ISM-Memphis, Inc. Purpose

ISM-Memphis is a not-for-profit corporation organized and operated not for pecuniary profit, but exclusively for educational purposes within the meaning of Section (501 (c)(3)) of the Internal Revenue Code (hereinafter referred to as the "Code"), and in the connection, the purposes for which ISM-Memphis shall be organized and operated are as follows:
 (a)        To foster and promote interchange of ideas and cooperation among its members.

(b)        To promote the study, development, and application of purchasing management and supply management, including improved procurement or purchasing methods and practices and all matters related to the foregoing (hereinafter referred to as "the purchasing management and supply profession").

(c)        To collect and disseminate by all lawful means information of interest and benefit to its members, including surveys and reports of current business trends and other information of interest to the purchasing management and supply management profession.

(d)        To develop and encourage standards of personal and ethical conduct among persons engaged in the purchasing and supply management profession.

(e)        To develop, sponsor, promote and encourage a professional certification program for persons engaged in the purchasing and supply management profession.

(f)        To encourage and cooperate in the institution and development of educational courses, seminars, programs and materials on the subject of purchasing and supply management and all matters related thereto.

(g)        To strive by all lawful means to promote and enhance the purchasing and supply management profession.

(h)        To be affiliated with the Institute for Supply Management, Inc. ('ISM') and other associations or organizations of persons engaged in the purchasing and supply management profession throughout the United States and all foreign countries.

(i)        To cooperate, collaborate and exchange information by lawful means with professional, trade and other associations and organizations of persons engaged in the purchasing and supply management profession, and to advance public relations with governmental agencies and the public in general concerning the purchasing and supply management profession.

(j)        To do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, directors or officers, except as otherwise permitted by the laws of the State of Tennessee.

        In the accomplishment of these purposes, it shall be the policy of ISM-Memphis to comply at all times with all existing and future laws, including the antitrust laws, and in furtherance of this policy, no activity or program shall be sponsored or conducted by or within ISM-Memphis which in any manner whatsoever shall represent or be deemed a violation of any existing or future law, including the antitrust laws, all in accordance with the ISM Statement of Antitrust Policy and Guide for Antitrust Compliance, as amended from time to time by the Board of Directors of ISM.

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