Charter of The Korean - Swedish Association

 March 5, 1991

 

    - Chapter 1 General Provisions -

Chapter 1
: This organization shall be called the Korean-Swedish Association.
Chapter 2 : The objectives of  this Association are to foster friendship and understanding and                       promote academic, cultural, economic,
                     scientific and technical exchanges between the Republic of  Korea and
                     Kingdom of Sweden at a non-governmental level.
Chapter 3 : To accomplish the objectives as stipulated in Article 2, the Association shall                      undertake the following tasks:
     
                
                     
1. Projects necessary for fostering friendship and understanding between
                         Korea
  and Sweden,
                     2. Study and research on economy, societies, arts and science and  culture
                         of Korea and Sweden as well as publication thereof,
                     3. Cultural events such as seminars and symposiums necessary for
                          enhancement of cooperative relations between private sectors of two countries,
                     4. Exchange of youths and students between Korea and Sweden,
  
                   5. Exchanges of people in the fields of art, culture, science and technology as well
                          as to help accelerate bilateral trade and joint investments between Korea and                           Sweden,
                     6. Other projects and programs required for the accomplishment of objectives of                            this Association.
Article  4 : The head office of this Association shall be located in Seoul, Korea.
                     The Association may set up its branch offices in other cities of Korea When
                     necessary.
 

   - Chapter 2 Membership -

Article  5
: The members of this Association shall be individuals and organizations
                       that are willing to subscribe to the objectives of this Association as well  its
                       charter.
Artiale  6 : Those desirous of becoming members of this Association shall submit the
                       application form and get relevant confirmation from the Board of Directors.
Artiale  7 : Those desirous of withdrawing membership of this Association shall
                      submit the withdrawal application.
Artiale  8 : Members who damage the fame of the Association shall be expelled from                      Association upon the decision of the Board of Directors.
Artiale  9 : The  members of this Assocition shall enjoy the following rights vis-a-vis the
                     Association
                     1. The right to elect officers of the Association and right or being elected its
                          officers,
                     2. The right to view documents relating to activities and assets of the Association,
Article 10 :   The Association members shall bear the following responsibilities:
                      1. The obligations to abide by the Charter and regulation of the Association and
                            resolutions as adopted at the General meetings,
                      2. The obligations to pay dues

 
   
- Chapter  3.  Officers -

Article 11
: The Association shall have Officers comprising no more than 20 Directors and
                      3 Auditors.
Article 12 : The Board of Directors shall elect, among its Directors, one (1) President,
                      Two (2) Vice-Presidents and six (6) Executive Directors.
Article 13 : The Officers of the Association shall be elected at the General Meetings.
Article 14 : The Officers of the Association shall perform the following duties:
                      1. President shall represent the Association and manage overall affairs of  the
                          Association,
                      2. Vice-President shall assist the President in conduct of the Association and
                          perform duties of the President on his behalf when in the absence of the
                          Persident,
 
                      
3. Executive Directors shall perform their duties under the President's
                           directions and shall preform their duties when in the absence of both the
                           Persident and Vice-president,
                      4. Auditors shall inspect the revenues and expenditures of the Association and
                            report to the General
  meeting. Auditors may also attend the Board of Directors
                            meetings and express their views at the meetings.
Article 15 : The Tenure of Officers
    
                  1. The terms of Officers of this Association shall be two years.
             
         2. In case of vacancy in the post of Officers, an officer or officers may be elected
                            by the Board of Directors. The term of the officers thus elected shall be the
                            remaining tenure of office of the predecessor.
           
           3. Officers may be reelected for successive terms.
Article 16 :  The Preesident shall have his immediate predesessor for Honorary President of
                       the Association, unless there are specific reasons for otherwise, upon consent of
                       the Board of  Directors. The president may also have a few Advisors and
                       Consultants. Honorary President, Advisors and Consultants may give counsel at
                       request of the President.
Article 17 :  The President shall recommend the Ambassador of Sweden to Korea for
           
            Special Advisor to the Association unless there are specific reasons for
                       otherwise. The Special Advisor may give counsel at request of the President.
Article 18 :  The Officers of the Association shall be of honorary status.

 
   
 
- Chapter  4  Meetings -

Article 19
: The Association shall have Regular General Meeting, Special General Meeting
                      and Board of Directors Meeting.
Article 20 : The Regular General Meeting shall be convened once a year by the President. 
                      
The Special General Meeting shall be convened by the President when he
                      deems it necessary or upon decision of the Board of  Directors.
Article 21 : When the President is intended to convene a General Meeting,  he shall notify
                      each member of the Association in writing of the agenda items, time and place
                      of the Meeting seven (7) days in advance of the meeting date as scheduled.
Article 22 : The Board of Directors shall comprise the President, Vice-President and
         
             directors.
Article 23 : The Board of Directors shall meet in its Regular Meeting twice a year. Special
                      Meeting of the Board of Directors shall be convened when the President deems
                       it necessary or there come requests from more than one third of the Board
                       of Directors.
Article 24 :  The President shall be the Chairman of the General Meetings and the Meeting of
                       the Board of Directors,
  respectively.
Article 25 :  More than one third of total members shall constitute a quorum for a General
                       Meeting
  while more than one half of Directors shall constitute a quorum for a
                       Meeting of the Board of Directors. However, proxies may be used to substitute
                      attendance.
Article 26 :  Resolutions of the General Meetings and Board of Directors meetings shall be
                       carried by a majority of the members present.
  The President shall rule, in case
                       of a tie.
  However, the amendment of the Charter of this Association shall require
                       an approval of more than two thirde of the total members.
Article 27 :  General Meetings shall resolve the following matters :
          
             1. Amendment of the Charter of the Association,
              
         2. Election of Offiers of the Association,
              
         3. Review of revenues and expenditures,
      
                 4. Report on affairs of the Association,
      
                 5. Plans and programs of activities,
      
                 6. Other necessary matters.
Article 28 :  The Board of Directors shall resolve the following matters :
          
             1. Annual plans and programs,
         
           2. Budget arrangement for the fiscal year,
                  
     3. Matters delegated to the Board of Directors by General Meeting,
                       4. The enactment, amendment and repeal of regulations necessary for                            administering the Association,
      
                 5. Matters to be taken up at General meetings,
      
                 6. Levying and collecting the membership dues,
      
                 7. Matters relating to the admission and expulsion of membership,
      
                 8. Decisions on basic salaries, allowances and bonuses of employees,
      
                 9. Matters relating to the performance of duty of the employees,
    
                 10. Urgent matters
      
               11. Other necessary mattres.

 
   
- Chaper  5  Finance -

Article 29
:  The fiscal year of this Association shall begin annually on January 01 and
                       end of
  December 31 of the year.
Article 30 :
   The expenses of the dues, donations, revenues and properties as resolved by the                         Board of  Directors to be the Association's  basic assets.
Article 31 :
   The President shall prepare the following documents at the end of each fiscal
                       year and submit them to the Board of Directors and to the General Meeting :
                       1. Settlement of accounts for the preceding year and the budgets for revenues and
                           expenditures for the following year,
                       2. Reports on activities for the preceding year and the plans programs for the
                           following year, Views of the auditors shall be attached to the settlement of
                           accounts and reports on activities.


   
- Chapter  6  Additional Clause -

Article 32 :  This Charter shall come into force upon approval by the Minister of
                       Foreigh
  Affairs of the Republic of Korea.
Article 33 :  This Association shall be dissolved upon consent of than two thirds of the                         members.
Article 34 :  If end when a dissolution is resolved, all of the Officers shall become Liquidators.
Article 35 :  Any assets left after liquidation shall be donated to organizations of such
                       kind as this Association.
Article 36 :  Matters which are not stipulated in this Charter shall follow precedents and
                       common practies.
Article 37 :  The term of Officers as elected at the Special General Meeting held on
                       November 25, 1989 shall last until the 1992 Regular Grenral Meeting.
Article 38 :  In accordance with the amendment of the Article 29 of this Charter Which
                       was amended by the decision of Board of Directors on Feburary 21, 2002, the
                       fiscal year of 2002 shall begin as April 01 and end on
  Dec, 31, 2002.

                                                                                                                      

                                                                                                           -The End-