From the Chair continued from page 3 in several critical areas, and produced an ambitious action plan that we now seek the engagement and support of our membership to undertake. Membership Engagement & Collaboration The goal here is to construct and put into place an end-to-end chain of initiatives to identify, nominate, onboard and engage our new and recent members to promote active participation and advancement in the international insolvency arena. Among other things, that effort will include:
• A request that the Regional Committees appoint regional admissions councils to identify, vet and recommend candidates, commencing with the creation of a“ name bank” of active and future candidates to be updated each year.
◦ The admissions councils will be asked to continue to focus on diversity in all its forms in their identification of prospective individuals who may qualify for membership.
• A more formal approach to the onboarding and integration of new members, including:
◦ Some form of welcome ceremony or recognition at each Annual Meeting,
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Legendary Dinner, in addition to the New Member Breakfast held each year.
◦ Mentorship from nominators and / or a committee that will focus on post-induction engagement, to promote and advance our position as an“ active member organization” that will channel the efforts of our new and recent members to support III initiatives through Committee membership and other contributions.
• A more clearly defined set of terms of reference for our active committees, including the conduct of virtual meetings 4-6 times / year or more often as needed, and an afternoon slot for hybrid live / virtual Committee meetings each year at the Annual Meeting.
• Active engagement and participation of our members to advance collaboration efforts with other like-minded organizations on the international and regional levels – particularly in emerging markets in which our current membership may be underrepresented. Identity & Differentiation Especially as we advance that process of collaboration, it becomes more important for us to identify and differentiate our unique place in the global insolvency market, and to publicize both internally and externally that we are an organization that is at once inclusive and exclusive-- an excellence-driven, active member organization that seeks out, engages, attracts, offers membership and provides opportunity for the best and brightest thought leaders of the insolvency community all over the world, including in new and emerging markets.
Membership and active participation in III carry with them direct access to and engagement with the leading practitioners, judges and academics from all over the world – the people whose energy and thought leadership propel the advancement and development of insolvency law reform in every jurisdiction. We act not in competition with other insolvency-focused organizations, but in furtherance of and commitment to these goals, as a smaller, high-caliber group that consistently turns out the most thoughtful and leading content and offers unique opportunities for participation at the highest level.
This is our identity. This is our value proposition. This is what we bring to the world of international insolvency in a way that distinguishes us from other global and regional organizations, and that we must strive to achieve and communicate both internally to our members and externally to the larger international community as relevant to our mission. Our Financial Model To be sure, the ambitious agenda and strategic plan we seek to implement requires that
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