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Membership of IVSC is open to users, providers, professional bodies, educators and regulators of valuation services. 

Criteria

Any entity from one of the following categories may apply to the Board of Trustees for membership of the International Valuation Standards Council

  1. Valuation Professional Organisations – which shall include valuation professional organisations recognized either by legal decree or general consensus
  2. Associate Valuation Organisations – which shall include organisations at an earlier stage of their development but structured so as to achieve Valuation Professional Organisation status
  3. Corporate Members – which shall include valuation companies and entities having an interest in valuation standards and which secure or use valuation services to include but not be limited to lenders, accountants, insurers, asset managers, investors and others
  4. Institutional Members – which are not-for-profit entities to include but not be limited to government agencies and regulators
  5. Academic Members – which shall include but not be limited to universities, colleges, and other institutions offering advanced education

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.

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:

  • Professional Valuation Organisations
  • Associate Valuation Organisations
  • Corporate Members
  • Institutional Members
  • Academic Members

Rights and Responsibilities of Membership

Following admission to Membership, each Member shall appoint one Delegate to the IVSC. Any subsequent changes in such appointment from time to time shall be made by notice to the IVSC. Each Delegate shall exercise the vote of his or her Member.

Members may be represented at the annual and any special meetings of the International Valuation Standards Council.

The annual meeting of the Members 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 formalise 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.

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.

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.

Members are encouraged to nominate individuals to serve on the Board of Trustees, the International Valuation Standards Board and the International Valuation Professional Board.

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.

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

Membership of the IVSC will include the obligation to pay appropiate fees.

Rates

The World Bank classifies all World Bank member countries according to per capita to four categories: low income; lower middle income; upper middle income; and high income.

Valuation Professional Organisations - The annual membership fee for professional valuation organisations be based on economic and membership size indicators.

  Low Income  Lower Middle Income  Upper Middle Income  High Income 
0-2,000 members US$500 US$1,000 US$2,500 US$5,000
2-4,000 members US$525 US$1,050 US$2,626 US$5,250
4-8,000 members US$1,050 US$2,625 US$5,250 US$10,500
Over 8,000 members US$1,100 US$2,750 US$5,500 US$11,000

 

Academic Members - The annual membership fee for Academic Members is based on the World Bank classification.

Low Income Lower Middle Income  Upper Middle Income   High Income 
US$263  US$525  US$1,050 US$2,100 

 

Institutional Members - not-for-profit entities to include but not be limited to government agencies and regulators. The annual membership fee for Institutional Members is based on the World Bank classification.

Low Income Lower Middle Income  Upper Middle Income   High Income 
US$1,050  US$2,625 US$5,250 US$10,500 

 

Corporate Members - Valuation companies and entities having 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. 

 

 Membership Rate
 US$10,500

Corporate Members

Membership of the International Valuation Standards Council (IVSC) is open to 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.

 

Academic Members

Membership of the International Valuation Standards Council (IVSC) is open to an organisation, institution or agency which promotes education or research in the valuation discipline.

 

Institutional Members

Membership of the International Valuation Standards Council (IVSC) is open to not-for-profit entities to include but not be limited to government agencies and regulators, and national valuation standard setters.

 

Valuation Professional Organisations

Membership of the International Valuation Standards Council (IVSC) is open to valuation professional associations or institutes acknowledged, either by legal decree or general consensus, as being a national professional body with rights and responsibilities for the development of the valuation profession. In the case of general consensus, the organisation must demonstrate evidence that it has the support of government and the business community and is a body in good standing in the jurisdiction.

The organisation must be established as a not for profit organisation that sets minimum education and ethical standards for individual valuers and that upholds the public interest over those of individual members. An applicant organisation shall provide a copy of its constitution or bylaws, and the detailed educational or other requirements required to become a member, together with details of the current membership numbers and the principal valuation activities undertaken by its members.

In order to demonstrate that it is recognised by law as a body for training or accrediting individual valuers, or is recognised as such by market consensus within its state of domicile it should provide either evidence of the relevant statutes or otherwise provide examples of its recognition by references from major participants in the relevant market.