When the IOV announced that IOV Focus Ltd (Kevin Cook) was not going to tender for the Administrative Contract when it came up for renewal in 2012 but had in fact reached an agreement whereby he remained in position whilst a replacement was found, raised suspicions in my mind, as I'm sure it did with other members.
At this point I believe that it is prudent to say that, as I understand it, the Institute Of Videography is managed by an elected team (the Executive Committee) who are responsible to the members for the efficient and cost effective management of the organisation. It is also worth mentioning that, again, as I understand it, in the event of financial difficulties the members themselves would be responsible for any debt.
Not being privy to the contractural arrangements between the IOV and IOV Focus Limited I would suggest that if the Executive Committee, failed to insert a clause which protected the IOV and its members should the Administrative Company (IOV Focus Ltd) fail to complete the contract, then they are not acting in the best interests of the members. So I can't help but wonder what the circumstances are that made the Executive Committee allow IOV Focus Ltd to an early termination of its contract.
One reason may well be financial. If IOV Focus Ltd is in financial difficulty then there appears to be a bail-out; if that is the case what is this bail-out likely to cost the members of the IOV?
This years exhibition, the rights to which appear to be held by IOV Focus Ltd, is the organisations biggest financial outlay and, with what appears to me to be the smallest number of exhibitors seen in several years, you have to ask yourself the question, does the IOV and or IOV Focus Ltd have the receipts to cover the payments?
It's high time the members took control of the IOV and elected an Executive Committee that were more transparent and sought input from the members whom it is supposed to serve.
IOV Focus Limited Financial Statement
Institute of Videography Financial Statement