September 13, 2023



 

Notice Board

BV Challenge Registration is now OPEN!

CBV Institute is pleased to announce that registration for BV Challenge 2023 is now OPEN. BV Challenge 2023 will take place on Wednesday, November 8, and Thursday, November 9, 2023.

The first-place team will be awarded $10,000. Second and third place will receive $5,000 and $2,500, respectively. CBV Institute will accept 25 teams into the competition; a maximum of two teams per university can participate.

All participants will have the opportunity to attend a training session on October 25, 2023, to learn the basics of business valuation that can then be applied to the case study.

Please consider sharing the information regarding BV Challenge 2023 found here with undergraduate students in your network.

 

CHANGES TO INSTITUTE NOMINATION AND ELECTION PROCESSES

CBV Institute is contemplating a change to its nomination and election processes. The Discussion Paper attached here outlines the reasons for the contemplated change.

Stakeholder input will be collected via:

  • Responses to the aforementioned Paper in an email to Christine Sawchuk, President & CEO by September 30th.
  • Feedback collected at the annual virtual practice roundtables in early October. To sign up for these events, please click here.
  • Feedback collected at a virtual roundtable which will focus on this matter on November 2nd. To sign up for this event, please email Deborah Hanlon.

We look forward to your feedback in this matter.


NEW CBV INSIGHTS: CROSS-BORDER M&A

With the recent push for a more online deal process, high cash availability in the U.S., a flight to quality, and a strong supply of Canadian companies hitting the market, the prevalence of cross-border transactions is expected to expand over the next several years.

In the latest edition of CBV Insights, Stephanie Lau, CFA, CBV advises Canadian sellers on a few strategies they can employ when engaging with a foreign buyer – and why they should not base their exit timing solely on the strength of the Loonie.

Read the latest edition of CBV Insight.

CBV Insights is a public-facing thought leadership periodical. It positions CBVs as credible experts offering valuable insights and innovative solutions. Pitch your idea for the next issue of CBV Insights to Heather Bennett.


SPONSORED RESEARCH INITIATIVE – REQUEST FOR PROPOSALS

Proposals for CBV Institute’s annual Sponsored Research Initiative are due by September 21, 2023.

CBV Institute welcomes all submissions that further innovative research in the business valuation field, including from Registered Students in the CBV Program of Studies and from CBVs at any stage of their career.

Submissions are also welcomed from academics and professionals who do not hold the CBV designation, but who work in complementary areas such as accounting, finance, economics, and litigation.

The winning proposal can be on any under-explored topic of relevance to business valuation practitioners. Top-of-mind topics for this year include, but are not limited to: (1) the unique challenges of valuing start-ups and high-growth companies, including Generative AI companies; (2) takeaways for practitioners from recent public market fluctuations e.g., the boom-bust cycles in technology, cannabis, and crypto; and (3) practice management considerations related to the adoption of AI and AVMs.

CBV Institute provides compensation of $10,000 for completion of the selected research project.

Read More…


RESOURCES: NEW BVR PASSWORD

CBV Institute reminds all Members and Students not to share resource access passwords.

Due to a breach, the password for Member and Student access to Business Valuation Resources (BVR) has been reset. For the most recent password, visit our BVR Portal.


SURVEY ON JOINT RETAINER PRACTICES

CBV Institute is surveying CBVs and Registered Students who have experience in joint retainer engagements. The goal of the survey is to compile data on the issues that come up in joint retainer engagements and how they are dealt with in practice. This data will inform guidance for the profession. Your responses will be kept strictly confidential, and the survey will take approximately five minutes to complete. Have your say!

Access the survey…


CBV INSTITUTE PRACTICE ROUNDTABLES

Join Dr. Christine Sawchuk, President & CEO, CBV Institute, Catalina Miranda, Vice President, Regulatory & Standards, CBV Institute, and your Regional Directors to share feedback on Institute initiatives and express your thoughts on the progress of our profession. Your perspective is essential in shaping how CBV Institute moves forward.

More information and registration are available at the links below.

B.C. & Prairies
October 3, 2023
Click Here…

 

Atlantic Canada
October 3, 2023
Click Here…

Quebec
October 4, 2023
Click Here…

 

GTA/Ontario
October 5, 2023
Click Here…


INSTITUTE TO PARTICIPATE IN V20

CBV Institute is pleased to announce that we are a participating organization for the V20 Valuation Summit & Conference, taking place October 27-29 in New Delhi, India.

The V20 Valuation Summit and Conference is organized by the Assessors and Registered Valuers Foundation (AaRVF), in association with the International Valuation Standards Council (IVSC). This is an important conference that recognizes the pivotal role of valuation in today's challenging times. 

The V20 aims to create a platform that brings together valuation professionals, practitioners, policymakers, and stakeholders from around the world.

The four basic themes of the conference are:

  • Data transparency and availability in global valuation practices.
  • Valuing livelihood, land use, and habitat.
  • ESG integration; redefining value in a changing world.
  • Strengthening professional capacity: advancing global valuation competence.

More Information…


Upcoming Events

 

Navigating the Hidden Cost of Employment Liabilities in a Valuation
Modern business valuation methods often overlook employment liabilities, a key strategic aspect. These liabilities, such as unfunded pensions, often arise from complex, unpredictable factors like dismissals, and are influenced by intricate employment law principles like common law reasonable notice. Join Alex Kagan from Aird & Berlis LLP as he explores how these employment liabilities affect business valuation, their implications in transactions, and strategies to manage them. He will also highlight the role of employment contracts and key differences in share and asset purchases.
September 26, 2023    
 
Forensic Tracing of Cryptocurrency Transactions
Join Brandon Lewis (Partner, White and Lewis) as he provides a basic understanding of how digital currencies, particularly cryptocurrencies, can be traced and analyzed in forensic investigations. As cryptocurrencies gain popularity, it becomes essential for investigators and legal professionals to grasp the tools and techniques available to unravel the digital trail left behind by these decentralized assets.
September 27, 2023    
 
How to Engage and Assure your Readers
Join Susan Glass (Retired Partner, KPMG), as she focuses on how to write a well-supported report that will engage your readers and provide them with confidence in your work. Amongst other things, consideration will be given to the report writing process, report content and organization, and key elements of report writing, including how to write clearly and concisely, the appropriate tense to use in valuation reports, and phrases to avoid. Susan will also walk registrants through relevant formatting issues. Finally, she will consider how reports should or will differ depending on the purpose of the valuation (litigation, tax, securities law, portfolio management, financial reporting, etc.) and the location of the engagement (Canada, U.S., U.K., etc.), along with the pros and cons of using report templates.
October 18, 2023    
 


ALL EVENTS


OTHER EVENTS 

Kroll Webinar: Higher for Longer? Cost of Capital in the Current Environment
September 28, 2023, 11:30 a.m. ET

ACG Toronto – 21st Capital Connection Conference
Canada’s largest debt and equity marketplace
November 14, 2023 – Beanfield Centre, Toronto
Discount code: PACAPCON2023

ASA Litigation in Valuation Conference 
November 30, 2023 - Virtual 

 

CAreer Opportunities

 

        
Open Position Company
Senior Manager, Financial Planning & Analysis Amica Senior Lifestyles
Toronto
Associate / Senior Associate Secretariat
Varied
Senior Analyst, Private Equity & Infrastructure, Valuations, Investment Operations Healthcare of Ontario Pension Plan
Toronto
Valuations Specialist Capital Power Corporation
Edmonton
Associate and/or Senior Associate (Hybrid/Remote Role) White & Lewis
Toronto

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