explicit references to ‘ESG’ within the valuation process. An updated version of IVS is expected to be published in 2024.