The professional body for whole life management of physical assets

Constitution / Governance

The IAM is a not for profit membership organisation that exists to advance for the public benefit the science and practice of asset management.

The Members of the IAM are those individuals who have joined the IAM to participate in its activities. There are a number of types of membership within the IAM; including Corporate & Corporate Nominees (employees), Fellows, Members, Associates, Students and Affiliates.  Affiliates may join free of charge simply to participate in the Forums and access certain downloads.

Voting Members are effectively the owners of the IAM (including Members & Fellows).  The IAM holds an Annual General Meeting each year on the first evening of the Members Conference.  All Voting Members are welcome at the AGM whether or not they are attending the Members Conference.  Voting Members may also vote without attending by completing a Form of Proxy beforehand.

All members can influence the direction of the IAM through the Council. The role of Council is to ensure that the member’s interests are properly represented, in particular regarding the disposition of the resources of the IAM and matters of strategy and long-term policy.

The IAM’s Board of Management have responsibility for the legal and corporate governance of the statues of the institute. The Board may exercise all the powers of the Institute and implement any directions given by special resolution in General Meeting. Board voluntarily consults Council on matters of strategy and direction.

IAM Committees are the place where most of the primary activity of the Institute is planned, organised and delivered. A Committee is typically made up of a chairman and a number of representatives from the Members. The standing Committees may be viewed as permanent Project teams.

The Patrons of the IAM are an exclusive group of Corporate Members who commit to a high level of activity and engagement with the Institute and have exceptional influence via both Council and Patrons Group.

The IAM has a small permanent office that is used for co-ordinating the administration, membership and trading service activities. All communication regarding the IAM should be through the office

Legal & Formal Matters

The Institute of Asset Management is a Company Limited by Guarantee (CLG) governed by a Memorandum & Articles of Association and also by Byelaws

IAM Trading Ltd is VAT registered and wholly-owned by the CLG. 

The Memorandum and Articles of Association together with the latest version of the Byelaws can be found in the Downloads page of this section.

The best way for Members to understand the activities and relationship of the various parts of the IAM is to read The IAM Handbook.

If you need to know more about the IAM’s constitution or governance, please contact The Secretary.

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