World Credit Organization [WCO] resolution type, effectiveness level, creation-World Credit Organization

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ICE8000 credit knowledge column
  • 1. "Introduction to ICE8000 Credit Knowledge"
  • 2. "Building an Integrity Unit——ICE8000 Integrity Management"
  • 3. "ICE8000 Credit Investigation, Analysis, Rating"

    • 8.3 World Credit Organization [WCO] resolution type, effectiveness level, creation

    The resolution of the World Credit Organization [WCO] is actually the law of the World Credit Organization [WCO], and members need to abide by it.

    The resolution type and effectiveness level of the World Credit Organization [WCO] can be regarded as the same concept. If the type of a document is a council resolution, its effectiveness level can also be said to be a council resolution. The purpose of proposing the level of effectiveness is to determine who has the highest effectiveness, who has the highest effectiveness and who has the veto power when different types of documents conflict.

    The World Credit Organization [WCO] has five types of resolutions, sorted by effectiveness level as follows:

    1. Member referendum documents.

    A document produced by a referendum of members, called a member referendum document, has the highest validity in the World Credit Organization [WCO]. The charter is a member referendum document.

    2. International Court of Ethics Ruling

    1. If a member complains, the International Moral Court has the right to review whether the council resolutions, administrative resolutions and other documents violate the articles of association after the trial, and has the right to rule whether the relevant documents violate the articles of association.

    2. Since the World Credit Organization [WCO] is based on the common law system, the ruling of the International Moral Court on individual cases may also lead to the actual invalidation of council resolutions, administrative resolutions and other documents.

    3. Resolutions of the Council

    1. If two independent councils discuss and pass, the other three independent councils do not object, and the president fails to effectively veto, a council resolution can be created.

    2. The resolution of the board of directors must not conflict with the articles of association or other member referendum documents. If they conflict, it is an invalid document, and relevant personnel have the right not to implement the document after explaining the reasons.

    3. Procedures and conditions for the formation of council resolutions:

    In the first step, the proposal is reviewed and approved by more than two (including this number) independent councils.

    The second step is to submit the proposal to other independent councils and allow a reasonable time. If there is no effective veto by other independent councils within a reasonable time, proceed to the next step.

    The third step is to submit the proposal to the president of the executive committee for signature, which will become the resolution of the board of directors after signing. If the president of the executive council vetoes the proposal, a second round must be carried out (steps 1, 2, and 3 will be repeated). In the second round, if the proposal has not been modified, and has obtained more than two-thirds of the votes in the first independent council vote, and passed the second step, the proposal does not need to be signed by the president of the executive committee and automatically becomes a director will decide.

    Fourth, administrative resolution

    All kinds of written documents issued by the president within the scope of authority, except for council resolutions or member referendum documents or individual resolutions, are all administrative resolutions. Administrative resolutions are organizational resolutions. Members should implement the requirements and prohibited contents in the administrative resolutions. Members should pay full attention to the contents of guidance, suggestions and suggestions.

    Administrative resolutions must not conflict with member referendum documents such as the articles of association or the resolutions of the council or the articles of association. If the conflict is an invalid document, the member has the right not to execute the document after explaining the reasons.

    If the executive resolution made by the president within the scope of authority has an interest with the members, the president should try to listen to the opinions of the members before making the resolution, especially the formal opinions of the board of directors should be fully paid attention to.

    V. Separate resolutions of the council

    In the first step, the proposal is approved internally by an independent council.

    The second step is to submit the proposal to other independent councils and allow a reasonable time. If no other independent council vetoes within a reasonable time, proceed to the next step.

    The third step is to submit the bill to the president of the executive committee for signature, which will become a separate resolution after signing. If the president of the executive council vetoes the proposal, a second round must be carried out (steps 1, 2, and 3 will be repeated). In the second round, if the proposal has not been modified, and it has obtained more than two-thirds of the votes in the independent council vote in the first step, and passed the second step, the proposal does not need to be signed by the president of the executive council, and it will automatically become a single line resolution.

     

    Tips: ICE8000 standard and World Credit Organization [WCO] resolution

    1. The ICE8000 standard is an integral part of the resolution of the World Credit Organization [WCO].

    2. In the ICE8000 system, the effectiveness level of some standards is member referendum documents, such as: the World Credit Organization [WCO] constitution, and some are council resolution documents, such as: ICE8000 meeting standards. If it is a member referendum document or a council resolution, it will be marked in the standard. If it is not marked, its effectiveness level is an administrative resolution.

    3. When the president of the executive council creates and revises the ICE8000 standard for the effectiveness of administrative resolutions, he should send a letter of consultation to the council.

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