IVSC has taken a significant step towards furthering its mission of promoting and enhancing valuation standards globally with the appointment of four new experts to its Tangible Assets Board (TAB).
Tangible assets, including real estate, plant and machinery, and other physical assets, are a crucial component of the global economy. Accurate and consistent valuation of these assets is of paramount importance as the world’s greatest store of net wealth, which is why the IVSC is dedicated to fostering the development of high-quality, transparent, and ethical valuation practices for tangible assets.
The new appointees bring a wealth of practical experience in the valuation of tangible assets. They are prominent in their fields and include experts in ESG and risk management. Their appointment will broaden the geographic footprint of the TAB and enhance its collective skillset.
”We are pleased to welcome these highly regarded individuals to the Tangible Assets Board. With their appointment, the board's expertise and impact in shaping the global standards for tangible asset valuation will be further amplified, solidifying the IVS as the primary framework for valuation practice worldwide.
Kim S HildebrandtIncoming Chair, IVSC Tangible Assets Board
The new board members are: Ron Cohen (Director, Israel IVS Forum), Becky Gaughan (Head of Quality and Risk Management, Europe, CBRE), Kyle TenHuisen (Managing Director, Valuation Advisory, Stout, United States) and Paakow Winful (Director, Global Tangible Assets Valuations & Advisory, Taqeem, Saudi Arabia). They will take up their roles on the TAB from 1 April 2023 on an initial three-year term.
Ron Cohen
Becky Gaughan
Kyle TenHuisen
Paakow Winful
The IVSC is committed to fostering the development of high-quality, transparent, and ethical valuation practices for tangible assets. The appointment of these new experts to the TAB is a testament to the IVSC’s continued commitment to this mission.
In April, the IVSC will publish an Exposure Draft outlining proposed updates to the International Valuation Standards. The consultation, which will run for 12-weeks, will seek feedback on changes including new standards for ‘data and inputs’ and explicit references to ‘ESG’ within the valuation process. An updated version of IVS is expected to be published in 2024.