WCoMC is a modern Livery Company that was founded in 1992 and incorporated by Royal Charter. It forms part of the governance of the City of London which stretches back to the Middle Ages. WCoMC is a membership body of experienced management consultants working together to make a difference, through philanthropy, education and fellowship, bringing about ‘Change through Wisdom’.
Since 2010, Youth Business International has greatly benefitted from the generous pro bono support of WCoMC consultants around our cornerstone Accreditation programme. Accreditation is implemented by a select pool of trained Assessors from WCoMC who volunteer their time to visit YBI members across the globe and conduct organisation-wide reviews to determine the extent to which the seven YBI ‘minimum standards’ are met. The process ensures YBI’s network comprises only robust, impactful, and reputable entrepreneurship support organisations. Accreditation assessments reports are subsequently presented to the YBI Accreditation Committee (a sub-committee of the YBI Board of Trustees which includes other professionals with legal and financial expertise) which decides whether accredited status can be awarded.
The professionalism and expertise of WCoMC Assessors brings significant value to the accreditation reviews, whilst their recommendations and insights are valued by our members to strengthen and grow their operations. For the WCoMC, the partnership is mutually beneficial for providing exposure to inspirational staff and young people, and the ability to visit and support not-for-profit organisations across the world.
Between 2019 and 2020, pro bono support from WCoMC equated to more than £200,000 and helped us to achieve 13 in-country visits and six remote reviews (introduced in 2020 as a result of travel restrictions imposed in light of the global pandemic). WCoMC has also provided three separate cash grants to YBI from its charitable fund in order to cover the costs of this important function.
For more information about the great work of WCoMC, visit their website or email firstname.lastname@example.org.