IVSC makes nine board appointments

The International Valuation Standards Council (IVSC), the global standard setter for valuation practice and the valuation profession, has made nine appointments across its three boards.  The importance of the IVSC’s objectives is reflected in the seniority of the appointees who are all drawn from leading global firms.

Sir David Tweedie, Chairman of the IVSC Board of Trustees, said: “Today’s global business environment, with ever-increasing cross border flows of capital, is crying out for greater transparency and consistency regarding asset and business valuation. Inconsistent valuation of assets is not only a barrier to trade but also a systemic danger to markets and economies. These new board members add great expertise and drive to our boards as the IVSC pursues its core objectives of consistent global implementation of International Valuation Standards and recognition of a respected valuation profession. As all board members are volunteers I would also express my appreciation to their employers for allowing them to give some of their time to working to protect the public interest.”

The IVSC Standards Board sets and maintains the International Valuation Standards that provide a recognised framework for consistent valuation and reporting processes around the world. Joining the Standards Board are:

  • Leigh Miller, National Director and Americas Director of EY LLP’s Valuation & Business Modelling Practice (USA)
  • Andreas Ohl, PwC Transaction Services Valuation Measurement Leader at PwC (USA)
  • Andrew Renshaw, Lead Director of Valuation and Advisory Services at JLL (UK)

The IVSC Professional Board defines the entry requirements, qualifications, experience and ethics necessary for a globally recognised and respected profession. Joining the Professional Board are:

  • Eleanor Joy, Former Chair of Canadian Institute of Chartered Business Valuators and Associate Partner at PwC (Canada)
  • C K Lau, Director at JLL (Hong Kong)
  • Eric Teo, Executive Director, Transaction Advisory Services at EY, and CEO, Institute of Valuers and Appraisers of Singapore

The IVSC Board of Trustees is responsible for appointments to the Standards Board and Professional Board and for governance and funding of the organisation.  Joining the Board of Trustees, are:

  • Mark Gerold, Chair of RICS Global Valuation Board and Director, Valuation and Business Modelling, EY (UK)
  • Christian Mouillon, Global Vice Chair – Risk Management, EY (France)
  • Tatsumi Yamada, Partner, KPMG AZSA and head of IFRS, KPMG Asia Pacific (Japan)

 All appointments took effect following the recent IVSC 2014 AGM in Toronto.

 


-Ends-

6 November 2014