Articles of Association of the Alumni Association of the Willem C. Vis ...

Board. The Executive Board shall inform the Members in writing about the appointment,
removal and resignation of Officers as well as about their assignments.
§ 13: Particular Duties of Individual Executive Board Members
(1) The President shall run the day-to-day business of the Association together with the two
Vice-Presidents.
(2) The Executive Board shall represent the Association externally. Written copies of the
Association require the signature of one of the Executive Board members to constitute
valid communications on behalf of the Association; in financial matters involving
transactions of more than Euro 1.000 the signature of all three Executive Board members
shall be required. Transactions between Executive Board members and the Association
require approval of another Executive Board member.
(3) The Executive Board may only execute a power of attorney for representation of the
Association by another Member or third person by unanimous decision.
(4) In case of imminent danger and urgency, the President shall be entitled to take decisions
and actions on his/her own in matters falling within the responsibility of the General
Meeting or the Executive Board; such decisions and actions however require subsequent
approval of the competent organ of the Association.
(5) The President chairs the General Meeting and the meetings of the Executive Board.
(6) The Vice-President who is also in charge of the treasury is responsible for the financial
practice of the Association.
§ 14: Cash Auditors
(1) The General Meeting shall appoint two Cash Auditors for a one-year term. Re-election
shall be possible. Save for the General Meeting, the Cash Auditors shall not be members
of another organ of the Association, unless the activity of the organ is not subject to the
audit.
(2) The Cash Auditors shall be responsible for the day-to-day business control and the audit
of the financial practice of the Association in respect of the proper accounting and use of
the means in accordance with the terms of the Articles of Association. The Executive
Board shall provide the Cash Auditors with all documents and information they require to
perform their duties. The Cash Auditors shall report to the Executive Board about the
result of their audit.
(3) Transactions between Cash Auditors and the Association require approval of the General
Meeting. The provisions of § 11 (8) to (10) apply mutatis mutandis to Cash Auditors.
(4) The financial year of the Association shall run from 1 January until 31 December of the
same calendar year.
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