ICF’s Management Agreement with IMG
Since the year 2000, ICF has employed the assistance of a management company to run the association’s day-to-day operations. While the ICF Board of Directors sets overall policy and strategic direction for the organization, our management company partners with us to “make it happen.” Since May 2005, the ICF has been in a partnership with IMG. So for the last five years, under the direction of ICF’s elected leadership, IMG has provided service and support to our growing global membership.
Due Diligence Before Renewing the Contract
In early 2009, a special taskforce was appointed to look into the possibility of renewing the ICF/IMG contract for another period. The role of the taskforce was to engage in a due diligence process to consider the performance of IMG so far, to make sure any new agreement was in line with industry standards, to negotiate favorable terms for any new agreement, and to assess the way in which ICF and IMG worked together. This taskforce, on which I had the privilege of serving, worked for many months to perform this due diligence. Now, I would like to share the results of our work with you.