RDP Compliance Timetable For NACD Candidates

In September 1998, Article III of NACD’s Bylaws was amended by adding a new Section 8 and amending the title of Article III by adding the words "and Candidates for Membership."

ARTICLE III
Membership and Candidates for Membership

Section 8A Candidate for membership is a company not eligible for Regular Membership because it is not in full compliance with the Responsible Distribution ProcessSM (RDP) at the time the company's application for membership is submitted.

A Candidate is not a member under Section 2 of this Article, but shall advance to Regular Membership status and must submit proof of third-party verification by December 31 of the year following the year that the Candidate's application for membership is approved by NACD. Failure to advance to Regular Membership, or to submit proof of third-party verification within the time required, shall result in automatic termination of Candidate status. Any company terminated from Candidate status shall not again be eligible for Candidate status.

A Candidate shall pay such dues and fees assessed; shall not have the right to vote; shall not use the NACD or Responsible Distribution ProcessSM logo; shall meet such other terms and conditions; including the Responsible Distribution ProcessSM milestones; and other conditions of Candidate status as may be imposed by NACD from time to time.

A Candidate’s benefits shall include:

1. Attendance at all Association functions except the Annual Business Meeting of the membership.
2. Receipt of all NACD literature (except proprietary information).
3. A listing in the NACD Directory and Web site in the Candidate category.

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Notes:

• Non-member companies who previously held membership in NACD are NOT eligible for Candidate status, Article III, Section 8
• Below is a timetable that Candidates will follow:

All Candidates to NACD must be compliant with the Responsible Distribution ProcessSM, as it exists on the date of application, according to the following timetables: