CBV Connect 2023 is taking place in Toronto, ON June 8th & 9th at The Sheraton Centre Toronto Hotel! Join us in person at the signature event of CBV Institute dedicated to leadership in business valuation. Get the latest thinking and insights to advance valuation expertise and confront an ever-changing business environment. Global registration is

Continuing Professional Development hours – 14 hours

Keynote Speakers

• Strategy in a World of Disruption – Shawn Kanungo
• IVS – Canada’s leadership role in recognition of International Valuation Standards – a conversation with IVSC CEO Nick Talbot

Congress Streams and Topics

[accordion title="Congress Material"]

CBV Institute will post all presentations on the Institute’s App and website approximately 1 week before the congress.  Access is only available to delegates who registered for the congress. You will be required to log in to access it.

[/accordion][accordion title="Fees"]

Fees

Early Bird Registration (by May 10, 2020) $ 875 (+ HST) = $ 988.75
Regular Registration (after May 10, 2020) $ 1,025 (+ HST) = $ 1,158.25

CBV Congress
2020 – COVID-19 Health and Safety Update

The health and
safety of Congress delegates, speakers, staff and the general community is of
the utmost importance to us.  As planning
continues for CBV Congress 2020 in June, we will be closely monitoring the
COVID-19 situation and following guidelines from the World Health Organization,
governments and public health officials.

If it becomes
necessary or prudent at any point to cancel the Congress, registration fees
will be refunded in full. Presentations that would have been delivered at
Congress will be made available instead as paid webinars, to the extent
possible.

If Congress proceeds
and a registrant is not able to attend because they are at risk of COVID-19 or
present a risk to others due to COVID-19, registration fees will also be
refunded.

CBV Institute cannot
compensate for accommodation or travel costs should Congress be cancelled or should
a registrant be unable to attend. 
Congress hotel reservations are cancellable up to 72 hours before a scheduled
check-in. 

Cancellation Policy:

Before May 1, 2020 – 60% refund
After May 1, 2020 – no refund will be given however substitution of person to this congress will be permitted. Refunds will not be applied to future conferences.

[/accordion][accordion title="Hotel Information"]

Sheraton
Centre Toronto Hotel

Please book your hotel accommodations at the time of
registration as space is very limited.  This is peak time at the hotel and our room
block/hotel will sell out quickly.

The cut-off date for our congress rate is May 11, 2020. 

The following room rate is available and prices are based on
single & double occupancy rooms

• $ 269.00 –
  Traditional room (single or double occupancy)

To book a room:  Book your group rate for CICBV National Conference

Or call toll free 1 888 627 7175 and state that you are part of
the CICBV National Conference group, pending room availability.

[/accordion][accordion title="Getting to Toronto"]

To book a flight with
your promotion code, access aircanada.com and enter your promotion code in the search
panel.  

PROMO
CODE is: KCAJRAT1

• The booking is to be made to the following city: Toronto (YYZ & YTZ)
• This Promo Code is available to the first 350 delegates who book their travel with Air Canada
• The travel period begins June 2, 2020 and ends June 20, 2020.

No discount will apply
to Tango bookings for travel within Canada or between Canada and the U.S. The
discount rate is 10% on all other flights.

FLY PORTER

Porter Airlines is
proud to offer a 10% discount on available base fares (with the exception of
the lowest class fare during a public seat sale) for travel to and from the CBV
2020 Congress. The discounted fares are available for booking from January 8,
2020 to June 14, 2020 and available for travel from anywhere in Canada or US to
Toronto between June 9 – 14 2020.

Please book online at https://flyporter.com/Flight?culture=en-CA&promocode=CBCV20 or through your travel agent using promo code “CBV20”.

Porter offers
complimentary in-flight snacks and beverages (including beer and wine), Gate
Porter service for carry-on and access to the Porter Lounge in Toronto where
free Wi-Fi and comfortable, leather seating is available.

VIA RAIL

VIA Rail is proud
to be a transportation participant for our Congress, and is offering a 10%
discount from June 7 – June 15, 2020 for all VIA stations to Toronto.  The discount applies to the best available
fare in Economy, Economy Plus, Business, Business Plus and Sleeper Class. 

PROMO CODE is: 14094

You have to log in
to your profile, or create one prior to booking at www.viarail.ca 

On the Passenger
information screen, select “Convention fare” from the “Discount Type”
drop-down menu, and enter the discount code 14094 in the “Discount code” field.
The conference fare will be shown on the next page.

[/accordion][accordion title="Congress Organizing Committee"]

[/accordion][accordion title="Sponsoring or Exhibiting"]

Sponsorship is a proven way to deliver the greatest marketing
impact possible and have your message reach attendees leading up to, during and
after the congress events.  Exhibiting
at, or sponsoring the 2019 CBV Institute Congress provides a great opportunity
for you to promote your organization and showcase your products and services to
our anticipated 500+ attendees.  Deadline
to sign up is April 1, 2020. 

2020 Sponsor/Exhibitor
Package.

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Continuing Professional Development hours – 14 hours

Congress Material

Economic Update – Glen Hodgson

Cannabis Panel

Doing Diligence Differently: A PE Perspective

Practitioner Roundtable

International Trade Relations – impact on business risk

Early stage and exit advisory

Maintaining impartiality: the view from the Bench and the Bar

M&A Update: A year in review and the year ahead

Calculation, estimate and comprehensive reports – which report to use when

Volatility Estimation for Private and post-IPO Companies

Minding the M&A Compass While Navigating from East to West: Cross-Border Transactions and International Valuation Trends

Common Experts/Jointly-instructed experts: How is the practice developing in Canada?

Valuations and Litigation: Insights from a Case Law Review

Strategic Investors vs Private Equity Buyers

The Intersection of Income Tax and Family Law in Canada

Company Specific Risk Premiums: Guidance and Practice from the US

AI –  a modern view of its impact on valuations

The Theory and Practical Aspects of Discount Rates for Quantifying Losses& Milton Davis paper

International Cost of Capital: Understanding and Quantifying Country Risk

How to Intelligently Value AI Companies

Ex ante or ex post, that is the question: Discounting conventions in economic damages, a case law review

Cost of Equity: A Canadian-centric perspective

Decrypting Crypto: An Introduction to Cryptoassets and a Study of Select Valuation Approaches

Delegates List

Gold Sponsor

Charity

This year, CBV Institute is proud to support Centre Philou. As a true extension of the family, Centre Philou is a living environment specially designed to meet the needs of children with multiple disabilities, while

 encouraging their full potential, with joy and respect for their condition. Founded in 2005, their services include: respite stays, intensive stimulation programs, summer day Camp and family support. In lieu of speaker’s gifts, it has been CBV Institute’s practice to instead support a charitable organization in order to give back to the community on behalf of the profession.

Exhibitor

Continuing Education hours – 14 hours

[/accordion][accordion title="Cancellation Policy"]

Cancellation Policy

• Before May 1, 2018 – 60% refund
• After May 1, 2018 – no refund will be given however substitution of person to this conference will be permitted.  Refunds will not be applied to future conferences.

For further information, call Deborah Hanlon at 416.613.9552 or email deborah.hanlon@cicbv.ca

[/accordion][accordion title="Congress Streams/Congress Material"]

Congress Agenda

Delegates List as at June 5, 2018

[/accordion][accordion title="Hotel Information"] 

WESTIN OTTAWA  is now sold out!

The Ottawa Westin is sold out.  The three closest hotels to the Ottawa Westin are:

• Fairmont Chateau Laurier
• Novotel Hotel
• Les Suites Hotel Ottawa

Ottawa Westin information:  Please book your hotel accommodations at the time of registration as space is  very limited.  This is peak time at the hotel and our room block/hotel will sell out quickly.  The cut-off date for our conference rate is May 11, 2018.  The following room rates are available and prices are based on single & double occupancy rooms:

• $ 249.00 – Run-of-house room (single or double occupancy)
• $ 379.00 – Suites, limited (single or double occupancy)

Online booking: https://www.starwoodmeeting.com/Book/2018CICBV

Central reservations: 613-560-7000. When booking a room, quote 2018 CICBV Congress or code 2F08AA (it is best to book online using the link above).  The congress rate is available from June 11 – June 16, 2018 pending room availability.

[/accordion][accordion title="Getting to Ottawa"] 

Air Canada

To book a flight with your promotion code, access aircanada.com and enter your promotion code in the search panel.

PROMO CODE is: 4K6D4JM1

• The booking is to be made to the following city: Ottawa, YOW (ON)
• This Promo Code is available to the first 200 delegates who book their travel with Air Canada
• The travel period begins Tuesday, June 06, 2018 and ends Friday, June 22, 2018.
• Travel is valid Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday.

No discount will apply to Tango bookings for travel within Canada or between Canada and the U.S. The discount rate is 10% on all other flights.

Fly Porter

Porter Airlines is proud to offer a 10% discount on available base fares (with the exception of the lowest class fare during a public seat sale).  The travel period begins June 10, 2018 and ends June 19, 2018.

Please book online at https://flyporter.com/Flight?culture=en-CA&promocode=CICBV18 or through your travel agent using promo code “CICBV18”.

Via Rail

VIA Rail is proud to be a transportation participant for our Congress, and is offering a 10% discount from June 11 – June 18, 2018 for all VIA stations to Ottawa.  The discount applies to the best available fare in Economy, Economy Plus, Business, Business Plus and Sleeper Class. 

PROMO CODE is: 13640

You have to log in to your profile, or create one prior to booking at www.viarail.ca. On the Passenger information screen, select “Convention fare” from the “Discount Type” drop-down menu, and enter the discount code 13640 in the “Discount code” field. The conference fare will be shown on the next page.

[/accordion][accordion title="Sponsoring or Exhibiting"]

If you are interested in sponsoring or exhibiting at the conference, please contact Deborah Hanlon at deborah.hanlon@cicbv.ca

[/accordion]

Platinum Sponsor

Exhibitor

In lieu of speakers gifts, it has been the CICBV’s practice to instead support a charitable organization in order to give back to the community on behalf of the profession. This year the CICBV is proud to support Jack.org. Jack.org is a national organization with over 150 student chapters across Canada dedicated to identifying and breaking down barriers to positive mental health.

Continuing Education hours – 14 hours

[/accordion][accordion title="Cancellation Policy"]

Cancellation Policy

• Before May 1, 2017 – 60% refund
• After May 1, 2017 – no refund will be given however substitution of person to this conference will be permitted.  Refunds will not be applied to future conferences.

For further information, call Deborah Hanlon at 416.613.9552 or email deborah.hanlon@cicbv.ca

[/accordion][accordion title="Conference Material"]

The following conference presentations have been provided by the presenter:

• Leadershifting towards a higher knowledge productivity – Dr. Nick Bontis 
• Dual Class Share Structures and Double-Edged Swords: Observations on Value and Governance – Aaron Atkinson, Naizam Kanji
• CBVs as Expert Witnesses in Litigation – Current Issues and Trends – The Honourable Judith Snider, Ron Martindale, Ron Petersen, Michael Carnegie
• M&A Update – Closings, Comparables and Crystal Balls – Aroon Sequeira
• Clearing the Smoke: Are Medical Marijuana Stock Values Too High? – Carl Merton, Neal Gilmer, Matt Bottomley
• Considerations is Structuring Inter-Company Debt – Dennis Leung, Peter Kurjanowicz
• Valuation of Intangible Assets – PJ Patel
• Business Valuation v. Transfer Pricing – Dr. Muris Dujsic
• The Valuation Profession, IVSC and its Role in the Global Financial System – Sir David Tweedie, Nick Talbot
• Write Less. Say More. – Susan Glass
• Private Markets Panel – Michael Mayville, Peter Gray, Derrick Ho, Ryan Dermody
• Valuing Contingent Consideration and the Financial Reporting Application – Christian Gouveia, Jing Chen
• Fairness Opinions – Not So Fair Anymore? – Paul Simon
• Matching Models and Facts: Asian Average, Black-Scholes, Look Back Puts and DLOM – Ashok B. Abbott
• Two Part Session from the CRA
  • The Price Adjustment Clause: What is a reasonable valuation method? – Nicholas Correia
  • Latent Taxes: How much to recognize? – Michael Roy
• Conference Program

[/accordion][accordion title="Hotel Information"] 

HILTON QUEBEC – Quebec City – ROOM BLOCK IS SOLD OUT – please book your room at the Hotel Chateau Laurier (information below)

Please book your hotel accommodations at the time of registration as space is very limited.  This is peak time at the hotel and our room block/hotel is guaranteed to sell out quickly.  The cut-off date for our conference rate is May 12, 2017. The following room rates are available and prices are based on single & double occupancy rooms:

• $ 229.00 – Laurentian & Parliament View (single or double occupancy)
• $ 249.00 – Riverview (single or double occupancy)
• $ 279.00 – Executive Floors (single or double occupancy)

To book a room:

• Online booking:  http://group.hilton.com/CICBV
• Central reservations:1-800-447-2411 (it is best to book online using the link above)

When booking your room via telephone, our conference code is CICBV.  The conference rate is available from June 10 – June 19, 2017 pending room availability.

Hotel Chateau Laurier – ROOM BLOCK IS SOLD OUT

We have secured an additional small room block at Hotel Chateau Laurier which is about a 5 minute walk from the Quebec City Convention Centre.

The following room rates are based on single and double occupancy

• $ 269 – Contemporary room

The cut-off date for our conference is May 15, 2017.  For reservations, please call 1.800.463.4453 and quote confirmation number 22388.

Hotel Chateau Bellevue – If you are looking for a budget friendly hotel,  you can book a room at this 48-room boutique hotel for a rate of $ 149.00.  This hotel is located in the Old City behind the Chateau Frontenac and is a 15-20 minute walk to the Quebec City Convention Centre.  For reservations, please call 1.800.463.2617 and quote confirmation number 22392.  Reservations must be made prior to April 30, 2017.

[/accordion][accordion title="Getting to Quebec City"] 

Air Canada is the Official Canadian Airline for the Conference

To book a flight with your promotion code, access aircanada.com and enter your promotion code in the search panel.

PROMO CODE is: DDNV4KE1

• The booking is to be made to the following city: Quebec City, TQB (QC).
• This Promo Code is available to the first 250 delegates who book their travel with Air Canada.
• The travel period begins Tuesday, June 06, 2017 and ends Friday, June 23, 2017.
• Travel is valid Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday.

No discount will apply to Tango bookings for travel within Canada or between Canada and the U.S. The discount rate is 10% on all other flights.

Ground transportation in Quebec City

Travel from the Québec City Jean Lesage International Airport to the downtown core takes approximately 20 minutes with the average taxi fare being approximately $ 40.00.

[/accordion][accordion title="Sponsoring or Exhibiting"]

If you are interested in sponsoring or exhibiting at the conference, please contact Deborah Hanlon at deborah.hanlon@cicbv.ca

[/accordion]

Sponsors

CICBV’s 2016 National Conference

Continuing Education hours 11 hours

[/accordion] [accordion title="Cancellation Policy"]

Cancellation Policy

• Before May 1, 2016 – 60% refund
• After May 1, 2016 – no refund will be given however substitution of person to this conference will be permitted.  Refunds will not be applied to future conferences.

For further information, call Deborah Hanlon at 416.977.1117 ext. 222 or email deborah.hanlon@cicbv.ca

[/accordion][accordion title="Conference Material"]

The following conference presentations have been provided by the presenter:

Comprehensive, Estimate and Calculation Valuation Reports – What’s in a Name

Valuing Businesses in a Volatile Market

Yah, I’m going to have to Google this one” – Valuing Beneficial Interests in Discretionary Trusts

Papering the Deal: Anticipating and Addressing Valuation Issues in Legal Agreements

From Behind the Vail or to no Avail: Current thoughts on attribution of corporate income for Support Purposes, Additional material

Redefining Value Through Social Enterprise

Net Working Capital: Buy-side vs. Sell-side

Debt Instruments Can Be Complex: Valuing Them Doesn’t Have to Be

The Value Impact of Due Diligence

Tax Issues and Strategies Relevant to Matrimonial Litigation

The Royalty Explored

Speakers Biographies

Delegates List as at June 1, 2016

Agenda

[/accordion]

[accordion title="Hotel Information"] 

Please book your hotel accommodations at the time of registration as space is limited.

The Conference hotel is The Fairmont Empress.  June is peak time at the hotel and our room block/hotel will sell out quickly. The cut-off date for our conference rate is May 14, 2016.  

The following room rates are available and prices are based on single & double occupancy rooms:

• $ 219.00 – Fairmont Room (single or double occupancy)
• $ 249.00 – Deluxe (single or double occupancy)
• $ 269.00 – Harbourview Deluxe (single or double occupancy)

To book a room: Online booking:  https://resweb.passkey.com/go/cicbv2016 or call Central reservations:  1-800-441-1414.

When booking your room, our conference code is CANA0616_001 or you can quote the event name of CICBV 2016.  The conference rate is available from June 13 – June 20, 2016 pending room availability.

Our room block at the Fairmont Empress is sold out.  We have secured an additional conference rate, based on availability, at the Marriott Victoria Inner Harbour located across the street from the Victoria Conference Centre. 

 Reservations by phone: You can book individually by calling reservations toll-free at 1-888-236-2427 and asking for the CICBV group rate of $ 279.00

 Book your room online at our negotiated rate of $ 279

Individual credit card numbers must be provided at time of booking to guarantee each reservation.  Reservations will only be permitted pending hotel availability.  First night’s Room & Tax will be charged if cancellations are received 3 days or less prior to the day of arrival. 

[/accordion][accordion title="Travel Options"] 

Air Canada is the Official Canadian Airline for the Conference

To book a flight with your promotion code, access aircanada.com and enter your promotion code in the search panel.

PROMO CODE is: RDXMRXV1

• The booking is to be made to the following city: Victoria, YYJ (BC).
• This Promo Code is available to the first 250 delegates who book their travel with Air Canada.
• The travel period begins Sunday, June 05, 2016 and ends Sunday, June 26, 2016.
• Travel is valid Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday.

No discount will apply to Tango bookings for travel within Canada or between Canada and the U.S.

Please note that the 12% discount does not apply to already reduced Z and D class Business Class (lowest) fares.

Fly West Jet and Save…

WestJet is pleased to offer a 10% discount off the best-available Econo, Flex and Plus fare at the time of booking.

To book reservations, please visit www.westjet.com and be sure to use both the promo code and coupon code when prompted.

• Promo Code YYJ02
• Coupon Code BYJHTWS

The discounted rates are available for travel between June 6 – 23, 2016. To book your flight please visit www.westjet.com

FLOAT PLANES between Vancouver & Victoria

Downtown Victoria is also serviced by local and regional flights.

• Harbour Air Seaplanes www.harbour-air.com
• Helijet International www.helijet.com
• Kenmore Air Seaplanes (which serve Vancouver and Seattle) www.kenmoreair.com

Arriving by FERRY

Ferry service efficiently connects Victoria on Vancouver Island to its Canadian and US neighbours.

• Frequent daily service by BC Ferries between Vancouver and Victoria brings cars and passengers to its terminal at Swartz Bay, approximately 32 km north of Victoria. www.bcferries.com
• The Coho (Black Ball Ferry Line) links Port Angeles to Victoria www.cohoferry.com
• The Clipper’s passenger-only service connects Victoria to Seattle www.clippervacations.com

Ground transportation

Travel from Victoria International Airport to the Conference Centre/Fairmont Empress, by your choice of airport shuttle, taxi cab or rental car takes approximately 30 minutes.

• Airport shuttle www.yyjairportshuttle.com
• Regent Limousine (all prices are for a 1-way fare and include taxes and gratuity)
  • Sedan – $ 90 (2 people)
  • SUV – $ 114 (4-6 people depending on the amount of luggage)
  • Sprinter Van – $ 156 (up to 10 people)

To make your reservation, please call 1.250.380.1911

• Taxi – approx. $ 65+ depending on traffic (taxi companies in BC do not offer flat rates)
• Pacific Coach Lines between downtown Vancouver, YVR (Vancouver International Airport) and downtown Victoria. The highlight of this scenic transfer is a 95 minute ferry ride through the Gulf Islands on BC Ferries. There are two separate fees for this option – the fare for Pacific Coach and the fair for BC Ferries. http://www.pacificcoach.com/

[/accordion][accordion title="Victoria B.C. Attractions"] 

For a full listing of what to do in Victoria, visit http://www.tourismvictoria.com/things-to-do/

Here are some recommendations:

Golf

• Olympic View Golf Course http://www.golfbc.com/courses/olympic_view
• Bear Mountain Golf Club & Academy http://bearmountain.ca/
• Highland Pacific Golf http://www.highlandpacificgolf.com/
• Golf Central http://www.golfcentraltours.com/
• Cedar Hill Golf Course http://www.saanich.ca/parkrec/golf/index.html

Whale Watching

• SpringTide Whale Watching & SportFishing https://www.victoriawhalewatching.com/  30% discount for CICBV National Conference attendees, family and friends!  

Gardens & Parks 

• Butchart Gardens http://www.butchartgardens.com/
• Abkhazi Tea House & Gardens http://www.abkhaziteahouse.com/
• Beacon Hill Park http://www.beaconhillpark.ca/
• Victoria Buttlerfly Gardens http://www.butterflygardens.com/
• Fisherman’s Wharf http://fishermanswharfvictoria.com/
• Goldstream Provincial Park http://www.env.gov.bc.ca/bcparks/explore/parkpgs/goldstream/

Farm to Table Dining

• Afternoon Tea at the Fairmont Empress http://www.fairmont.com/empress-victoria/dining/afternoontea/
• 10 acres Bistro http://www.10acres.ca/
• The Beach House http://beachhousevictoria.com/
• Café Brio http://www.cafe-brio.com/
• Camille’s at 45 Bastion Square http://camillesrestaurant.com/
• The Drake Eatery http://drakeeatery.com/
• Fireside Grill http://www.firesidegrill.com/about-us/
• OLO Restaurant http://www.olorestaurant.com/
• Sooke Harbour House http://www.sookeharbourhouse.com/
• Zambri’s http://www.zambris.ca/

Sports & Outdoors

• Ocean River Kayak Adventures http://oceanriver.com/
• Adrena Line Ziplining Tour http://adrenalinezip.com/

Craft Beer, Cider & Spirits

• Category 12 Brewing http://category12beer.com/
• Spinnakers Gastro Brewpub http://www.spinnakers.com/
• CANOE Brewpub & Marina Restaurant http://www.canoebrewpub.com/
• Hoyne Brewing http://hoynebrewing.ca/
• Driftwood Brewery http://driftwoodbeer.com/

Spas & Wellness

• Willowstream Spa at the Fairmont Empress http://www.fairmont.com/empress-victoria/willow-stream/
• Boathouse Bath & Spa http://oakbaybeachhotel.com/spa/

Arts, Culture & History

So many to choose from – visit http://www.tourismvictoria.com/things-to-do/arts-entertainment/

[/accordion]

Sponsors

Mastering our Craft: Using Insights from the Trenches to Shape the Future of Valuation Practice – John Paglia

Valuation Hot Topics in a Dispute Setting – David Margules, Lawrence Hamermesh, Roger Grabowski, Shannon Pratt, Justice Donald Bowman

Technology Company Valuation Drivers and Trends – Dan Knappenberger, Duncan Smith, Sid Paquette

Deferred Revenue: Accountants Meet Appraisers – Amy Ripepi, Raymond Rath

Forget Everything You Thought You Knew About Discounts (DLOC, DLOM, DLOL)! – Eric W. Nath

ASA BV and CICBV State of the Union

Price & Value: Determinants, Divergence and Convergence – Aswath Damodaran

Fairness Opinions as Magic Pieces of Paper – Steven M. Davidoff

Volatility: A Practitioners Overview for Options, Warrants, OPMs and Contingent Consideration – Summer Parrish, Dwight Grant

Less Familiar Applications of Option Pricing Methodology: 1) Contingent Consideration and 2) Valuation of Options Embedded in Tranche Financing and of Early Stage Capital Structures where Outcomes and Not Lognormally Distributed – Dwight Grant

 IIBV Update

Market Risk Premium and Risk Free Rate used in 51 countries in 2013: A survey with 6,237 answers – Dr. Pablo Lopez Fernandez

Measurement of Cost of Capital: Insights from Academic Research – Dr. Partha Mohanram

Business Value Stability Across Stock Market Corrections – William F. Pittock

Sessions include (sessions can be subject to change):

AGENDA – all sessions in the Metropolitan Centre/West Ballroom are being livestreamed

Monday Oct 27

• Keynote – Mastering Our Craft: Using Insights from the Trenches to Shape the Future of Valuation Practice (John K. Paglia)
• Keynote – Global Political Risk Expert (Ian Bremmer)
• Valuation Hot Topics in a Dispute Setting  (David J. Margules, Lawrence A. Hamermesh, Roger Grabowski, Shannon Pratt, Justice Donald Bowman)
• Technology Company Valuation Drivers and Trends (Dan Knappenberger, Duncan Stewart, Sid Paquette)
• Deferred Revenue: Accountants Meet Appraisers (Amy Ripepi, Raymond Rath)
• Forget Everything You Thought You Knew About Discounts(DLOC, DLOM, DLOL)! (Eric W. Nath)

Tuesday Oct 28

• State of the Union Address from CICBV & ASA BV Chair (Rob Doran, Bob Morrison)
• Price and Value: Determinants, Divergence and Convergence (Aswath Damodaran)
• Fairness Opinions as Magic Pieces of Paper (Steven Davidoff Solomon)
• Volatility: A Practitioner’s Overview for Options, Warrants, OPMs and Contingent Consideration (Summer Parrish, Dwight Grant)
• Resolving Valuation Disputes with Tax Authorities (Bill Stamatis, Phil Fortier, Michael Gregory)
• Less Familiar Applications of Option Pricing Methodology: 1) Contingent Consideration and 2) Valuation of Options Embedded in Tranche Financing and of Early Stage Capital Structures where Outcomes are Not Lognormally Distributed (Dwight Grant)

Wednesday Oct 29

• IIBV Update (Michael Badham)
• Market Risk Premium and Risk Free Rate used in 51 countries in 2013: a survey with 6,237 answers (Dr. Pablo Lopez Fernandez)
• Measurement of Cost of Capital: Insights from Academic Research (Dr. Partha Mohanram)
• Business Value Stability Across Stock Market Corrections  – an Update (William F. Pittock)

Conference Presentations:

AGENDA

DELEGATES LIST  as at October 15, 2014 

Mastering our Craft: Using Insights from the Trenches to Shape the Future of Valuation Practice – John Paglia

Eurasia Group’s Political Risk Country Portfolio – Ian Bremmer

Valuation Hot Topics in a Dispute Setting – David Margules, Lawrence Hamermesh, Roger Grabowski, Shannon Pratt, Justice Donald Bowman

FASB Fair Value Update – Adam Smith

Technology Company Valuation Drivers and Trends – Dan Knappenberger, Duncan Smith, Sid Paquette

DLOM’s: Volatility Models & Restricted Stock Discounts – John J. Stockdale

Deferred Revenue: Accountants Meet Appraisers – Amy Ripepi, Raymond Rath

Infrastructure: A Class of its Own – Macky Tall, Mahdi Amri

Double Dealing, Double Crosses and Double Dipping in Divorce – Terry Hainsworth

Forget Everything You Thought You Knew About Discounts (DLOC, DLOM, DLOL)! – Eric W. Nath

Price & Value: Determinants, Divergence and Convergence – Aswath Damodaran

Fairness Opinions as Magic Pieces of Paper – Steven M. Solomon

Differences Between Transfer Pricing and Valuation – William Armitage, Ken Kyriacou, Tara DiRosa

Developments in the Oil & Gas Industry – Kristopher Zach, Justin Bouchard

Volatility: A Practitioners Overview for Options, Warrants, OPMs and Contingent Consideration – Summer Parrish, Dwight Grant

Congrats on Your IPO: Now What? – Amanda Miller, David Dufendach

Market-Derived Patent Data: What Date is Important and How Does it Impact Value? – Michael J. Pellegrino

Resolving Valuation Disputes with Tax Authorities – Bill Stamatis, Phil Fortier, Michael Gregory

Less Familiar Applications of Option Pricing Methodology: 1) Contingent Consideration and 2) Valuation of Options Embedded in Tranche Financing and of Early Stage Capital Structures where Outcomes and Not Lognormally Distributed – Dwight Grant

Secondary Transactions: Considerations and Implications – Neil J. Beaton

Cross Border Transactions – Howard Johnson

IIBV Update – Michael Badham

Market Risk Premium and Risk Free Rate used in 51 countries in 2013: A survey with 6,237 answers – Dr. Pablo Lopez Fernandez

Measurement of Cost of Capital: Insights from Academic Research – Dr. Partha Mohanram

Business Value Stability Across Stock Market Corrections – William F. Pittock

CE CREDITS:   Please contact your respective organization to inquire about  CE hours.  [accordion title="Conference Organizing Committee"]

[/accordion] [accordion title="Conference Fees & Early Bird deadline"]

Payment can be made by Visa, MasterCard, Amex or cheque.

[/accordion] [accordion title="Cancellation Policy"]

Cancellation Policy

• Before July 1, 2014 – 60% refund
• After July 1, 2014 – no refund will be given however substitution of person to this conference will be permitted.  Refunds will not be applied to future conferences.
• Conference fee includes online access to conference presentations, breakfast, lunch and coffee breaks each day of the Conference.
• The CICBV will post all presentations on the Institute’s website approximately 1 week before the conference.  Access is only available to delegates who registered for the conference.

For further information, call the CICBV office at 416.977.1117 ext. 222 or email pelled@cicbv.ca [/accordion][accordion title="Conference Material"]All presentations will be posted here approximately 1 week before the conference.[/accordion][accordion title="Hotel Information"] Please book your hotel accommodations at the time of registration as space is limited.The cut-off date for our conference rate is September 24, 2014.

The following room rates are available and prices are based on single & double occupancy rooms:

• $ 205.00 – Standard Room (single or double occupancy)
• $ 235.00 – Full Lakeview (single or double occupancy)
• $ 255.00 – Corner King (single or double occupancy)

To book a room at the Westin Harbour Castle Hotel – please contact the hotel directly at: Tel: (416) 869-1600 or toll free at 1-800-Westin-1 When booking your hotel room, please identify the group “Canadian Institute of Chartered Business Valuators” or “ICJ24A”To book your room online, please click on the link below:

https://www.starwoodmeeting.com/Book/ICJ24A

[/accordion]

Travel Options

[accordion title="Air Canada is the Official Canadian Airline for the Conference - click to see promo code"] To book a flight with your promotion code, access aircanada.com and enter your promotion code in the search panel. Promo Code is: MNZPRFP1

• The booking is to be made to the following city: Toronto, YYZ (ON)
• The travel period begins Friday, October 17, 2014 and ends Thursday, November 06, 2014.
• No discount will apply to Tango and Executive Class lowest bookings for travel within Canada or between Canada and the U.S.

* Please note that the 12% discount does not apply to already reduced Z and D class Business Class (lowest) fares. [/accordion] [accordion title="Fly West Jet and Save…click here to see promo code"] WestJet is pleased to offer a 10% discount off the best-­available FLEX fare at the time of booking, excluding Econo and Plus fares (ie seat sales and web fares). The discount is valid for WestJet flights into and out of Toronto & Hamilton. To book reservations, please contact the WestJet Groups Department at 1.888.493.7853 and quote discount promo code CC7406 at the time of booking. Agents are available between 7 AM and 5 :30PM MST Monday-­Friday. The discounted rates are available for travel up to 7 days before and after the conference. Flight information can be found atwww.westjet.com [/accordion] [accordion title="Fly Porter and Save…click here to see promo code"] Porter Airlines is proud to offer a 15% discount on available base fares (with the exception of the lowest class fare during a public seat sale) for travel to and from ASA-CICBV National Conference. The discounted fares are available for booking from January 14, 2014 to November 3, 2014 and available for travel:

Please book online at www.flyporter.com or through your travel agent using promo code ASACIC. Porter offers complimentary in-flight snacks and beverages (including beer and wine), GatePorter service for carry-on and access to the Porter Lounge in Toronto and Ottawa, where free Wi-Fi and comfortable, leather seating is available. The promo code is intended for use by conference attendees and organizers and is not meant for distribution outside of authorized channels. Porter’s fare rules and conditions apply. For any questions regarding Porter’s services or any pre-travel concerns, contact us at 1-888-619-8622.[/accordion]

Sponsors and Exhibitors

Sponsor Exhibitor Package

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The 2013 Western Regional Conference will be held on September 19 & 20, 2013 at the Westin Whistler and promises to be of interest to CICBV Members, students and other professionals.  The conference committee has gathered a diverse, energetic group of speakers who will provide updates that will assist in enhancing valuation skill sets and expand on the tools needed to succeed in this continually evolving profession. 

Click here to view the conference brochure.

Keynote Address – Canadian Western Bank – Creating Shareholder Value – One Client at a Time – L. Pollock
Valuation of Technology – advanced methods and methods used in the transaction world – J. Webster
Composing the Deal – Inside the M&A Process – A. Sequeira, J. Afanasiff
Tax Planning/Structuring in the M&A Process – D. Baxter
Market Comparables: Application and Trends in an M&A Setting – G. Wallace, J. McGill
Guideline Income for Shareholders of Private Companies – B. Pisko, D. Tumbach
Angel Investors and Enterprise Valuations – Why we’re always the bad guy – J. Pinsent, R. Thompson
Being an Effective Expert Witness as a CBV – J. Spencer, P. McEwen
An Analysis of Objectivity and Subjectivity in the Determination of the Weighted Average Cost of Capital – P. Lobo
Delegates List as at September 1
Speakers List

Where Have We Come From?  What Are We Doing?  Where are We Going?
A celebration of CBVs.  A discussion of relevant topics.  Insights into our future.

Click here to view brochure

The 2013 Eastern Regional Conference will be held on June 20 & 21, 2013  at the Westin Ottawa  and promises to be of interest to CICBV Members, students and other professionals. The conference committee has gathered a diverse, energetic group of speakers who will provide updates that will assist in enhancing valuation skill sets and expand on the tools needed to succeed in this continually evolving profession. 

Practice Advice for CBV’s – What they did not teach you in BVal school – Richard Wise
Market Comparables: Application and Common Pitfalls in a Notional Valuation and M&A Setting – Anders McKenzie, Sean Smith
The Role of the CBV in Resolving Differences in Damages Claimed – Larry Andrade, William Horton
The Value Proposition in Renewable Power – Rami Jurdi, Julien Deschatelets
An Analysis of Objectivity and Subjectivity in the Determination of the Weighted Average Cost of Capital – Prem Lobo
Recently Observed Practical Issues in Purchase Price Allocations – Francois Huvelin, Luc Lafontaine
Tax Issues in Valuation – David Feher, Paul Mandel
Social Media Marketing in the Next Decade – Leslie Hughes
Fraud, Corruption, Horse Meat and Other Scandals: The Impact of Stigma on Business Valuations – Catherine Tremblay
Business Transition Demographics ~ Catch the Wave: Opportunities for the CBV – Doug Bruce, Jason Kwiatkowski, Trevor Allibon

The 2012 National Conference will be held on September 20 & 21, 2012 at the Westin Bayshore, Vancouver, BC, and promises to be of interest to CICBV Members, students and other professionals.  The Conference Committee has gathered a diverse, energetic group of speakers who will provide updates that will assist in enhancing valuation skill sets and expand on the tools needed to succeed in this continually evolving profession.

Click here to see the  conference brochure which highlights each plenary and breakout session.  It also provides important hotel and flight information.

Company Specific Risk: The Rather Large Elephant in the Room & Total Beta: The Solution to Shrink the Elephant (Butler)
Tax Controversies & Disputes (Kroft, Turnbull)
Valuing Contingencies; Part Science, Part Art (Heinzer)
Why Your Valuation is Wrong: The Art of Valuing Public Natural Resource Companies (Robinson, Watson)
Key Factors Impacting Business Valuation in Mid-Market (Lam, Tomassetti)
Finding & Analyzing Comparable Royalty Rates (Jarczyk)
Financial Modeling: Basics, Basics Plus Acquisitions, Accretion/Dilution Analysis and Earnouts (Gallant)
Credibility Under Scrutiny: A Study of Expert Evidence in Court Judgments: Final Findings and Views from the Bench (Henein, Lobo)
Using Dynamic DCF and Real Options Methods for Fair Value Accounting Purposes (Crosson, Samis)
Professional Services Marketing in a Digital World [Gone Mad] (Lintern)
Due Diligence: Bridging the Gap of Theoretical and Practical Pricing Models, Strategic and Financial Investor Perspectives (Baril, Hinse, Smyrski)
“Taking” Care of Business: The CBV in an Expropriation Context (McEwen)
Fair Value Under IFRS – What’s New and Implementation Challenges (Jensen, Patrickson)
Debt Market Update and M&A Trends (Christiansen, Scott)
Fair Value for Small Practitioners (Amano, Weston)
Family Law Dispute Resolution – Different Strokes for Different Folks (Freedman)
International Valuation Standards Update and What it Means to CBVs (Andrews, Harder)

Click here to see preliminary agenda.

• Keynote Speaker ~ Lower Churchill Projects – Nancy Tower
• Credibility Under Scrutiny: A Study of Expert Evidence in Canadian Court Judgments –  Prem Lobo & Peter Henien
• The Psychology of Mid-Market M&A –  Howard Johnson
• Financing Deals in the Current M&A Mid-Market –  Bill Farrell, Joe Fillmore, Daniel Hinse
• Current Issues in Tax Valuation   Moderator – Bill Vienneau      Panel – Mary Jane Andrews, Bruce Russell, Chris Wunder
• Applying CICBV Standards in Litigation ~ Moderator – C. Piercey (Provincial Court Rules – Expert Evidence) Panel – Paul Bradley, Lorne Siebert, Paula White
• Computer-Aided Financial Forecasting using Natural Language Processing – Dr. Vlado Keselj
• State of the Union & International Updates – Eleanor Joy, Brian Keough, Jeannine Brooks
• View from the Bench – Honorable Justice Walter Goodfellow
• Notional Valuation of SMEs – Overcoming the Challenges    Moderator – Dan Jennings        Panel – Michael Carnegie, John Carruthers, John Barton
• Impairment Analysis Under IFRS Nathalie Ladouceur
• Valuing Entrepreneurial Dreams – The VC Perspective    Thomas Hayes
• Minority Discounts in Private Company Settings – Kiu Ghanavizchian
• Dealer Rules CBVs Need to Know When Assisting Clients  – Jeffrey Hoyt, Shirley Lee, Brian Murphy

Please click here to see the Interim Brochure

Conference Materials:

• State of the Union Address – Jeannine & Eleanor
• The Global Economic Outlook and Implications for Canada – Craig Wright
• The Hollowing Out of Corporate Canada – Fact or Myth? – Ian Bourne
• Cost of Capital – Roger Grabowski (Supplementary material 1, supplementary material 2 and supplementary material 3)
• Emerging Trends in Public Private Partnerships and Implications for the Valuation Profession – Tim Heavenor, Troy MacDonald, Tom Loo – Gord (Moderator)
• International Updates – Mary Jane Andrews, Eleanor Joy, Brian Keough
• Trends, Challenges and Conditions on Raising Capital and Valuing Early Stage Companies – Jeremy Webster, Henry Kutarna, Rod Charko
• Legal Counsel and the Expert Witness – Roles, Best Practices, and Collaboration to Produce Favorable Outcomes – Lorne Siebert, Rob Koller, Derek Lloyd, Robert Thompson – Jeff to moderate
• Fair Value Update – Theory and Practice – Gerard McInnis, Greg Duerr, Paul Boechler and Spencer Cotton (Moderator)
• Current Topics in Tax Valuation – Vern Blair, Dennis Turnbull,Scott Lawritsen, Clarke Barnes
• Ethical Oil: the Moral Case for Canada’s Oil Sands – Ezra Levant
• Minority Discounts in Private Company Settings – Kiu Ghanavizchian
• Assessing Value Drivers: The Investors Point of View – Pat Ross, Anish Chopra, Tracey McVicar and Aroon Sequiera (Moderator)

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