The Chartered Institution of Wastes Management – CIWM – has been forced to hold a rare second Annual General Meeting next month after the first event failed to attract sufficient members.
The Northampton-based waste sector body confirmed this week that its first AGM, which took place alongside the RWM exhibition at the NEC in Birmingham on September 11, was not quorate – meaning that not enough higher-ranking ‘corporate’ members were present for decisions to be made.
CIWM requires 40 corporate members to be present and on this occasion were two members short. This is thought to be the first time that there have not been enough people attending the AGM at the RWM event.
Members have now been invited to a second AGM in Cambridge at 2pm on November 12, prior to the inauguration of incoming CIWM president, Trevor Nicoll.
The news comes following a challenging period for CIWM, which has been making efforts to get its finances under control and has undergone a restructuring (see letsrecycle.com story).
Pat Jennings, head of policy and communications at CIWM, said: “It was disappointing that the AGM was not quorate by such a small margin and this was due, in part, to such a busy RWM seminar theatre schedule this year, including over the lunchtime period. The seminars are an important and popular part of RWM so we will be factoring this into the timing arrangements for next year.
“However, those present were provided with presentation from the Honorary Treasurer and the CEO and, in line with our constitution, we have now communicated to our Members the date of the rescheduled AGM. This will take place at the Presidential Inauguration in Cambridge on 12th November.”
In a letter to members, CIWM chief executive Sarah Poulter said that the AGM had been “adjourned” until November and reminded members that they had the opportunity to vote by proxy if they were not able to attend.
Among the items on the agenda at the AGM is CIWM’s review and financial statement for 2018.
Commenting on these in a letter to members, CIWM president Enda Kiernan said that CIWM had improved its financial performance and was “on track” to break even by the end of 2020.
Mr Kiernan said: “2018 has been a year of significant change and modernisation for CIWM.”
He added: “CIWM’s financial performance was a priority throughout the year and a two-year Business Plan was approved in the last quarter of 2018. While significant one-off restructuring costs and unrealised losses on its investments in line with market conditions are largely responsible for a significant deficit in 2018, Trustees recognised that focused action was needed to reverse the decline in financial performance over the last few years.
Mr Kiernan went on: “The new Plan aims to return CIWM to break-even by end of 2020 and forward forecasts show that performance is currently on track to meet this objective. Also part of the plan was the relocation of CIWM to a modern and professional office space fitted out to reflect CIWM’s ethos of resource efficiency, sustainability and the circular economy, a move that has now been completed.”