The International Valuation Standards Council (IVSC) recently formed a Membership and Standards Recognition Board that will focus much of its efforts on the IVSC's objective to be seen and referred to as the global standard setter for valuation with international valuation standards. Among other activities, this board will play a key role in helping respond to requests to develop the profession in emerging markets. The new board’s chair is Eric Teo (IVAS, Singapore), and its members are: Aart Hordjik (NRVT, Netherlands); Allan Beatty (AIC, Canada); Eleanor Joy (CICBV, Canada); George Badescu (ANEVAR, Romania); Jeannette Koger (AICPA, U.S.); Jiang Wei (CAS, China); Ken Creighton (RICS, Global); Phil Western (API, Australia); and Shigeko Mizutani (JAREA, Japan).