Shanghai, 5th November 2013
Recent events threaten to undermine the inherent trust in PCO/Client relationships. Clients will certainly be asking many more pointed questions about the treatment and protection of their funds.
The World PCO Alliance and each of its member companies have been and remain committed to simple and sustainable guidelines relative to client finances.
“Our Pledge to Clients:
1) We provide transparency in all we do but especially in regard to the handling of client funds
2) As allowed by law or country specific regulations, we separate event financials completely from
other organizational finances and demonstrate this through separate sub or trust accounts
3) We provide rigorous financial reporting
4) We support recommended guidelines for independent audits
5) We support appropriate insurance protections for both parties.
These simple guidelines allow our member firms to maintain solid relationships with their current clients
and build the appropriate trust in new client relationships. ”
Per Ankaer, the Danish President of the World PCO Alliance says; “our members have recently been contacted by several associations, who were interested in the World PCO Alliance financial concept.
Association clients indeed deserve financial transparency and protections. This financial security is our utmost priority and Alliance members look forward to working closely with our clients under these guidelines for all congresses and events with which we are entrusted.”
