CALL FOR EXPRESSION OF INTEREST TO SERVE ON BOARD OF DIRECTORS

We will hold our election of Directors to the Board of Directors during our Annual Meeting of Members on June 14, 2021, in Toronto. The Governance and Nomination Committee of the Board assumes responsibility for the nomination of suitable candidates for election to the Board of Directors in addition to Members elected in respect of a Region. This year, there is one At-large Director seat up for nomination by the Governance and Nomination Committee. At-large Directors serve for a three-year term.

If you are interested in exploring a Board of Director’s leadership opportunity through an At-large Director nomination by the Governance and Nomination Committee, please click here to access CBV Institute Board of Directors Notice which details the information on the role of the Board Director, current Board and Committee and Advisory Council structure, time commitments, and desirable Board competencies.

For the 2021 – 2024 At-large Director nominations, the Governance and Nomination Committee has prioritized the following attributes in order to strengthen the Board in alignment with CBV Institute needs:

• Individuals with a diverse range of experience
• Individuals who are leaders in their practice
• Individuals who work at small/mid-sized firms and/or serve small/mid-sized markets
• Individuals with experience in innovation, governance and change management.

In order to be considered by the Governance and Nomination Committee, please express your interest by following the application process detailed in the Board of Directors Notice by January 31, 2021.

The Governance and Nomination Committee will identify candidates whose qualifications and experience align with the current needs of CBV Institute. Identified candidates will be asked to complete a self-assessment matrix form and go through an interview process before a final selection is made. An expression of interest does not guarantee that the candidate will be selected for nomination by the Governance and Nomination Committee this year. However, your expression of interest may be retained for consideration in the future. We thank you for considering this opportunity to help us shape the future of our profession.

MEMBERSHIP APPLICATION DEADLINE APPROACHING

The next membership application deadline is January 15th.  Details regarding the membership application process can be found here.

WINTER TERM 2021  REGISTRATION CLOSING JANUARY 13

No late registrations will be accepted.

Registration for the Winter Term 2021 is open until Wednesday, January 13, 2021. If you are an incoming Student, please make sure to create a profile first. Once created:

1. Log in to your profile and click on Become a CBV
2. Click on “register now” on the left-side menu
3. You will be prompted to answer some qualifying questions
4. You will then be asked for permission to share your information with York University (selection of courses and payment is done on their platform, and the courses are also run on their e-learning platform Moodle)
5. You will be auto-directed to York University’s website where you can select the requisite course and make the necessary payment.

Within 72 hours of registration, Students should receive an email from York University with information and instructions on how to access the course, using Moodle, and any program-related documents like course notes, Student orientation guide, etc.

For questions regarding access to Moodle please contact, itscs@yorku.ca directly.

2021 MQE - CALL FOR QUESTIONS

Preparations for the 2021 MQE are underway! CBVs interested in submitting a question for the 2021 MQE should submit a 1-page synopsis of their question to CBV Institute’s Education Department, at education@cbvinstitute.com, by Monday, January 11, 2021.

On Friday, January 15, 2021, CBVs will be invited to the 2021 MQE Authors Clinic (on Friday, January 22, 2021) based in part on their synopsis. The 1-page question synopsis must include the following elements:

• Summary, at a high-level, of the scenario in the question. 
• Description of the industry involved in the question.
• Outline of the technical and professional areas being tested.  

The MQE Authors Clinic will be held on Friday, January 22, 2021, from 9-12:00 pm EST. The Clinic is a venue for potential authors to share their ideas on proposed questions and get feedback from the other potential authors and the Institute. Following the Clinic, the potential authors will have approximately one month to develop full questions and skeleton solutions. Question Authors are compensated.


If you would like more details on the question drafting, selection, writing, and approval process, please contact the Education Department at the email address above.

NEW INTERNATIONAL VALUATION GLOSSARY OPEN FOR COMMENT

CBVs and Students are invited to comment by January 31, 2021.

We are pleased to announce the new International Valuation Glossary – Business Valuation is now available for comment. This extensive new Glossary will advance and replace CBV Institute’s Practice Bulletin No. 2 - International Glossary of Business Valuation Terms. It was developed in a joint effort with other major global Valuation Professional Organizations (VPO’s). All participating VPO’s will be moving to adopt the Glossary, including CBV Institute.

As part of our due process, an exposure draft is being released for comment to ensure this new resource meets the needs of the CBV profession. CBV Institute is committed to the highest quality of professional standards and guidance. Your feedback is an important part of achieving that goal. Thank you in advance for your response!

TO RESPOND

• Use this online feedback form for easy review and submission
• Click at bottom of introduction to view the draft Glossary (in English or French)
• In a separate word document or pdf file, note your feedback, such as:
  - Additions, omissions, refinements, or corrections of specific terms
  - Overall comments or questions on the Glossary or development process; or other general remarks or concerns
  
• Click NEXT on form and follow the instructions to upload your file and fill in your name
• Click DONE to submit

IMPORTANT SURVEY ON STANDARDS AND CALCULATION VALUATION REPORTS - ISSUES AND FUTURE DIRECTION

CBV Institute has released an important survey seeking views and input from CBVs on the Institute's existing valuation standards (CBV Institute Practice Standards Nos. 110, 120 and 130 and related guidance) and, more specifically, with respect to Calculation Valuation Reports. The survey explores important and consequential issues for practitioners such as:

• Distinguishing the Scope of Work requirements for each of the 3 types of valuation reports,
• appropriate usage for each type of valuation report,
• whether the report labels remain relevant, and
• whether the standards can better reflect market needs.

Survey results will be considered by CBV Institute's Professional Practice and Standards Committee (PPSC) in order to better inform how the independent valuation standards and guidance could be revised, improved or clarified. It is an important first step towards a comprehensive review of all valuation practice standards in 2021.

Note that any future proposed revisions to the Practice Standards would follow due process, including normal course exposure draft processes and public stakeholder consultation.

Have your say today! The survey is open until January 15, 2021.

Take the survey!

ANNUAL MEMBERSHIP FEES & INSTALLMENT PAYMENT OPTION FOR 2021

The Annual Membership Fee for 2021 has been held at $885 for the fourth year in a row. CBVs will now have two payment options; all at once when invoiced in January or in 4 installments over the year. The conduct and disciplinary fee, along with all other CBV Institute fees, including course fees, have been held at 2020 levels as well.

Here’s what you need to know about installment payments:

• Each installment will be one-quarter of the total Annual Membership Fee
• Installment payment dates: when invoiced in January, March 31st, June 30th and September 30th
• A $20 administrative fee will be charged for each installment payment

For questions please email carol.walford@cbvinstitute.com.

UPCOMING MEMBERSHIP RENEWAL – SPECIAL STATUS FORM REMINDER

A reminder that CBVs need to submit their special status form for the upcoming membership renewal. This should be done as soon as possible.

For more information and special status forms click here.

TOP CBV UNDER 40 IN MEMORY OF DAVID CORNFIELD CA, CBV NOMINATIONS OPEN

Nominations are now open for Top CBV Under 40 in Memory of David Cornfield CA, CBV, recognizing an exceptional CBV on-the-rise in his or her career who has demonstrated success in a broad diversity of interests, brought distinction to the profession, and embodies outstanding service. Such a CBV is inspiring not only for career accomplishment, but for realizing meaningful ways of giving-back while achieving impressive professional goals.

Nomination Deadline: January 31, 2021

Download the nomination form