Restructuring of IVSC approved
19 Apr 2007
Members of the International Valuation Standards Committee (IVSC) have voted unanimously to proceed with the restructuring of the organisation, as proposed in January 2007 (see our News Story of 5 Feb 2007).
The restructuring includes creation of a global valuation standards board. The new IVSC structure will be "similar to the IASB model where the Standards Board is the focal point or the heart and soul of the organisation rather than an organisation of valuation organisations". There will also be an interpretations committee and a management board of trustees entrusted strictly with the management and financial health of the organisation.
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