The International Valuation Standards Council (IVSC) has announced
that as a consequence of his appointment as Chairman of the IFRS
Foundation Trustees, Michel Prada will step down as Chairman of the
IVSC Board of Trustees as of 31 December 2011.
The Vice Chairs of the IVSC Board of Trustees, Roel Campos and Patrick
Gounelle said: “We congratulate Michel on his appointment and very
much look forward to working with him in his new role. Michel became
Chair of the restructured IVSC in March 2009. He has been a dedicated
advocate of the need to develop international valuation standards and
guidance to improve the quality and reliability of valuations
globally. During his three year leadership of the IVSC, he has worked
with the international financial institutions, regulators, national
governments, and IVSC member bodies and sponsors to deliver that
message, thereby greatly increasing the global stature of the IVSC. We
thank him for his significant contribution to the IVSC and wish him
well in the very significant role as Chairman of the IFRS Foundation
Trustees.”
Michel Prada said: “I leave the IVSC with regret as I have spent
nearly three extremely gratifying years with the organisation.
Together with my fellow trustees, we have made our best efforts to
implement the strategic changeover that was decided by our
predecessors, as we were convinced of the need to promote consistent
international standards for the valuation of all assets. The IVSC is
today part of the group of private sector standard setters that
contribute to improve the functioning of the financial system. I wish
them all the best and I look forward to working with them in the near
future, as they have established confident and fruitful relations with
the IASB.”
The IVSC Nominating Committee, under the chairmanship of Roel Campos,
will begin the process of identifying a new Chair for the IVSC Board
of Trustees.
that as a consequence of his appointment as Chairman of the IFRS
Foundation Trustees, Michel Prada will step down as Chairman of the
IVSC Board of Trustees as of 31 December 2011.
The Vice Chairs of the IVSC Board of Trustees, Roel Campos and Patrick
Gounelle said: “We congratulate Michel on his appointment and very
much look forward to working with him in his new role. Michel became
Chair of the restructured IVSC in March 2009. He has been a dedicated
advocate of the need to develop international valuation standards and
guidance to improve the quality and reliability of valuations
globally. During his three year leadership of the IVSC, he has worked
with the international financial institutions, regulators, national
governments, and IVSC member bodies and sponsors to deliver that
message, thereby greatly increasing the global stature of the IVSC. We
thank him for his significant contribution to the IVSC and wish him
well in the very significant role as Chairman of the IFRS Foundation
Trustees.”
Michel Prada said: “I leave the IVSC with regret as I have spent
nearly three extremely gratifying years with the organisation.
Together with my fellow trustees, we have made our best efforts to
implement the strategic changeover that was decided by our
predecessors, as we were convinced of the need to promote consistent
international standards for the valuation of all assets. The IVSC is
today part of the group of private sector standard setters that
contribute to improve the functioning of the financial system. I wish
them all the best and I look forward to working with them in the near
future, as they have established confident and fruitful relations with
the IASB.”
The IVSC Nominating Committee, under the chairmanship of Roel Campos,
will begin the process of identifying a new Chair for the IVSC Board
of Trustees.
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