The European Foundation for Management Development (EFMD) and Management Education & Research Consortium (MERC) agree to a reciprocal membership agreement based on the following:

• EFMD and MERC will be listed in each others' membership books and lists as
  Association Members.
• Fees for attendance at EFMD Annual Conference/MERC Conference for one
  representative from MERC/EFMD are waived.
• Both organizations will seek opportunities to jointly organize conferences of mutual
  interest.
• Both will publish events, news, and offerings through their respective websites and
  publications.
• When appropriate, both organizations will include MERC/EFMD representatives on
  committees.