Members' benefits
Membership
of McMillan Woods Global will enable the members to receive the following
benefits from the international network:
- Your firm is recognised as a member of an
international body of professional firms;
- Access network globally and obtain international
knowledge;
- Your firm is seen as more prestigious with a
wider playing field of professionals and with an international image;
- Higher staff motivation and better staff
retention programmes with staff exchange arrangements between member firms
across regions and borders;
- Many different disciplines and expertise are
available at your disposal;
- Better training opportunities among members and staff with the potential
to broaden the horizons;
- Job assignments can be carried out overseas in a
more efficient manner and lower costs;
- Exchange of updates and professional views on a wide range of technical
subjects;
- Bigger and better jobs prospects with bigger potentials;
- Better job referrals among member firms are common hence leading to
better retention of clients worldwide;
- The list is endless...
Members' vision
Membership with McMillan
Woods Global enables members to attain their strategic aims and vision, some of which may
be as follows:
- To attain better quality clientele both locally, nationally and worldwide;
- To develop a better understanding of our members
to whom we would create a "family" tie;
- To provide mutual assistance and professional
services globally;
- To assist in each other firms by offering
expertise that may not be present in another firm;
- To maintain quality control where there would be
"peer" review programmes to ensure that member firms attain a certain
satisfactory degree in quality management;
- To assist in risk management review when engaging
our member firms in new job assignments with the view to decline high risk job
assignments;
- To embark on a training and educational programme
globally where there would be a wider exchange of views and added resources;
- To meet regularly and to have an annual
vocational event for staff members to better acquaint themselves regionally
and globally.
- But, most importantly, members are in the network
to continuously scale new heights and to embrace the vision of "The Business
Mind" with the focus to meet global challenges of tomorrow i.e. local
knowledge with global presence!
Members' meetings
A regular programme of national, regional and
international meetings is undertaken periodically and where there are
pertinent urgent issues, special interest meetings will be called to
address these issues. Generally, the global Annual
General Meeting is held in a different country annually by unanimous requests
whilst regional meetings are decided by each of the regional Directors
responsible for each of the regions.
Membership inquiry
Please click on the "Contact Us" for speedy communication and for
further clarification.
Membership requirements
Members are from different sized firms - small, medium and large
hence they are expected to fulfill the following:
- Be interested and able to contribute to the
regional and global activities;
- Be prepared to attend regional and global meetings
and participate and support the global network through contributions of their
invaluable time;
- Be of a size which is generally compatible with
that of the other member firms in McMillan Woods Global;
- Be able to provide the highest quality work in
accordance with local, national and regional conditions;
- Be knowledgeable on all aspects of their home
country's profession, commerce, politics and economy;
- Be capable of dealing with clients, currently or
potentially involved in international business deals;
- Respond promptly to inquiries from other members
with McMillan Woods Global and/or requests for information from its fellow
members or from the regional and global secretariat offices.
It is also a pre-requisite that members must:
- Refer any of their clients wishing to do business
in a country in which McMillan Woods is represented to the local MCMWG
member, provided that the local member is capable of providing the services
required and that the client has not stipulated that another firm be used;
- Pay their association fees and any other service
fees or referral fees due to other members promptly.
- All potential members must pass a Quality Control
Review (QCR), to be carried out by an appointed existing MCMWG member, before
being invited to join the global network - MCMWG.
Useful information
Some useful facts:
-
McMillan Woods Global (McMWG) is a unique association as its shares
are owned by its members and not by merely one individual or a
family conglomerate, hence it's a case of members' network - "Our
network."
-
McMWG is a worldwide association and a network of independent
auditing, accounting and consulting firms linked together for the
benefit of its members and their clients.
-
Although McMWG was only formed on 9 January 2010, it has grown leaps
and bounds through the active participation of its members who are
extremely proactive and responsible for its rapid growth.
-
All members are able to access the technical expertise of its
members regionally and globally.
-
All members will be given access to the online directory of McMWG
members which lists individual names and contact information as well
as each member's area of expertise. You may contact
info@mcmillanwoods.com
for further information, 24 hours a day, 7 day-week.
-
There is no joining fee nor is there any initial fee. Furthermore,
there is no Quality Control Review (QCR) fee with the exception that
the "disbursement costs" are fully reimbursed by the member firms
that are subject to the QCR visits. Disbursement costs include all
direct expenses incurred in the course of carrying out the QCR
visits such as air-flights, hotel accommodation, taxi fares, F&B etc
and such costs vary from country to country.
-
Effective 3 July 2010, the annual dues based on "a percentage of a
firm's annual fee revenue" has since been abolished. Instead, this
annual fee structure is replaced with an Annual due of £800 and an
Operational Running cost of £300, totaling £1,100 per annum per
firm bearing in mind that the association is not setup to make
profits out of its members hence the association will be operated on
a "break-even" basis wherever possible and the costs are assessed
each year by the Executive Committee which is subject to approval by
its members at the Annual General Meeting. With this new scheme, all
member firms are more accountable and certainly more willing to
disclose the true fee revenue potentials.
-
Other than the annual dues, there are no other hidden costs other
than those costs that are directly incurred on your behalf that are
reimbursable. Such costs include email address cost which is pegged
at £100 for a maximum of 10email addresses per annum per firm. The
main global website and maintenance costs are absorbed by McMWG
although each national member firm in each country is advisable to
setup a local website to be linked to the main global website. The
main office of McMWG can assist with this setup in your home country
vis-a-vis their existing website independent consultants. Kindly
drop
an email to
info@mcmillanwoods.com for assistance.
-
Meeting other McMWG members will give you lots of opportunities for
your firm's growth. Furthermore, our members brand their firms on
the local and national level as having their individual expertise.
-
McMWG offers your clients the ability to expand their business
operations both domestically and globally since clients will have
access to the resources of a global association of firms and yet our
members retain their independence as well as the personal and
business relationships they enjoy with their clients.
-
Members are required to use the recommended logo, signages, business
cards, banners and letterheads etc as such use would certainly result
in obtaining new businesses and cross-selling to existing clients.
McMWG will provide you with camera ready artwork for your printer or
in-house marketer for this purpose to include souvenir programmes
such as T-shirt, caps, lanyards, pens etc.
How to join McMillan Woods Global?
Useful
facts to be acquainted with:
- McMillan Woods Global has members in most countries and is continuously
seeking members in those countries not currently covered and additional
members in certain larger countries where the association may already has
members. Explicit permission of the existing member(s) is sought prior to any
admission of another member in any country. This is a pre-requisite and also
out of respect for our members worldwide.
If you would like to apply for membership of MCMWG, the set procedure
is as follows:
- Please click "contact us" to complete the initial MCMWG Membership Inquiry form.
- Your details will be submitted to the global
secretariat and the secretariat will be asked to confirm that there are no geographical
conflicts with existing members.
- If there is an existing member in your country,
the application will be considered by the global Executive Committee to decide
whether a second member is allowed with formal consultation with the existing member
already present in that country.
- If there are no potential conflicts, you will be
sent an application form and further details of MCMWG together with a proposed
Quality Control Review (QCR) visit by an assigned representative from MCMWG.
- Upon return of your completed application form, the
assigned representative from an existing MCMWG firm will contact you to
arrange a QCR visit. This visit will last one or two days and will consist of
a review of your quality control and a review of your overall systems. If you
are already a member of a national peer review programme, and have recently
been successfully reviewed, this will probably satisfy the audit element of
the QCR of McMillan Woods Global.
- Subject to completion of the QCR, you will be
invited to join MCMWG and will be billed for the relevant fees and the annual
fee for the year.
For any further clarification, please click on the "Contact Us"
button. |
