22. Indemnity

by | Jul 31, 2012 | VMCZ Constitution

A member of the Board will be entitled to be indemnified out of the funds of the Council against any loss or liability suffered or incurred by the member in the course of, and by reason of the discharge of his/her duties as a member, save where the loss or liability...

20. Audit

by | Jul 31, 2012 | VMCZ Constitution

20.1 A statement of assets and liabilities and of receipts and expenditure must be prepared annually by the Board, which must be audited by a qualified auditor appointed by the Council.20.2 A copy of the audited financial statements must be presented at the Annual...

19. Secretariat

by | Jul 31, 2012 | VMCZ Constitution

19.1 The Board must appoint an Executive Director and such other staff as it may determine from time to time, on such terms and conditions as it considers appropriate, after consultation with the Management Committee.19.2 The primary responsibility of the Secretariat,...

18. Reports of Board

by | Jul 31, 2012 | VMCZ Constitution

18.1  As soon as is reasonably practicable after the end of each financial year, the Board must prepare a report on all its activities during that financial year18.2 The annual report prepared in terms of Article 18.1 shall be presented at the Annual General...

17. Financial Matters

by | Jul 31, 2012 | VMCZ Constitution

17.1 The financial year of the Council will run from 1 January to 31 December of each year.17.2 The Council is a non-profit making organization. Its income and assets must be applied solely towards carrying out the objectives stated in this Constitution, and at no...

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