World Credit Organization (WCO) Introduction, Culture, Corporate Governance Graphics-World Credit Organization

8.1 World Credit Organization (WCO) profile, culture, corporate governance icon

8.1.1 Introduction to the World Credit Organization (WCO)

Note: The website of the World Credit Organization (WCO) Constitution: https://www.ice8000.org/acnhwgc/999.htm;

The World Credit Organization (WCO), an international non-governmental organization, is the setter of international credit standards and the founder of the international social credit system. Business Association [ICEA]. The ICE8000 international credit standard system, whose influence is increasing day by day and credibility is being widely recognized, was formulated by the World Credit Organization (WCO).

The World Credit Organization (WCO) was established in March 2004, registered in Hong Kong, China and Delaware, USA, and founded by the Chinese.

8.1.2 Mission, core values, beliefs, beliefs, mottos, goals, vision

1. The purpose and social mission of the World Credit Organization (WCO)

Promote social integrity, reduce transaction costs, and enhance human well-being.

2. World Credit Organization (WCO) Core Values

Openness, fairness, justice, freedom, democracy, rule of law

Integrity, frankness, integrity, mutual assistance, solidarity, equality

Innovation, tenacity, firmness, professionalism, dedication, truth-seeking

Openness is the basis and premise for realizing fairness and justice; the World Credit Organization (WCO) regards openness as the principle of transaction handling to achieve fairness and justice through openness.

Fairness refers to equal opportunities and fair results under the same conditions; it refers to the pursuit of fairness by the World Credit Organization (WCO) and its members.

Fairness refers to fairness and justice, and refers to the pursuit of justice by the World Credit Organization (WCO) and its members.

Freedom means that everyone has the freedom to choose under the premise of not harming the legitimate rights and interests of others and being willing to bear the corresponding results. All units or individuals who agree with the World Credit Organization (WCO) charter and values, regardless of their experience, origin, country, race, etc., are free to apply to join the World Credit Organization (WCO); for those who do not agree with the World Credit Organization (WCO) charter or value units or individuals have the freedom to withdraw from the World Credit Organization (WCO) at any time.

Democracy means that each member has the direct and real right to vote, to be elected, to vote, to supervise, to criticize and suggest, and to know.

The rule of law refers to the basic system in which the World Credit Organization (WCO) implements the separation of three powers (legislative power, executive power, and judicial power).

Integrity means that each member is honest and trustworthy, and treats others with kindness.

Candor refers to open, straightforward communication between members.

Integrity refers to the quality of integrity in a member.

Mutual aid means that members help each other regardless of size, rich or poor.

Unity means that members encourage each other and jointly pursue the purpose of the World Credit Organization (WCO).

Equality means that members treat each other as equals regardless of size, wealth or poverty.

Innovation refers to diligent thinking and the courage to try to solve problems in better ways.

Toughness refers to being tenacious, persevering, and never giving up in the face of difficulties.

Stand firm means standing firm and not being swayed by pressure or temptation in the process of upholding social justice and the purposes of the World Credit Organization (WCO).

Professionalism means that each member has professional credit knowledge and professional ability, and constantly improves the level of professional knowledge and professional ability to meet the needs of the society; it also means that each member strives to obtain customers and society with professional services or products. Recognition and respect.

Dedication means that every member has professionalism. Professionalism is the personal quality that individuals show when they engage in self-led activities with clear goal selection, simple values, selfless devotion, and serious and responsible attitude.

Seeking truth means that every member pursues the truth.

3. World Credit Organization (WCO) Faith

Integrity is the basis for a unit or individual to achieve sustainable development and gain social respect.

Freedom and justice are the way of nature, and the pursuit of freedom and justice is one of human nature.

Evil does not overwhelm good, and justice can eventually defeat evil.

Fourth, World Credit Organization (WCO) Faith

A unit or individual may seem weak, but as long as they make unswerving and continuous contributions to society, they will eventually promote the development and progress of society.

V. World Credit Organization (WCO) motto

1. Procedural justice to achieve the justice of the purpose, or to say: to achieve the just goal with the just procedure, that is to say: we will never use unjust means for the just goal, because the unjust means themselves It is not in line with our goal of justice, and it will eventually make us fall short of our goal of justice.

2. We pursue our purpose without hesitation. We follow the principles of conscience and integrity, and actively conduct credit supervision on various social activists. If our credit supervision damages the legitimate rights and interests of others, we are willing to take all responsibilities and make Sincere apology; if our actions have compressed the survival and development space of the untrustworthy, and therefore have been attacked, abused, insulted, slandered, intimidated, and lured by the untrustworthy, I will not shrink back, yield or give up my principles, and we will absolutely Will not use the name of credit supervision to extort others.

3. Every member and staff member of the World Credit Organization (WCO) strives to: Don't worry about not having opportunities and positions, only worry about your inability; don't worry about not being rewarded, only worry about whether you are beneficial I don’t worry about whether I can be recognized by the society, but only worry that I haven’t made a contribution to the society; I don’t worry about whether my customers don’t recognize me, but only worry about whether my knowledge and ability can meet the needs of customers.

6. Short-term goals of the World Credit Organization (WCO)

Recent World Credit Organization (WCO) development goals:

1. Popularize the concept of credit in China, so that people gradually accept that "supervised integrity is reliable integrity";

2. From the two aspects of theory and practice, establish an effective social credit system for China, and realize the situation where honesty benefits and dishonesty suffers;

3. Actively promote the professionalization of China's credit institutions, improve the credit professional service capabilities of China's credit institutions and employees, thereby increasing the income level of China's credit institutions and employees;

4. Actively carry out self-discipline and peer supervision of the credit rating industry to ensure the healthy development of the credit rating industry and prevent the credit rating industry from becoming an industry that deceives people under the banner of "credibility" and "integrity";

5. Actively attract individuals, units, and regions with integrity values to participate in the governance of the World Credit Organization (WCO).

7. Vision of the World Credit Organization (WCO)

1. One of the most influential, credible and respectable industry self-regulatory organizations for credit practitioners and credit practitioners in the world;

2. One of the most influential, credible and respectable NGOs in the world;

3. The democratic associations of individuals, units, and regions around the world with integrity values deserve respect for their contributions to human well-being and human progress.

8.1.2 The social role positioning of the World Credit Organization (WCO)

The social role of the World Credit Organization (WCO) is:

1. Formulator of international credit standards;

2. Credit practitioners and credit practitioners' services and self-regulatory institutions;

3. Services and self-regulatory organizations of individuals, units, and regions with integrity values;

4. Mediation institutions, arbitration institutions, and trial institutions for various disputes.

8.1.3 World Credit Organization (WCO) Development Plan

1. Make efforts to establish ICE8000 credit institutions in various countries or regions around the world.

2. Strive to recruit individuals, units, and regions with integrity values in various countries or regions around the world.

8.1.4 World Credit Organization (WCO) corporate governance structure

The Constitution of the World Credit Organization (WCO) defines the organizational structure of the World Credit Organization (WCO). The charter of an organization is the constitution of the organization, and the charter of the World Credit Organization (WCO) fully draws on the advantages of the US Constitution.

1. Separation of powers

The organization implements the basic system of separation of legislative power, executive power, and dispute adjudication power. The three powers are relatively independent, mutually supervised, and mutually checked and balanced. Organize various management agencies and staff to perform their duties in accordance with the general principles of the common law system and the principles of universal human values.

Second, Council

The council is divided into the Council of Credit Practitioners, the Council of Credit Practitioners, the Council of Integrity Units, the Council of Integrity Individuals, the Council of Integrity Regions, the Council of Donors, and the Council of Investors. Elected to represent the interests of members of the same category. A proposal requires seven councils to vote separately, two or more independent councils agree, and no other two or more independent councils veto it, then it is voted by the council. In this way, through representative democracy, the interests of various groups can be balanced.

3. International Court of Ethics

Organize the establishment of an international moral court to hear various credit disputes based on the accuser's complaint. The International Moral Court is divided into the International Moral Court of First Instance, the International Moral Court of Second Instance, and the Supreme International Moral Court. The International Moral Court of First Instance and the International Moral Court of Second Instance are composed of the president, trial committee, and jury; the Supreme International Moral Court is composed of the Board of Supervisors. There is no affiliation among the president, supervisors, trial committee members, and jurors, and they perform their duties independently.

Fourth, executive committee and president

The administrative system of the organization is collectively referred to as the executive council. The President of the Executive Council is directly elected by the members, and is the highest representative of the World Credit Organization (WCO), as well as the highest person in charge of the Executive Council, and presides over the daily administrative work of the World Credit Organization (WCO). The president of the executive committee draws up the departmental setup and staffing plan of the executive council, nominates senior management personnel, and it takes effect after being deliberated by the board of directors.

V. Transition period setting

Article 20.3 of the Articles of Association stipulates: After a referendum of members, a transition period can be set for the requirements of this Articles of Association according to historical conditions and actual conditions. At present, due to the small number of members of the World Credit Organization (WCO), some governance requirements cannot be realized objectively, and some transitional periods have been set by members' referendum.

6. World Credit Organization (WCO) corporate governance structure diagram