About NPA
- NPA History
- Global Network
- NPA Specialty Nets
- ROI/Demonstrated Results
- Members as Leaders
- Split Fees Improve Results
- Grow with NPA
- Bylaws, Policies and Ethics
- NPA Meetings and Events
Tools
Dynamic Resource Links
NPA Bylaws, Policies and Ethics
NPA members are supported and protected by a series of dynamic and clearly defined rules of conduct.
NPA, a member-owned and run organization, manages membership with formal bylaws, policies, and rules of conduct. The structure both serves and protects members, creating a more efficient and effective trading network.
Bylaws . NPA’s formal structure and governance is dictated by comprehensive bylaws. Changes to the bylaws must be voted on by the membership. There is a standing committee with oversight responsibility for NPA’s bylaws and operations manual to assure these documents address members’ needs in a rapidly-changing business environment. NPA bylaws have been amended every year since 1981 (with one exception), a testament to the dynamic nature of this important document.
Operations Manual . NPA’s operations manual provides detailed information regarding the policies and procedures governing NPA participation -- from membership enrollment and financial obligations to the rules for split-placement participation. The board of directors has direct responsibility for reviewing and maintaining the operations manual, which is updated regularly. These policies ensure that all NPA members abide by a common set of rules and professional standards.
Dispute Resolution . In the rare instance when a dispute arises among two NPA members, a clear path to dispute resolution occurs. First, the owners of the two involved parties try to work out an amicable resolution. If this cannot be achieved, the board representatives for each party intervene, sometimes with guidance from NPA’s business practices chair. If resolution is still not attained, the dispute can be sent to the full board of directors for an arbitration hearing, which includes an appeals process if needed. Very few disputes reach the point of arbitration as most are handled promptly and professionally by the involved owners.
Indemnification . NPA provides members complete protection against nonpayment of fees from other NPA partners. If a member ever fails to pay their trading partner’s fee, and all reasonable efforts to collect the fee have been exhausted, NPA will pay the injured party in full and pursue collection from the offending NPA member. This indemnification policy eliminates any risk of trading within NPA’s network.
Learn more about NPA’s trading network
Contact our director of membership at +1.616.455.6776 Ext. 18 or contact us online for more information.
Worldwide Locations
Your connection to premier independent recruiting firms on 6 continents.
