Committees of the Board

In addition to being governed by the Board of Directors, certain functions of The Canadian Institute of Chartered Business Valuators are guided by Committees, as instituted by the Board.

2019-2020 Standing Committees:

Accreditation

Mandate:

  1. Determine the technical and professional competencies required to become a Member.
  2. Advise the Board of Directors on the experience requirements required to become a Member.
  3. Advise the Board of Directors on other policy matters related to the requirements of becoming a Member.
  4. Recommend to the Board of Directors the admission of new Members.
  5. Consider other matters and initiatives related to admission to membership and accreditation

Members:

  • Anish Chopra, Chair
  • Christine Sawchuk
  • Isabel Natale
  • Matt Badger
  • Yoram Beck
  • Corinne Larkin
  • Alex Lourie
  • Mitchell Orenstein
  • Chris Polson
  • Andrew Yas

Composition:

  • A minimum of three Directors
  • A minimum of three Members who are not Directors
  • Institute:
    • Director, Education and Accreditation
    • Registrar and Manager, Education

Audit & Finance

Mandate:

  1. Review the annual financial statements of the Institute and make recommendation to the Board of Directors regarding their approval
  2. Meet with external auditor to review audit and audit findings
  3. Review the terms of engagement and performance of the Institute’s external auditor and make recommendation to the Board of Directors regarding their re-appointment
  4. Review the annual budget and make recommendation to the Board of Directors

Members:

  • Luc Lafontaine, Chair
  • Mary Jane Andrews
  • Bob Boulton
  • Deborah Hanlon
  • Anish Chopra
  • Michael Cockayne
  • Jason Maltais
  • Derek Sanders
  • Lucas Terpkosh

Composition:

  • A minimum of three Directors, including the Treasurer
  • A minimum of one Member who is not a Director
  • Institute:
    • President and CEO
    • Executive Vice President and COO
    • Manager, Administration and Events

Term: 

June to May


Awards & Recognition

Mandate:

  1. Evaluate award nominations in light of the criteria established for each award
  2. Make recommendation to the Board of Directors concerning each award recipient

Members:

Committee membership is not made public.

Composition:

  • One Director who serves as Chair (responsible to ensure compliance with related Institute guidelines and procedures – reports to Board but does not participate in committee decisions concerning selection)
  • A minimum of three Members who are not Directors, appointed by Board Chair
  • Institute: 
    • President and CEO
    • Manager, Business Systems and Compliance

Term: 

June to May

FCBV/LIFE Membership Sub-committee

Mandate:

  1. Evaluate nominations in light of the criteria established.
  2. Make recommendation for award of FCBV or Life Membership honourary designations.

Members:

Committee membership is not made public.

Composition:

  • Sub-committee Chair appointed by Board Chair. 
  • Sub-committee Chair appoints four additional committee members.
  • All sub-committee members must be FCBVs. 
  • Identity, other than the Chair, not known to Board of Directors. 
  • Institute:
    • President and CEO
    • Manager, Business Systems and Compliance

Term: 

June to May

Conduct & Discipline

Mandate:

  1. Conduct the disciplinary process.
  2. Report to the Board of Directors on the number and status of complaints/charges.

Members:

Committee membership is not made public.

Composition:

  • Chair, who may be a Director, but is not required to be
  • Four additional committee members who are not Directors, one of whom can be a non-member
  • Institute: 
    • Executive Vice President and COO
    • Director, Professional Practice

Term: 

June to May

Executive

Mandate:

  1. Provide counsel to the Chair of the Board and the President and CEO on emerging, time-sensitive and significant issues arising between Board meetings.

Members:

  • Bill Armitage, Chair
  • Doug McPhee, Vice Chair
  • Paul Gill, Past Chair
  • Mary Jane Andrews, CEO
  • Bob Boulton, COO

Composition:

  • Chair
  • Vice-Chair
  • Past Chair
  • Secretary/Treasurer
  • Institute: 
    • President and CEO
    • Executive Vice President and COO

Term: 

June to May

Governance and Nomination

Mandate:

  1. Nominate suitable candidates for election to the Board of Directors (other than Regional Directors).
  2. Nominate Officers of the Institute.for appointment by the Board of Directors
  3. Evaluate Board Directors’ performance
  4. Adjudicate governance issues on an ad hoc basis

Members:

  • Paul Gill, Chair
  • Bill Armitage
  • Richard Ginsberg
  • Mary Jane Andrews
  • Sue Loomer
  • Bob Boulton

Composition:

  • A minimum of five persons, including:
    • Immediate Past Chair as Chair
    • Chair
    • Vice-Chair
    • Immediate Previous Past Chair
    • President and CEO
    • Institute: 
      • Executive Vice President and COO

Term: 

June to May

Practice Inspection

Mandate:

  1. Provide oversight of the Practice Inspection Program generally
  2. Set guidelines and requirements, including file selection criteria
  3. Review inspection reports where deficiencies are reported to determine significance and effect
  4. Determine appropriate actions
  5. Monitor performance of the Practice Inspection Program
  6. Report to Board of Directors annually on the Practice Inspection Program
  7. Communicate an overview of results to all practitioners

Members:

Committee membership is not made public.

Composition:

  • Chair, who may be a Director, but is not required to be
  • An additional two to four Members representing breadth of CBV profession
  • CBVs for more than 10 years
  • Institute: 
    • Director, Professional Practice

Term: 

June to May

Professional Practice and Standards

Mandate:

  1. Monitor and propose amendments to:
    1. Code of Ethics,
    2. Practice Standards,
    3. Practice Guidelines.
  2. Monitor emerging issues and identify professional practice matters that require research or policy direction.
  3. Monitor practice standards of other Valuation Professional Organizations and standard setters.

Members:

  • Charlene Rodenhiser, Chair
  • Catalina Miranda
  • Spencer Cotton
  • Adam Foley
  • Brian Gibson
  • Trevor Hood
  • Alex Lourie
  • Cameron McInnis
  • Chris Nobes
  • Dominic Pharand

Composition:

  • A minimum of three Directors
  • A minimum of two Members who are not Directors
  • Institute:
    • Director, Professional Practice

Term: 

June to May