Transparency / Accountability

The General Assembly has the highest supervisory and decision-making authority over the affairs of the Association, particularly in the following matters:

a) Approving the budget and financial statements, granting or denying discharge of responsibility to members of the Board of Directors and the Audit Committee for their actions.

b) Deciding on the purchase or sale of property.

c) Electing the President and members of the Board of Directors and the Audit Committee, with the authority to dismiss them if they neglect the fulfillment of the Association’s purposes, amending the Articles of Association, and deciding on any matter not specifically provided for in the current regulations.

The control and oversight of the Board of Directors’ management are entrusted to the Audit Committee, which consists of three regular members and is elected by the General Assembly every three years, concurrently with the election of the Board of Directors. The term of the Audit Committee is three years. The Audit Committee:

a) Supervises whether the actions of the Board of Directors are in accordance with the law, the Articles of Association, and the decisions of the General Assembly.

b) Has the right to examine the documents and books of the Association and request to inspect the contents of the Treasury.

c) Prepares a report on the management of the Board of Directors, which is submitted to the General Assembly and read after the financial report.

d) Has the right to convene the General Assembly whenever it deems the Association’s interests are at risk.

e) Elects its own President, who leads its operations.