EFTTA membership fee changes put on hold
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A proposal to make wide-ranging changes to the fees paid by companies to be members of EFTTA hit the buffers in spectacular style at the association’s Annual General Assembly (AGA) yesterday.
EFTTA CEO Jean-Claude Bel urged delegates at the AGA to accept a plan that would have seen companies with the largest sales paying up to 55% more in membership fees. However, the idea was deemed unconstitutional and will instead be decided by all members in an email vote.
The changes also included smaller companies paying less with others seeing their memberships remain the same.
The main opponent of the plan was EFTTA Board member Ciro Esposito who told delegates that the alterations to the membership structure were too important to be decided by those attending the AGA and should be put out to the full membership.
He was supported by Peter Foley, owner of EFTTEX ever-present exhibitor, Boone Bait. He said that the proposal could result in losing the bigger companies from EFTTA and therefore see less rather than more money in the EFTTA coffers.
Jean-Claude had told delegates at the AGA that the new structure of membership payments was needed to change EFTTA’s reliance on revenue from EFTTEX, which currently contributed 80% to the bottom line.
“Membership fees currently contribute 20% – we need to increase that to 40%,” he said.