All CMR members are required to agree to abide by CMR's ethical and confidentiality rules. Please read and undertake if you agree.
I agree to: 1) Carry out my professional work responsibly and with integrity. 2) Unless specifically authorised by the client, keep confidential all information, data and other details relating to that client. Further, not to cause or allow confidential information to be misused or to be published in any way without the permission of the client. 3) Not use information acquired during a previous consultancy assignment which in any way could be detrimental to the former client. 4) Not receive any undisclosed material benefits other than normal emoluments from any recommendation made in the course of duty. 5) To keep confidential all information, data and other details resulting from CMR/RMC membership and to uphold the reputation of CMR and of fellow members, and not to take any action that harms the interests of CMR, its Regions or members. 6) Abide by the fee/equity and operating rules applying within CMR, namely that any client or project acquired because an introduction by CMR or its members, or my use of CMR Resources (products, services, marketing materials, website, business cards, other CMR members), is a CMR client/project, subject to management control by CMR Centre or Region, and subject to the following fee retention and commission arrangements: a) A commission of 10% of sales revenue (excluding direct expenses charged to the client) will be paid by CMR to the introducing Full or International Member for projects introduced to CMR. The commission rate for Link Members is 7.5%. Commission payments will normally relate to fees and equity charged to the client in the first twelve months from the date of introduction, unless specifically agreed otherwise. It is understood that where any investor introduction commissions are paid (see www.cmrworld.com/BusinessReferralScheme.asp) these are netted-off gross revenues before internal fee splits are calculated for investment success fees. b) CMR will pay to the CMR member a fee at 75% of that charged to a client for work undertaken by that member. The 25% retention by CMR will not apply when the member has undertaken work for a client obtained directly by him/her not involving other CMR members or resources (as in 6 above). c) If the dealings with a CMR client (as above) results in employment with the client, to ensure that the employer enters into a recruitment agreement with CMR (normally a 17.5% recruitment fee of 1st year guaranteed emoluments is charged). If a CMR member, past or present, is ‘employed’ on another member’s private project, a commission of 10% of those earnings is payable to CMR by the ‘employing’ member. CMR will invoice the client directly for all CMR projects, and will pay fees and commissions to CMR members within fourteen days of receiving payment from the client. In circumstances where fees have been received and the CMR Board reasonably have concerns that a repayment to the client may be demanded, there may be a deferral of payment to the CMR members until that risk is reasonably considered to be unlikely. Any repayment made to clients will require repayment of fee share paid to members. To avoid taxation problems, CMR members will either invoice CMR for fees due through a limited company, or if invoicing personally will provide CMR with a written assurance that they will account for their taxes fully and will indemnify CMR against any tax liabilities that result from a failure to do so (only necessary after regular payments established). It is understood that the obligations under clauses 2, 3, 5 & 6 survive beyond termination of membership.