MEMBERSHIP FAQS
1. How do I apply for associate membership of SNG?
2. Is there risk involved in associate membership of SNG?
3. Can associate members be provided with information relating to recent transactions?
4. What benefit and opportunities may motivate one to become an associate member and are they guaranteed?
5. What is the cost involved in associate membership of SNG?
6. Does associate membership involve part-ownership or shareholding in SNG?
7. How is associate membership fees utilized?
8. May SNG membership be ceded, assigned, bequeathed, made over, disposed, transferred, traded or sold?
9. Do associate members have direct access to the membership network?
10. What are the responsibilities of associate members and why?
11. What can I expect in return for my associate membership fee?
12. Does associate membership represent an investment?
1. How do I apply for associate membership of SNG?
Professional individuals who identify themselves with the corporate practices and values of SNG are invited to apply for exclusive associate membership. Associate membership in SNG is subject to its Membership Criteria, addressed in its Constitution.
For an applicant to become an associate member, he should:
- Familiarize yourself with SNG’s information contained on this website.
- Familiarize yourself with SNG’s ‘Constitution’ that is available on the “Download Documents” section of this website.
- Complete the ‘Membership Application Form’ that is available on the “Download Documents” section of this website.
- Await assessment and acceptance by SNG. SNG will provide the applicant with an ‘Acceptance Letter’ that contains the applicable banking details.
- Pay the first annual membership fee of $500 (five hundred US Dollar).
- Provide SNG with a proof of payment.
- Upon receipt of the membership fee, the associate member’s details will be entered in the ‘Member Register’.
- The associate member will be provided with a ‘Welcome Letter’ containing his membership number.
Should any of the information or contact details on the associate member’s original Online Member Application Form change, he should inform SNG, in writing, as soon as possible.
General Disclaimer
Kindly note that all membership benefits and opportunities available and/or provided to associate members are strictly subject to availability as well as the rules, regulations, policies, principles, procedures and the Constitution of SNG. In addition to the aforesaid, associate membership participation is subject to the laws, by-laws and regulations of the applicable associate member’s country of citizenship or residence and/or where an associate member may choose to conduct business.
2. Is there risk involved in associate membership of SNG?
The lack of associate members’ participation in the activities of SNG as a corporate network association carries the risk that there will be no individual financial, intellectual or business growth.
Further to the above, there is no material risk involved in being an associate member. However, prior to entering into any contractual agreement, business contract and/or corporate dealings of whatsoever nature, associate members should at all times take the necessary care and caution, as well as seek independent financial and legal advice. Associate members are made aware of the aforementioned, and are referred to the Constitution for more detail and information.
3. Can associate members be provided with information relating to recent transactions?
Requests for information about recent transactions are handled with care as SNG is bound by its Constitution to protect the confidentiality of transactions and information pertaining to the affairs of its associate members. Where SNG is granted permission to release such information, it will do so upon submission of a suitably motivated request in writing.
4. What benefit and opportunities may motivate one to become an associate member, and are they guaranteed?
The only benefit SNG as a corporate network association holds for associate members is indirect access (use value) into the global intellectual infrastructure of the organization, allowing them to utilize the following potential opportunities, available through its facilitation and negotiation:
- Access to international venture capital funding.
- Access to additional funding for Institutional Funds.
- Funding opportunities available to venture capitalists and investment angels.
- Access to merger and acquisition funding and professional expertise.
- Access to import and export finance and/or payment guarantees.
- Exposure to high-profile and lucrative new global business, project opportunities and speculation transactions for development or trading purposes.
- Exposure to new markets for products and/or services.
- Access to global partnership and consortium opportunities.
- Access to global corporate opportunities.
- Industry specific corporate advisory services available to entrepreneurs.
- Access to entrepreneurial and/or business support.
All opportunities made available and/or provided to associate members are strictly subject to availability as well as the rules, regulations, policies, principles, procedures and the Constitution of SNG. In addition to the aforesaid, associate membership participation is subject to the laws and regulations of the applicable associate member’s country of citizenship or residence and/or where an associate member may choose to conduct business.
5. What is the cost involved in associate membership of SNG?
Associate membership of SNG comprises $500 (five hundred US Dollar) per annum, or any such amount as the management of SNG may, from time to time, determine. Membership fees may increase by a resolution of management.
6. Does associate membership involve part-ownership or shareholding in SNG?
No. Here it is important to distinguish between ownership and use value. SNG has ownership of its intellectual capital – contained in its corporate structure, its customer and client base, and its associate member base. SNG has made the use value of its intellectual capital available through its associate membership, for the benefit of its associate members.
7. How is associate membership fees utilized?
Associate membership fees and revenue income derived through associate member services are apportioned and allocated in terms of SNG’s corporate guidelines and contractual responsibilities.
8. May SNG membership be ceded, assigned, bequeathed, made over, disposed, transferred, traded or sold?
No associate member shall be entitled to cede, assign, bequeath, make over, dispose or otherwise transfer any or all his/her rights, interest or obligations in terms of his/her membership or the Constitution. Each associate member shall renew his/her annual membership, specifically when an associate member is for any period participating in any activity or business venture introduced to, or provided by SNG.
9. Do associate members have direct access to the membership network?
No. In our formal corporate network associations’ structures, interactions between associate members are facilitated and managed by, and through, SNG. This ensures:
- Successful completion of projects into sustainable business entities.
- Protection of associate members’ personal and corporate interests.
- Protection of the organization’s integrity and sustainability.
However, informal networks’ members are given access to contact details of fellow members. The network management does not get involved, neither does it facilitate between members nor does it add any expertise or value to the needs of its members. This leads to unsuccessful completion of any projects due to:
- Lack of trust between members.
- Lack of experience.
- Incompatible personalities.
- Unrealistic demands.
- Inevitable collapse of the network structure.
10. What are the responsibilities of associate members and why?
SNG requires efficiency, sustainability and effectiveness in order to be successful. The responsibility thereof is equally shared between SNG and its associate members.
Efficiency
The responsibility of providing the necessary intellectual infrastructure that ensures the efficiency of organization is that of SNG.
Sustainability and effectiveness
The responsibility to ensure the sustainability and effectiveness of the corporate network association is that of the associate members. Every associate member has the obligation to assist in the organic growth of the corporate network association by introducing individuals, and business opportunities or projects that will add value to the collective.No membership fees are shared or distributed between associate members for successfully introducing new associate members to SNG.
Thus, associate members have the privilege of being able to choose associate members and projects they want to be associated with.
Associate members generally view their membership very seriously concerning membership referrals and project submissions for development and/or funding purposes. This is evident in our rapid expansion.
top of page
11. What can I expect in return for my associate membership fee?
Associate members are provided with indirect access (use value) into the global intellectual infrastructure of SNG. Associate members initially do not have direct access to other associate members. All transactions of whatsoever nature between associate members are facilitated and negotiated by SNG to ensure:
- Successful completion of projects into sustainable business entities.
- Protection of associate members’ personal and corporate interests.
- The organization’s integrity and sustainability is protected.
Associate members have indirect access (use value) into the global intellectual infrastructure of SNG, allowing them to utilize the following potential opportunities, available through the facilitation and negotiation of SNG:
- Access to international venture capital funding.
- Access to additional funding for Institutional Funds.
- Funding opportunities available to venture capitalists and investment angels.
- Access to merger and acquisition funding and professional expertise.
- Access to import and export finance and/or payment guarantees.
- Exposure to high-profile and lucrative new global business, project opportunities and speculation transactions for development or trading purposes.
- Exposure to new markets for products and/or services.
- Access to global partnership and consortium opportunities.
- Access to global corporate opportunities.
- Industry specific corporate advisory services available to entrepreneurs.
- Access to entrepreneurial and/or business support.
All opportunities made available and/or provided to associate members are strictly subject to availability as well as the rules, regulations, policies, principles, procedures and the Constitution of SNG. In addition to the aforesaid, associate membership participation is subject to the laws and regulations of the applicable associate member’s country of citizenship or residence and/or where an associate member may choose to conduct business.
12. Does associate membership represent an investment?
No. Membership fees do not represent an investment Summit Network Group of whatsoever nature. Membership fees provide associate members use value to the intellectual capital (networking ability) in the corporate network association only.