III Membership Nomination Form
Due Dates: February 1 and October 1
The Institute’s Board of Directors, with the benefit of a recommendation from the Executive Committee which follows a recommendation from the Membership Committee, will periodically consider nominations for membership. The process and criteria for new member nomination and consideration is set forth below.
STEP ONE
STEP ONE IS CONFIDENTIAL
PLEASE DO NOT INFORM THE NOMINEE
A. ELIGIBILITY CRITERIA
In general terms, a nominee must be a senior and experienced practitioner, academic, regulator or judge satisfying each of the following membership criteria (all of which shall be addressed in the CV, Summary, Nominator letter and/or Sponsor letters):
1. Excellence in the nominee’s local or applicable market;
2. Recognition as a leading practitioner, academic, judge or other professional in that local market and internationally;
3. Depth of experience in the international insolvency field (subject to stringent exceptional circumstances, a nominee must have not fewer than 15 years of experience in the field of international insolvency);
4. Significant contributions to the international insolvency field and community (for example, through scholarship, advocacy, international work);
5. Demonstrated international insolvency credentials;
6. Excellent character; and
7. Likely to be willing to actively participate and make a substantive contribution as a member of the Institute, based on the nominator’s knowledge of the nominee’s involvement in similar activities to date.
Note: There may be flexibility with certain of the Eligibility Criteria. For example, the Institute seeks broad and balanced geographic diversity, including membership in unrepresented or under-represented regions and countries where international insolvency may not be as well developed over a long period, in recognition of the organization’s international scope and mandate. There may be flexibility where a nominee is from a jurisdiction where there are very few cross-border insolvency matters, or where there is limited insolvency work so that insolvency is only part of the nominee’s practice. This flexibility may, for example, be available to be exercised in order to increase the geographic diversity in the Institute’s judicial membership, where that is considered a necessary step to increasing the development of international insolvency practices in the region. Similarly, consideration will be given to modifying the 15-year requirement in a particular case where the country or region is under-represented and where the nominee’s credentials are otherwise outstanding, and all other aspects of the Eligibility Criteria are met.
B. NOMINATION PROCESS
Both the Nominator and the Sponsors must be members of the Institute. Importantly, they may not be a partner, business associate or relative of the nominee. If the Nominator believes the nominee meets all Eligibility Criteria but is unable to procure two Sponsors, the Nominator must attach an explanation as to why this requirement should be waived. (For example, the nominee may be from a country not presently represented within the Institute’s membership, and not well known beyond that country.)
The nomination must be accompanied by a detailed CV of the nominee (or a reasonably comparable written Summary of Professional and Educational History). Importantly, if any of the Eligibility Criteria information referred to in Part A is not adequately covered in the CV or Summary, such information should be included in the letters of nomination and/or sponsorship. Each nomination package needs to address all of the Eligibility Criteria in one way or another so as to provide meaningful information to establish that the high standards of the Institute are being met, for consideration by the Membership Committee. If obtaining the information presents a challenge (for example, because the nominee is a judge and does not have a published CV or Summary) permission may be obtained from the Membership Committee or Executive Commitee to approach someone familiar with the nominee who may be in a position to obtain the relevant information.
C. WHAT THE NOMINATOR NEEDS TO DO
1. Nominator Package and Tasks. The Nominator must complete and submit the online Nominee Profile below, which among other things, requires the Nominator to:
a. CV or Summary. Procure and upload a CV, online bio or Summary that addresses each of the Eligibility Criteria in Part A (subject to addressing such criteria in the nomination and/or support letters);
b. Nominator’s Letter. Prepare and upload a letter of nomination (i) satisfying the requirements set out in point 2 below, (ii) addressing any Part A Eligibility Criteria that may not be addressed in the nominee’s CV or Summary, and (iii) confirming that the nominee has more than 15 years’ experience in the international insolvency field or an explanation as to why that is not the case and consideration should still be given to the nominee;
c. Sponsor Letters. Procure and upload Sponsor letters of recommendation from at least two Institute members, which letters (i) comply with Part D and (ii) address any Part A Eligibility Criteria that may not be addressed in the nominee’s CV or Summary;
d. Electronic Mail Submission. When ready, in addition to uploading the foregoing, send the complete package (i.e., CV, online bio or Summary, nomination letter and two or more Sponsor letters) to CC Schnapp (ccschnapp@iiiglobal.org).
2. Relationship Certification and Knowledge. The letter of nomination may be either a letter or an email containing the signature block of the Nominator. It must:
a. Include the following certification:
“To the best of my knowledge, the nominee maintains the highest ethical and professional standards in the practice of her/his specialty. Further, I am not a partner, business associate or relative of the nominee.”
b. Specify how (and how long) you have known the nominee, in what capacity, and why you believe the nominee will make a worthy member of the Institute and a contributor to its work.
D. WHAT THE SPONSOR NEEDS TO DO
There need to be two or more Sponsors’ letters of recommendation in support of the nomination. Each must:
1. Relationship Certification. Include the following certification:
“To the best of my knowledge, the nominee maintains the highest ethical and professional standards in the practice or his/her specialty. Further, I am not a partner, business associate or relative of the nominee.”
2. Knowledge Certification. Specify how (and how long) you have known the nominee, in what capacity, and why you believe the nominee will make a worthy member of the Institute and a contributor to its work. It can, for example, include details around the local and international insolvency work of the nominee and the nominee’s reputation.
STEP TWO
PROPOSED NOMINEE APPLICATION
1. Only proposed nominees that are recommended by the Membership Committee to the Executive Committee of the Board and are approved by the Executive Committee for consideration by the Board from the confidential process described in Step 1 and in respect of which there is no objection at the Board level (“Proposed Nominees”), will be advanced to Step Two.
2. Each Proposed Nominee will be asked to describe how the Proposed Nominee proposes to contribute to the Institute and which committees, or other areas of the Institute’s work the Proposed Nominee would be most interested in contributing to.
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