THE COVENANTS FOR FINNISH BUSINESS COUNCIL SHANGHAI

Name and Place

The society shall be named as the FINNISH BUSINESS COUNCIL SHANGHAI and hereafter referred to as ”FBCS”.

Mission Statement

FBCS will promote co-operation between Finnish companies in areas of trade and industry related issues within the greater Shanghai area.

Activities

Key activities of FBCS are:

  • To provide a forum for information exchange
  • To represent its members
  • To support the interaction / information flow between FBCS’s board and its members

Membership

The following are the categories of membership:

  • Corporate membership
  • Honorary membership
  • Individual membership

Corporate membership is open to all Finnish organisations that are either incorporated, registered or represented in the area. Corporate members will be nominated and membership granted automatically by the executive board.

Honorary members shall be granted in the annual general FBCS meeting based on nomination by the executive board.

Individual membership can be applied by any Finnish citizen working for a foreign company in Shanghai or nearby area. The executive board will grant membership.

Membership applications should be sent to the secretary of FBCS. The secretary shall keep the register, and the mailing list of FBCS.

Corporate members may have one or more appointed executives participating in all FBCS meetings. Visiting business may participate in the general meetings as visitors.

Fundraising

The executive board can suggest fundraisers for various specific purposes.

Resignation

A member may resign at any time by giving notice to the secretary.

The Executive Board

The annual general meeting shall elect a 5-member executive board to plan and direct the activities of FBCS.

The executive board elects the treasurer from within its members.

Subcommittees may be nominated as they may be deemed necessary.

It is recommended that the chairman and three other board members be chosen from the private sector. The fifth member should be the Commercial Counselor of the Finnish Consulate, acting at the same time as the secretary for the board and the council.

Annual General Meeting (AGM)

The annual general meeting shall be held by the end of March of each year upon a date and time convened by the chairman, but no later than two weeks prior to the meeting.

In the annual general meeting FBCS shall:

  1. prepare and review the annual report
  2. review the financial statement, including any changes, and prepare the balance sheet
  3. release the executive board from any responsibility related to the financial matters of FBSC
  4. elect the members of executive board
  5. resolve other matters of importance
  6. review the draft for an action plan for the upcoming year

A member who wants to make any changes to the minutes of the AGM shall notify the chairman or any other member of the board no later than two weeks before the scheduled date of the meeting.

In general meetings the chairman, and in his absence the deputy chairman shall take the chair. In the event of a vote, the chairman shall have a second or casting vote. The executive board shall convene prior to each FBCS meeting.

Quorum at Annual General Meetings

Any general meeting requires a quorum of no less the chairman and five registered members. The quorum can be formed by contacting all the members by email.

Amendments to the Covenants

No alterations or additions to the covenants shall be made except at the annual general meetings, or at the meetings specifically convened for that purpose.

Dissolution

The FBCS shall be dissolved with the consent of three-quarters (3/4) of the members present at a general meeting convened for the said purpose.

In the event of the FBCS being dissolved, all debts and liabilities shall be fully discharged, and the disposal of the remaining funds shall either go to an appropriate way to promote Finnish trade, or to be donated to charitable institutions as decided by the general meeting.

(Approved by FBCS’s Annual General Meeting on Feb.28th, 2002)