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Age
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A new application must be
approved by Young Presidents' Organization International before the applicant
reaches his or her forty-fifth (45th) birthday. Exceptions may be made
for new chapters only.
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Title |
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YPO membership is limited
to individuals who are responsible for the full operation of a qualifying
corporation or division. Such individuals must hold one of the following
titles: President, Chairman of the Board, Chief Executive Officer, Managing
Director, Managing Partner, Publisher or equivalent of any of the above.
Alternatively, the candidate must demonstrate that he / she is in full control
of the overall management of the company on a day-to-day basis. Please
note that both a Chairman of the Board / Chief Executive Officer and a President
of the same qualified corporation may not simultaneously be members of
YPO.
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Corporation
Complexity |
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Corporation Definition:
Corporation, as the term is used within YPO, includes incorporated or
limited business entities, partnerships, and other forms of business organization
deemed, at the discretion of YPO's Executive Committee, to be substantially
equivalent to businesses incorporated under the laws of the appropriate
legal jurisdiction. This definition also includes academic institutions,
not-for-profit organizations, and government entities. All corporations
must be operating businesses not primarily generating passive income.
Qualifying Corporation:
An applicant must be qualified, in addition to age and title, by the rules
of corporate complexity established by the YPO International Board of
Directors. The candidate must meet one requirement from each category
below; he or she must meet at least one "A" requirement AND
one "B" requirement.
"A"
Requirements
Requirement
1
The candidate must have at least 50 regular, full-time employees, or
the equivalent under his or her control. Persons engaged on a commission
basis rather than straight salary are considered employees if they are
permanently connected with the corporation and receive their principal
livelihood therefrom. Seasonal employees are not included in YPO's employee
definition.
OR
Requirement
2
The total annual compensation of all employees excluding the compensation
of the candidate must exceed US$1,000,000.
"B"
Requirements
Requirement
1
The corporation must meet dollar volume requirements based on the type
of corporation he or she operates, as follows:
- Sales / Service / Manufacturing
Corporations must have at least US$8,000,000 in gross annual sales or
turnover.
- Financial Institutions
must have average annual assets of at least US$160,000,000.
- Agency-type businesses
must have annual fees or commissions billed of at least US$6,000,000.
Hong Kong Chapter's standard:
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Sales / Service / Manufacturing: US$30,000,000
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Financial Institutions: US$800,000,000
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Agency-type businesses: US$12,000,000
OR
Requirement
2
The corporation will have an enterprise value of US$10,000,000 as defined
by one of the following:
- Net worth or assets before
depreciation of US$10,000,000
- Independent third party
investment / valuation of US$10,000,000
- The sum of the company's
public equity value plus its debt less cash must equal US$10,000,000
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Hong Kong Chapter has a higher requirements which is US$30,000,000 for each of these definitions.
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Personal
Attributes |
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The candidate must perceive
comfort level of members-at-large and demonstrate strong integrity
in personal and business affairs, an abiding belief in self-improvement
and a strong commitment to participate in YPO activities at the chapter,
regional and international levels. In addition, members-at-large need to feel comfortable
interacting with the candidate in any YPO activities.
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