Important FoM 8 Updates Regarding Contracts

In November 2018, the IEEE Board of Directors approved changes to the IEEE Finance and Operations Manual regarding the review of commercial contracts.  Effective January 1, 2019, all contracts (i) valued over U.S.$25,000, or (ii) determined to be “high risk” should be reviewed and approved by the IEEE Legal team.  
 
  • As a result, contracts valued at less than U.S.$25,000 that are not “high risk” no longer require legal review. 
 
The IEEE Legal & Compliance (L&C) team is available to discuss contracts of any value if you have specific questions on the contract terms.
 
For questions regarding a specific transaction or other operational support please contact the Conference Contracting team.