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Involvement Options

Joining IQ Qualifications

There are four classes of relationship with IQ Qualifications LLP.

  • Centre: IQ recognises centres in an identical way to a traditional awarding body. Centres are able to offer assessment for IQ qualifications. The relationship between the centre and IQ is one of customer and supplier.
  • Member: Members are also assessment centres, but they enjoy a symbiotic relationship as they are part of the company and can influence policy and procedures. They also benefit from the financial success of the company.
  • Representative member: Representative members are centres and enjoy the same sort of relationship with IQ as members. However, they have a strategic position in their industry sector and co-ordinate satellite centres on behalf of IQ. The representative member essentially provides the customer facing contact for IQ
  • Founder member: Founder members can be individuals or organisations, and may or may not be centres. Founder members are the investors in Industry Qualifications Ltd

 

The comparative benefits of the different types of membership are as follows:

 

Centre

Member

Founder

Ownership

Not applicable

Part of the IQ mutual

Part of IQ Ltd

Investment

None

None

Share price of current offer

Candidate registration and certification fees

Published centre rate

Published centre rate

Discounted centre rate if functioning as an assessment centre

Dividends/investment payments

IQ pays a fixed fee to investors based upon turnover, & surpluses after investment are returned to members

None

A share of surpluses, dependent upon expenditure

A share of the annual investor’s fee. If a member as well, a share of surpluses, dependent upon expenditure

Influence on policy and procedures

None

Yes

Yes

Opportunity for Endorsement of training materials

No

Yes at published rate

Yes at published rate

Co-branding

No

Yes, depending on qualification type

Yes if a member, depending on qualification type

Promotion of products and services

No

Yes

Yes if a member

Involvement in export initiatives

No

Yes

Yes if a member

Board representation

None

Can stand for election to members committee

Can stand for election to Industry Qualifications Ltd  Board and if a member, IQ Qualifications members committee

The relationship between IQ and Representative members is agreed between the two parties.

Becoming a member of IQ Resources

IQ Resources is a Limited Liability Partnership (LLP) and organisations become members of the organisation. Membership is charged at £50 per year and organisations are registered at Companies House as members of the LLP and are required to abide by the IQ Resources LLP agreement.

Further information on IQ Resources can be found here.