FOR IMMEDIATE RELEASE
Fort Lauderdale, FL—May 27, 2009—The Institute of Business Appraisers (IBA), the pioneer of business appraisal education, professional certification, and resources, today announced that Bill Herber, Senior Vice President and Director of the Business Valuation Group of Shenehon Company, based in Minnesota, has been elected as a member of IBA’s Ethics and Standards Board, which is charged with monitoring IBA’s membership with regards to ethical and professional standards.
The Ethics and Standards Board is responsible for formulating proposals to the Governors for changes to and interpretation of IBA’s business appraisal code of ethics and standards. The Board is responsible for drafting technical opinions on issues involving ethics and standards rules and promoting member awareness and compliance with IBA’s business appraisal code of ethics and standards. In addition, the Board will monitor changes in the national and international valuation standards and government statutory and regulatory actions. IBA is very pleased that Bill Herber has offered his strong commitment to help ensure that IBA continues to effectively communicate its standards and investigate possible violations by serving on this very important Board.
Bill Herber is a Certified Business Appraiser (CBA) accredited by the Institute of Business Appraisers. Mr. Herber brings over 23 years of valuation experience in estate and gift, mergers and acquisitions, and marriage dissolutions to the association’s leadership position.
IBA’s elections were held in May of 2009. The Ethics and Standards Board nominations are open to the entire membership. Each elected member serves voluntarily and each commits to uphold the Board’s charter, participate in Board meetings, and attend IBA’s Annual Conference.
The Institute of Business Appraisers was the first organization to adopt business appraisal standards and ethics. Established in 1978, the Institute was the original pioneer in business appraisal education and professional accreditation. IBA offers the following designations: Certified Business Appraiser (CBA), accredited in Business Appraisal Review (ABAR), as well as Business Valuator Accredited in Litigation (BVAL) and Master Certified Business Appraiser (MCBA).
About IBA:
The Institute of Business Appraisers is the oldest professional society devoted solely to the appraisal of closely-held businesses. IBA’s education focuses on showing students “how to” perform the work. Our education courses provide a unique, hands-on, interactive approach to learning. IBA measures success by the professional advancement of its members and personal assistance through our volunteer sponsors and mentors. Headquartered in Fort Lauderdale, Florida, the Institute’s members receive free technical support and FREE access to IBA’s Market Database, the industry’s largest database of closely-held comparable business sales. To learn more about the benefits of an IBA membership, visit www.go-iba.org or call 800-299-4130.