IIOM UK AGM
IIOM was formerly a trade association and is now a recognised Professional Institute. The essence of this transition was to enable the professional development and regulation of individual members whilst still serving the interests of organisations with involvement in obsolescence activities, products and services. To enable this transition IIOM had to change its constitution. The changes are broadly detailed below.
The Legal Structures
International Institute of Obsolescence Management Ltd (IIOM International) is a professional association registered in the UK. IIOM International control the IIOM brand, Logo and professional development scheme and registration, and authorise IIOM Chapters to operate in defined territories under control of a Delegation Agreement.
IIOM UK Ltd (IIOM UK) is the authorised IIOM International Chapter for the UK.
Members will pay subscriptions to their chosen IIOM Chapter which will, in turn, pay an annual Licence Fee to IIOM International.
Democracy and Voting
IIOM International is led by a Board of directors registered with Companies House comprising: -
- The Chairman of each Chapter;
- A delegate from each Chapter elected by its members
- The President elected from and by the Board
- Officers with designated roles (not registered as directors with companies house)
Each IIOM Chapter is led by a Council (elected by the Chapter Members) registered as directors with Companies House (or the equivalent local authority in the territory).
IIOM UK became a legal chapter of IIOM International on the 18th October 2018 when the formal Delegation Agreement was signed by the IIOM UK Council.
Under the terms of this agreement, IIOM UK must hold an annual AGM within 11 months of the commencement of the Delegation Agreement, and thereafter once every 12 months. This is a new requirement, as AGMs were not mandatory under the previous constitution.
The AGM is the meeting at which the Annual Report and the Annual Financial Report are submitted to the membership for approval. As we will not be holding a members meeting in June due to the International Conference, and the October members meeting will be too late, we will be calling and holding an AGM before the February IIOM Members meeting. Going forward IIOM UK will then propose to hold the AGM annually in October
All IIOM UK members will now receive a calling notice 21 days before the AGM advising of the date, time and location of the meeting, and listing the business discussed. As the accounting year for IIOM UK ends on 31st March, we will be approving the Annual Report and Accounts to 31.3.18. A copy of the accounts will available with the notice. These accounts were compiled under the transition arrangements, where IIOM International collected all subscriptions and paid a grant to the IIOM Chapters.
We encourage all members to attend the AGM, which is followed by a regular IIOM UK Members meeting, and look forward to seeing you there.