The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international technical and ethical standards for valuations on which investors and others rely. IVSC is responsible for developing the International Valuation Standards and associated technical guidance. To ensure that the public interest is effectively protected, it also engages with other bodies active in the regulation of the financial markets to ensure that valuation issues are properly understood and reflected. IVSC works cooperatively with national professional valuation institutes, users and preparers of valuations, governments, regulators and academic bodies, all of whom can become members of IVSC and play a role in advising the Boards on their agenda priorities. In developing its standards and technical guidance, IVSC follows a process of issuing discussion papers and exposure drafts for public comment. The IVSC is recognised by the United Nations Department of Economic and Social Affairs. Objectives and activities The objectives of the IVSC are to strengthen the worldwide valuation profession by: Developing high-quality international standards and supporting their adoption and use Facilitating collaboration and cooperation among its member organisations Collaborating and cooperating with other international organisations and regulatory authorities Serving as the international voice for the valuation profession Boards Board of Trustees The IVSC is governed by a Board of Trustees responsible for the strategic direction and funding of the organisation. The Trustees are also responsible for the appointment of the Standards Boards and Membership and Standards Recognition Board. The current Board of Trustees comprises: Alistair Darling (Chair) Lim Hwee Hua (Vice Chair) Kathleen Casey Marcelo Barbosa Ana Maria Elorrieta Jacque Potdevin Zhang Genghua Jay E Fishman Narayan Seshadri Ranjit Ajit Singh Iseo Pasquali Linda de Beer Japheth Katto Aiko Sekine Notable former members: Michel Prada (Chairman 2009 - 2011) Sir David Tweedie (Chairman 2012 - 2019) History The origins of IVSC lie in the International Assets Valuation Standards Committee (TIAVSC) that was formed in 1981 with the objective of developing consistent standards across national borders. The founder members were a number of professional institutes mainly concerned with real property valuation. The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the valuation of assets other than real property. Following a restructuring of the organization in 2008, its name