Institute for Marketplace Transformation Covenant Amongst the Regions
This is a Covenant between Institute for Marketplace Transformation Inc. (IMT) and Incorporated Regions as herein provided. This is a binding covenant but not a legal one. The legal agreement between IMT and eachIncorporated Region is contained in the Reciprocal License Agreements as well as whatever constitution that is developed within the respective jurisdictions and approved by the relevant parties. It is expected that this Covenant will be signed by at least two representatives of each Incorporated Region.
Note: It is expected that all incorporated Regions execute a Reciprocal License Agreement within one year of signing this Covenant.
The Lord has blessed and expanded the work of IMT in many dimensions in its first decade since 2015. The IMT movement is advanced by a decentralized regional organization with a coordinating and supporting role undertaken by IMT. The parties to this Covenant constitute the organizations committed to advancing the IMT movement and to engaging in and growing deeper in relationships with each other within the community involved in the IMT movement.
The IMT Board of Directors provides governance and establishes and maintains the mission, values, convictions, standards, and the theological position of the IMT movement as expressed in the IMT Purpose, Beliefs & Values Statement. Save for various parameters highlighted in the Covenant, each Incorporated Region who participates in the IMT movement is encouraged to develop in a manner best suited to their own culture and environment with complete freedo
5. CONTEXTUALIZATION AND STANDARDS
5.1 CONTEXTUALIZATION
In general, IMT does not wish to impose on Incorporated Regions any standards that will impede the creativity, entrepreneurship, and contextualization which leaders of each Incorporated Region may wish to undertake to advance the IMT movement.
5.2 STANDARDS AND PROGRAMMES WITH SPECIFIC REQUIREMENTS
5.2.1 Standards: There are however various branding and website standards which each Incorporated Region is asked to consider adopting to present the parties to the IMT movement as an organic whole. The standards for branding and website requirements are expressed in Appendix II.
5.2.2 Programs: The programs more particularly specified in Appendix III (e.g., IMT Fellows Program and IMT Certificate of Marketplace Transformation), if taught by an Incorporated Region, must meet the minimum standards respectively stipulated therein. These programs are critical to the depth and impact of the IMT movement.
5.2.3 IMT may from time to time add to or amend such standards and programs in Appendices II and III as it deems necessary.
6. UNITY AND SHALOM
6.1 Unity and Shalom: In the interactions with each other, the Parties hereto are committed to uphold attitudes and practices that promote unity and shalom and are characterized by mutual respect, integrity, humility, and generosity.
• Unity and shalom – The diverse nature of the Parties hereto will bring together different understandings of these concepts. When the Parties interact with each other with:
• mutual respect, the parties do so as members of the body of Christ;
• integrity, the Parties adhere to biblical ethics and communicate honestly;
• humility, the Parties are willing to own their contribution to the situation, to learn fro others and to change attitudes and practices where this is needed;
• generosity, the Parties assume the best and choose not to take offense.
6.2 Conflict Resolution: In situations where unity and shalom are at risk, the Partieshereto are committed to seek to engage with the situation as soon as appropriate, in the most promising way(s), and with the goal to honour all involved parties’ needs – humbly investing in mutual and deep understanding of all involved parties’ positions, interests, backgrounds and values.
• In situations where – The Parties hereto acknowledge that such developments happen in the interactions with each other.
• at risk – This may be the beginning of a conflict situation.
• engage with the – This engagement may be initiated by one of the Parties directly involved or someone else (e.g. another Region). Request may also be made to engage GLT in the resolution of any conflict, in which event any GLT member who is involved in the conflict shall be recused from participation.
• as soon as appropriate – The Parties hereto commit to not letting the situation escalate by looking for the right time to address it.
• in the most promising way(s) – The Parties hereto acknowledge that there are many ways to address such situations, in particular with regard to who should be involved, including whether and how third parties should be brought in. The Parties recognize that a robust discernment process is necessary to choose the best way(s) and that there is no guarantee for a successful outcome.
• honour all involved parties’ needs – With a collaborative mindset, the Parties hereto seek an outcome that is good for all involved parties.
• humbly – (see Section 6.1 re. “humility”)
• mutual and deep understanding – By engaging with each other listening deeply and sharing our own thoughts honestly, the Parties are willing to let our assumptions be corrected.
• positions, interests, backgrounds and values – While the position is recognized to be a pertinent factor, discovering the underlying interests, backgrounds and values potentially lead to common ground and may therefore indicate a good way forward. Backgrounds and values include cultural and historic context.
7. WITHDRAWAL / TERMINATION
7.1 An Incorporated Region may withdraw its participation in the IMT movement by giving reasonable written notice of its intention to IMT .
7.2 IMT may terminate the participation of any Incorporated Region in the IMT movement by giving reasonable notice to such region.
7.3 CHANGE OF NAME ETC.
In the event an Incorporated Region ceases to be a member of the IMT movement, it will cease to use the name, Institute for Marketplace Transformation, its acronym “IMT”, and its logo as provided in the Reciprocal License Agreement .
8. OTHER PROVISIONS
8.1 COMPLIANCE WITH LAWS
IMT and each of the Regions shall comply with the relevant laws in the jurisdiction in which they operate, and ensure activities taken will not cause IMT to offend the legal regime in which it operates.
8.2 OTHER RELEVANT DOCUMENTS FOR EXECUTION
Each member of the IMT Board and of the GLT, every board member of an Incorporated Region, and all remunerated and voluntary staff of IMT, as well as instructors and other leaders participating in the activities of IMT movement shall sign annually the Values Statement.
8.3 AMENDMENTS
The Parties hereto may agree to such amendments to this Covenant as are necessary or desirable to advance the cause of the IMT movement, subject to Section 8.4.
8.4 APPENDICES
IMT may from time to time amend the appendices or add new appendices as are necessary and expedient, and IMT shall notify the other parties hereto of such changes and they shall be bound thereby.
SIGNATURES
IMT Global & incorporated Regions:
IMT Hong Kong
IMT Korea
IMT Taiwan
APPENDICES
These are the key reference documents for Region Leaders. The latest version of these documents and those affirmed by the IMT Board can be found through the links below:
APPENDIX I: “IMT Purpose Beliefs and Values Statement”
APPENDIX II: “IMT-Brand-Guide”
APPENDIX III: “IMT MINIMUM FELLOWS STANDARDS”
1. PARTIES TO THE COVENANT
1.1 INSTITUTE FOR MARKETPLACE TRANSFORMATION, a duly registered charity in the Province of British Columbia, Canada (“IMT”) having its registered office at 302-3790 West 7th Ave., Vancouver, British Columbia, V6R 1W8, Canada
1.2 LEGALLY AUTONOMOUS ENTITIES IN VARIOUS JURISDICTIONS ADMITTED PURSUANT TO SECTION 4 (the “Incorporated Regions”) (Individually “a Party hereto” and collectively “the Parties hereto”)
2. INTRODUCTION OF PARTIES AND AIM OF COVENANT
2.1 PARTIES
IMT was incorporated by Dr. Paul Stevens, the Founding Chairman, in tandem with a team of people with the mission to equip and empower Christians in all walks of life to live out their Kingdom calling in the world from Monday through Sunday. The Incorporated Regions are legally autonomous or duly constituted parties, which are non-profit, non-political corporations, companies, trusts, associations, or charitable organizations who desire to work with IMT and withthe Parties hereto to achieve the common mission.
2.2 AIM OF COVENANT
This IMT Covenant (the “Covenant”) constitutes a working fellowship covenant between the Parties hereto, each of whom commits to work collaboratively within the framework set out in this Covenant.
3. STRUCTURE, ROLES, AND RESPONSIBILITIES
3.1 IMT
IMT is responsible for the admission of any party interested to join the IMT movement and to be parties to this Covenant, for setting and maintaining standards in the use of the IMT logo, IMT websites, the IMT Fellows Program and the IMT Certificate of Marketplace Transformation designed by IMT. IMT is further responsible to provide governance and establish and maintain the mission, values, convictions, standards, and theological orientation of the IMT movement as expressed in the IMT Purpose, Beliefs & Values Statement referenced hereto as Appendix I (the “Values Statement”). IMT is not responsible for the way in which each Incorporated Region undertakes their mission and activities.
3.2 INCORPORATED REGIONS
Each Incorporated Region is encouraged to appoint a leadership team of at least two (2) persons who shall represent the Incorporated Region for the purposes and activities envisaged in this Covenant.
3.3 GLOBAL LEADERSHIP TEAM
The Global Leadership Team (the “GLT”) comprises of such number of members as IMT shall determine. IMT appoints the members of the GLT, and each member shall serve for a term of two years and is eligible for re-appointment. The GLT should, if possible, be composed of the leaders of incorporated and unincorporated Regions. The GLT is critically important in a decentralized organization to keep relationships between the parties hereto close, harmonious, and mutually edified.
3.4 IMT GLOBAL
(i) In the mutual commitment to engage and grow deeper relationships with each other within the community involved in the IMT movement, IMT establishes IMT Global, a committee comprising of IMT Chief Executive Officer and such number of members as IMT shall determine. The mandate of IMT Global includes, but is not limited to, certain programmatic responsibilities such as strategizing with Incorporated Region leaders (and IMT representatives, 3.5), convening gatherings of Incorporated Region leaders (and IMTrepresentatives), providing Senior Fellows and Instructors for Fellows Program, providing standards for IMT branding and websites, providing minimum standards for Fellows Programs, developing courses and providing translations of IMT resources.
(ii) Each Region undertakes to support and collaborate with IMT in its initiatives and activities. Incorporated Regions may on occasions be asked to share in the cost of providing resources, training, organized activities etc. at such rate as shall be agreed upon.
3.5 IMT REPRESENTATIVES
IMT may from time to time appoint individuals or groups of individuals in various unincorporated jurisdictions or regions who desire to work with IMT as IMT representatives to achieve the common mission in the IMT Movement. The IMT representatives shall act in accordance with the instructions of IMT and shall be accountable to IMT for their activities and their finances through regular reporting to IMT. The appointment of representatives by IMT may be in writing, and IMT may require each representative to countersign as a party thereto.
3.6 SENIOR FELLOWS AND OTHER ADVISORS / CONSULTANTS
IMT may from time to time name such persons as it deems fit, and on such terms as it determines, to be senior fellows, advisors and consultants of IMT to assist in its mission and join the IMT movement.
4. ADMISSION OF NEW REGIONS
4.1 CRITERIA FOR ADMISSION
The criteria for admission of a Region is adherence to the mission, values, theological position, and standards of IMT.
4.2 APPROVAL PROCESS
4.2.1 A party, whether a corporation, company, trust, association, or charitable organization, who wishes to join IMT as an Incorporated Region, may apply to IMT for admission, providing such documents as IMT may require.
4.2.2 IMT shall consider and decide on each application for admission and all parties hereto shall abide by the decision of IMT.
4.3 DOCUMENTS FOR EXECUTION
Upon admission, an Incorporated Region shall sign as a party to this Covenant expressing their agreement to the terms herein. The Incorporated Region shall sign the Values Statement signifying their agreement with the mission, values, theological statement, and standards of IMT. In addition, the Incorporated Region shall execute a Reciprocal License Agreement, the terms of which shall be as agreed between IMT and the Incorporated Region.