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Roles in the Institute


BOARD OF MANAGEMENT

Responsible to membership (through AGM) for planning, directing and controlling all IVMA activity;  “meets” once or twice per year to agree on broad priorities and activities for year (usually by tele-conference or through exchange of correspondence etc);  appoints Public Officer and Hon. Editor of Value Times; has sole right to confer the grade of Fellow.  

EXECUTIVE (OF BOARD)

Responsible for fulfilling role of Board on a day-to-day basis between Board “meetings”;  formally “meets” (by means set out above) as required and may make decisions by consensus through phone conversations and exchange of ideas by fax and E-mail;  on recommendation of Membership Committee, grants (in name of Board) membership grades up to “Member” and approves 3-year periods of registration as “Registered VM Facilitator”; refers to Board any recommendation for award of grade of Fellow and all issues of policy, with appropriate recommendations;  pre-considers all issues to be addressed by Board and prepares recommendations for Board to endorse;  may establish a Regional Committee and delegate authority for day-to-day management of funds that the Executive considers appropriate for local activity but may not delegate any ownership of Institute funds/resources.

AUDITOR

Appointed by members at AGM to report directly to the membership on the standard of financial management provided by the elected office bearers; may provide advice on financial matters to Board, Executive and/or Hon Treasurer.

EDITORIAL COMMITTEE

Supports the Hon Editor of Value Times; established by the membership at 1997 AGM with formal authority and responsibility to ensure that Value Times material is “helpful, interesting and edifying for the Institute and its members”; has a refereeing and advisory role; convenes at request of Executive or Hon Editor.  

MEMBERSHIP COMMITTEE

Considers applications for all grades of membership and the 3-year periods of registration as “Registered VM Facilitator” in accordance with Institute’s published criteria; prior to endorsing any application or nomination to grade of Fellow, seeks the view of the College of Fellows through the College’s Convenor;  recommends admissions, upgrades and registrations to Executive; reviews membership criteria from time to time, recommends any criteria changes, Board puts changes to a General Meeting of members.

EDUCATION AND TRAINING COMMITTEE

Reviews applications for accreditation of courses that seek to provide educational credentials for membership;  considers qualifications of membership applicants who have undertaken courses outside those accredited by the Institute; reviews accreditation criteria from time to time;  makes recommendations on any accreditation or other Education & Training matters to the Board.

INTERNATIONAL COMMITTEE

Gathers and provides advice to its Chairman and the Board about the Institute’s international relationships, including information of relevance to members wishing to pursue international opportunities.

REGIONAL GROUP COMMITTEES
(for progressive establishment in Australia and beyond)

Build on the initiative taken in Sydney some years ago to foster the development of local grass-roots activities for members and other interested parties;  these activities are locally driven and implemented, subject only to such controls as the Board considers necessary to protect the name and resources of the Institute; in particular, the finances provided for or generated by any Regional Group are part of the Institute’s finances and are therefore totally subject to the control of the Board (including resumption and audit).

COLLEGE OF FELLOWS

Comprises all Fellows of the Institute; functions largely as a coterie of elder statesmen/counsellors/ambassadors and provides advice as requested on any matters relating to Value Management or the Institute;  in particular, considers any referral from the Membership Committee concerning a proposal to award the grade of Fellow.