Board of The Foundation
Board of the foundation is its highest governing board. It is assembled at least four times a year. Board of the foundation is occupied with the most important and top priority questions: main course of action, workplan, principles of raising and usage of funds, approves for key assignments and other serious matters.
Board’s area of focus:
- Changes and amendments to organizational documents.
- Approval of pivotal areas of work and foundation’s development.
- Approval of executive director of the foundation, control and auditing board, audition company, and formation of guardianship board and inviting foundation’s experts..
- Approval of annual budget of the foundation and approval of the plan of events, annual report, accounting balance-sheet and charity programs of the foundation.
- Decision making about how, when and/or why to reorganize the foundation, run revision check, open branch offices, commercial and non-commercial organizations.
- Decision making about organizing major projects and fundraising in the interests of goals, declared in regulations.
- Decision making about means and conditions of foundation’s participation in major economic and political deals.