Board of Directors

Duties and Powers of the Board of Directors

The board of directors performs the following tasks:

1. To represent the association or to authorize one or more of its members to represent it,
2. To conduct income and expense transactions and to prepare the budget for the next period and present it to the general assembly,
3. To prepare the regulations regarding the activities of the association and submit them to the general assembly for approval,
4. To purchase immovable property with the authority given by the general assembly, to sell movable and immovable properties belonging to the association, to construct buildings or facilities, to make lease agreements, to establish pledges, mortgages or other rights in favor of the association,
5. To ensure the opening of representative offices in places deemed necessary,
6. To implement decisions taken at the general assembly,
7. To prepare the operating account table or balance sheet, income statement and report explaining the board of directors’ activities at the end of each financial year and present them to the general assembly when it convenes,
8. To ensure the implementation of the budget,
9. To decide on the admission or dismissal of members to the association,
10. To make and implement all kinds of decisions necessary to achieve the purpose of the association,
11. To perform other duties and use the powers granted by the legislation.