World Credit Organization [WCO] membership type, conditions, rights, obligations - World Credit Organization

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8.2 World Credit Organization [WCO] membership types, conditions, rights, obligations

1. There are seven types of members of the World Credit Organization [WCO]:

(1) Membership of credit practitioners. Those who have obtained the organization's credit practice registration will naturally become members of this type.

(2) Members of credit institutions. Credit practice institutions that have obtained organizational credit practice registration will naturally become members of this type.

(3) Integrity individual members. Individuals who have obtained ICE8000 certification or ratings will naturally become members of this type; natural persons who are sponsored by members and promise to abide by this constitution can register as members of this type.

(4) Members of integrity units. Units that have been certified or rated by ICE8000 will naturally become members of this type; units that are sponsored by members and promise to abide by this constitution can be registered as members of this type.

(5) Members of Integrity Countries and Regions. Countries or regions that have obtained ICE8000 certification or ratings will naturally become members of this type; countries or regions that promise to abide by this charter can register as members of this type.

(6) Investor membership. Investors who hold equity in the organization and promise to abide by the Articles of Association can register as this type of member.

(7) Donor membership. Donors who donate more than US$1 to the organization and promise to abide by this charter can register as this type of member.

Second, members enjoy the following rights from the date of provisional membership:

(1) The right to participate in the activity;

(2) The right to criticize;

(3) the right to suggest;

(4) Supervisory power;

(5) The right to sponsor members;

(6) Right to withdraw from membership.

3. From the date of official membership, members enjoy the following rights in addition to all the rights of temporary members:

(1) The right to know.

(2) The right to be elected.

(3) Suffrage and voting rights. Investor members have one voting right for each share (the voting right is also regarded as a voting right). If the board of directors makes a resolution otherwise, its resolution shall prevail. The calculation method of the voting rights of donor members needs to be reviewed by the board of directors. All types of members other than investor members and donor members have one voting right per member.

4. Members shall perform the following obligations from the date of provisional membership:

(1) Obligation to comply with organizational resolutions (according to Articles 17.2 and 17.3);

(2) Obligation to avoid intensification of conflicts as far as possible (according to Article 17.1);

(3) Obligation to pay membership dues;

(4) The obligation to truthfully reflect the situation and provide truthful information to the organization;

(5) Obligation to serve as a juror.

The above content is excerpted from "Introduction to ICE8000 Credit Knowledge" (written by Fang Bangjian, free to use, but please indicate the source)