A. The ordinary general meeting the board of trustees is to be held at least once a year at the beginning of the academic year and up to the end of November each year at the head office of the Foundation. Attendance of the majority of members is required for formality of the meeting and the majority vote is required for approval of each subject. If the number of members present at the meeting in first call did not reach the quorum, members will be re-invited for the next meeting within 15 days of the first one. In this case, the meeting will be formed with any number of present members and it will come into force. It is obvious that all the decisions made at the meeting of the board of trustees will be approved with at least half plus one of votes. Meanwhile, if the opposing votes are equal, vote of the chairman of the board of trustees will determine its approval.
B. Extra-ordinary general meeting may be formed at any time upon the request of at least two-thirds of the members of the Board of Directors and or one-third of the members of the Board of Trustees or upon demand of the Chair of the Board of Trustees.
C. Invitation for ordinary general meetings should be submitted in writing and at least a week in advance.
D. All discussions and decisions of the Board of Trustees will be recorded by the Secretary of the meeting and signed by all members present at the meeting.
Note 5: Minutes of the meetings are formal and effective if signed by all the members of the board of trustees.
Last Updated on Saturday, 11 June 2016