20th January 2022
A Member Cohort is a group of related entities that become part of Bonsucro through a parent or related company as specified in the Bonsucro Code of Conduct Implementation Guide paragraph 2A. Where one entity in a Member Cohort is found to be in breach of the Code, any consequences apply to the membership of the entire Member Cohort. For the avoidance of doubt, “group” or “cohort” in this context does not refer to a corporate group. Related entity refers to an affiliate, for example a subsidiary, parent, part-owned JV/ partnership, etc. A company in a cohort cannot be completely outside the corporate group and generally the term “related entity” involves one entity having some control over the other entity, for example, by direct or indirect ownership, or that the entities are under common control, etc.
Bonsucro members must update their Code of Conduct self-assessment to account for companies entering or leaving their Membership Cohort, see Code of Conduct Implementation Guide, 2F. If a Member wants to add or change their Member Cohort, they need to update the self-assessment form to account for the change and confirm that they have undertaken their due diligence and no corrective actions are required.