An institutional member is for any legal entity which supports the initiatives and directives performed by TIEMS. An independent chapter of TIEMS (see article 10 of the statutes) is an institutional member. The institutional member has 5 votes at the General Assembly. The institutional member has to inform the TIEMS Secretary prior to each General Assembly, who is carrying the proxy for the 5 votes. The membership fee includes 21 % Belgium Value Added Tax (VAT).