The vote by members of the Public Fundraising Association to decide whether or not to ratify its proposed merger with the Institute of Fundraising has been delayed.
According to a joint statement from the IoF and the PFRA, the decision to delay the formal vote on the merger between the organisations was taken at the AGM in London yesterday.
A vote was instead taken to hold an Extraordinary General Meeting at some point between now and the 31st July; the deadline for when the merger is to be completed.
According to a spokesman for the organisations, the vote was delayed in order to “allow more time for the legal requirements of the due diligence process to be completed”.
The spokesman could not confirm what those requirements were.
The spokesman also could not confirm a date for the EGM, but said it would be before 31st July. He said the motion to complete the merger was still very much alive and that both organisations remained committed to completing it before the deadline.
In a joint statement, Peter Lewis, chief executive of the IoF and Peter Hills-Jones, chief executive of the PFRA, said: “The IoF and PFRA have today agreed to set a new date for the formal vote to confirm our merger, allowing both our organisations to complete all the legal requirements of the due diligence process.
“The boards of both organisations remain entirely committed to merging at the earliest opportunity and the target date for completing the merger remains unchanged at 31 July.”
Both organisations officially announced their intention to merge in March 2016. The merger was also one of the recommendations of the Etherington Review which was published in September 2015.
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