APEC Studies Association of Korea - Articles of Association

Introduction

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Enacted October 30, 1998

Revised August 24, 2012

Revised July 07, 2017

Revised September 13, 2021

Chapter 1: General Provisions

Article 1 (Name)

The association shall be referred to as the APEC Studies Association of Korea (hereinafter referred to as "Association") and in English as the APEC Studies Association of Korea (in abbreviation, ASAK).

Article 2 (Purpose)

The Association aims to contribute to academic and national development by studying theoretical and academic research projects and policy issues related to APEC, and related fields, and disseminating the knowledge.

Article 3 (Secretariat)

The Secretariat of the Association is located in Seoul Metropolitan City.

Article 4 (Activity)

The Association shall conduct the following activities to achieve the purpose of Article 2.

1. Publishing of publications such as the Journal and APEC-related materials

2. Holding research forum, symposiums, seminars, and public lectures

3. Advising and education on APEC economic cooperation and related fields

4. Exchange with domestic and overseas academic institutes and related organizations

5. Conduct academic research projects and policy projects in APEC and related fields

6. Other projects for achieving the objectives of the Association

Chapter 2 Members

Article 5 (Organization and Qualification of Members)

The members of the Association consist of regular members, associate members, institutional members, and special members.

① Regular members

A person who embraces the purpose of the Association and works in education, research or practice in the field of APEC in a university or research institute, shall be a member through the prescribed procedure.

② Associate members

Graduate students or those who are interested in the APEC issue, shall be an associate member through the prescribed procedures.

③ Institutional members

An enterprise, an institute, or an organization engaged in APEC-related business and economic transaction in the Asia-Pacific region, shall an institutional member through the prescribed procedures.

④ Special members

A person, who embraces the purpose of the Association and has contributed significantly to the advance of the Association, shall be a special member by the recommendation of executive committee.

Article 6 (Right and Duty of the Association)

① Regular members and group members shall be members of the general meeting and have the right to vote, to be elected, and to vote in the general meeting. However, the group member shall be the representative director of the group.

② Associate members and special members may submit opinions at the general meeting.

③ Members of the Association shall pay prescribed dues as determined by the Executive Board. However, a special member may waive the dues according to the decision of executive committee.

Article 7 (Loss of Membership and Expulsion)

If a member of the Association falls under any of the following subparagraphs, the member may be disqualified or expelled by a resolution of executive committee.

1. When a member declares his or her withdrawal by written notice.

2. Failure to honor the Association's integrity as a member, failure to fulfill its obligations, or failure to comply with its Articles of Association or other resolutions.

Chapter 3 Officers

Article 8 (Officers)

We have the following officers in the Association.

1. One president

2. Vice presidents of no more than 3

3. Directors of no more than 50 (including president and vice presidents)

4. Auditors no more than 2

Article 9 (Election and Term of Officers)

① President and vice-president(s), directors, and auditor(s) shall be elected by the General Assembly.

② In case of appointing a new officer, a copy of the changed registration form shall be submitted to the competent authority within 10 days after registering the change of the officer to the court.

③ The term of officers shall be one year and may be renewed for one year.

④ An officer shall be appointed within 60 days of the occurrence of vacancy, but may not be filled by resolution of the board of directors when vacancy occurs within 90 days before the expiration of the term.

Article 10 (Duties of Officers)

① The president shall represent the Association and shall supervise the work of the Association.

② The vice president shall assist the president and shall perform his or her duties when the president is deposed.

③ Directors conduct the tasks delegated by the board of directors, a general meeting, or president.

④ The auditor shall audit the business, property matters, and the business execution of the Association, report the results of the audit to the general meeting or the board at least once a year, and may state opinions to the general meeting and the board of directors or the president.

Article 11 (Remuneration of Officers)

In principle, the officers of the Association shall be unpaid. However, according to the regulations, it is possible to receive travel expenses and other expenses for the execution of official duties.

Article 12 (Advisors and Consultants)

The president, with the resolution of executive committee, may appoint a number of advisors and consultants, to take counsel on the operation of the Association.

Chapter 4 General Meeting

Article 13 (Composition and Function of the General Assembly)

General meeting of the Association shall consist of regular members and institutional members, and shall decide on the following matters.

1. Change of Articles of Association

2. Selection and dismissal of Officers

3. Approval of business plan

4. Approval of budget and settlement

5. Matters concerning dissolution of the Association

6. Other mattes deemed important by the president or the board

Article 14 (Convocation of General Meeting)

① General meeting of the Association shall be divided into a regular general meeting and a special general meeting. The regular general meeting shall be convened once a year, and a special general meeting shall be convened by the chairman in the following cases.

1. When deemed necessary by the president.

2. When requested for convening a general meeting by resolution of the board of directors.

3. When there is a request of more than one-third of members of the general meeting (in case of a change of articles of incorporation, a request of a majority of members is needed)

4. When there is an auditor’s request for convening a general meeting in accordance with Article 10 (4).

② Convening of a general meeting shall be notified before 7 days to all members of the Association in writing, specifying the purpose, date and place of the meeting,

Article 15 (Quorum of the General Meeting)

① General meeting shall decide by a majority of the members in attendance, and in case of a tie, the chairman shall decide.

② Members of general meeting may exercise their voting rights in writing or by proxy.

③ In case of Paragraph (2), the delegating member shall be deemed to attend the general meeting, and the power of attorney shall be submitted to the Chairman before the general meeting

Article 16 (Grounds for Dismissal of General Meeting)

The member shall not participate in the resolution of matters falling under any of the following 1 items.

① matters concerning oneself in approval or appointment of officers.

② Matters involving acceptance of money and property, which are conflicting with the interests of the Association.

Article 17 (General Meeting Minutes)

For the proceedings of the General Meeting, the minutes and contents of the proceedings shall be prepared and the Chairman and the Chairman shall designate each one of the members present and members of the General Assembly to sign them and keep them in the office of the Association. To each director and auditor.

Chapter 5 Board of Directors

Article 18 (Composition and Function of the Board of Directors)

The board of directors is composed of the chairman, vice-chairman and directors, and resolves the following matters. However, the auditor may attend the board and make comments.

1. Proposals to the General Assembly or delegated by the General Assembly.

2. Enactment and amendment of regulations.

3. Business plan, budgeting, reporting

4. Other matters deemed important for the performance of business.

Article 19 (Convocation of the Board of Directors)

① The board of directors convenes and becomes chairman of the board.

② The President shall convene a meeting of the Board of Directors in each of the following cases:

1. When deemed necessary by the president

2. When more than half of the board members present the purpose of the meeting and demand a call

3. When there is a call for an audit in accordance with Article 10 (4)

③ The convening of the board of directors shall notify each director, vice chairman, and auditor in writing of the purpose, date and place of the meeting by seven days prior to the meeting. However, if the chairman recognizes that the matter is urgent, he may notify the chairman until the day before the meeting.

Article 20 (Quorum for Resolution)

① The Board of Directors shall decide by a majority of attendance and a majority of the attendance directors. However, with regard to dissolution of the Association, it shall be approved by ⅔ or more.

② If he / she can not attend the meeting, he / she shall notify the president of the reason, and when he / she submits the power of attorney, he / she shall regard it as attendance and delegate voting rights to his /

③ If it is unavoidable, there is no room for convening the board of directors, or minor matters can be decided in writing. However, they shall report the results to the next meeting of the Board of Directors.

Article 21 (Proceedings)

For the proceedings of the board of directors, a minutes containing the progress and results shall be drawn up, and two or more directors appointed by the chairman and the chairman shall be named and kept in the secretariat of the Association.

Chapter 6 Standing Board of Directors

Article 22 (Functions and Composition of Standing Board of Directors)

① The Association shall deliberate and resolve the following matters with the Standing Board of Directors in order to operate the duties of the Board of Directors in a more efficient manner.

1. Proposals to the Council or delegated by the General Assembly and the Board of Directors.

2. Matters concerning acquisition and disposition of property.

3. Matters concerning the reward, enrollment, withdrawal and expulsion of members.

4. Preliminary deliberations on the enactment and amendment of the provisions.

5. Preliminary deliberation of business plan, budgeting, and financial reporting.

6. Operation of subcommittees under Article 27.

7. Establishment of research institute under Article 28.

8. Other matters deemed important for the execution of business.

② The Executive Board consists of the chairman, vice-chairman and directors appointed by the chairman among the directors, and the auditor may attend and present opinions at the senior board of directors meeting.

Article 23 (Convocation of the Standing Board of Directors)

① The Standing Board of Directors convenes and becomes chairman of the meeting.

② The President shall convene a permanent meeting of the Board of Directors in the following cases.

1. When deemed necessary by the president.

2. When there is a request from a majority of permanent directors.

3. When there is a call for an audit in accordance with Article 10 (4).

Article 24 (Quorum for Resolution)

① The Standing Board of Directors shall be decided by a majority of the attendance and a majority of the attendance directors.

② If he / she can not attend the regular meeting, he / she shall notify the president of the reason for the meeting, and when he / she submits the power of attorney, he / she shall regard it as attendance and delegate voting rights to whom he / she assigned.

③ If it is unavoidable, there is no room for convening a permanent meeting of the Board of Directors, or minor matters can be decided in writing. But shall report the results to the next senior executive board.

Article 25 (Proceedings)

With regard to the proceedings of the Standing Council, the minutes shall be filled out and one person named by the Chairman and the Chairman shall be named.

Chapter 7 Secretariat, Subcommittee and Research Center Operation

Article 26 (Secretariat)

① We can have the necessary department and staff to handle the academic affairs of the society

② The departments and directors shall be established by a resolution of the Standing Board of Directors, and the Secretary General managing the Secretariat shall operate the Secretariat.

③ The president of the secretariat shall be appointed by the president, and the staff of the department shall be appointed by the president by the recommendation of the secretary general.

Article 27 (Subcommittee)

① The Association shall be composed of several members selected by the Standing Board of Directors in order to carry out the business of Article 4,

② The Chairperson of the Committee shall be appointed by the President upon recommendation from the Standing Board of Directors.

③ The provisions of the Subcommittee shall be governed by a resolution of the Standing Council.

Article 28 (Research Institute)

① The institute can have an attached research institute to carry out the academic purpose developmentally and promote the industry-university cooperation effectively

② Regulations on the operation of the institute shall be operated separately by resolution of the permanent board of directors.

Chapter 8 Property and Accounting

Article 29 (Property)

The property of the Association refers to real property or movable property and other property related to the purpose of conducting business.

Article 30 (Management of Property)

① When the property of Article 29 is intended to be sold, donated, exchanged or pledged, or the obligation of duty or waiver of the right shall be resolved by the executive board of directors.

② The maintenance, preservation and other management of property shall be as prescribed by the Standing Council.

Article 31 (Finance and Imported Use)

① The finance of the society shall be covered by the next income.

1. Enrollment Fee and Dues

2. Academic research service fee income

3. Revenue of publications

4. Donations and donations

5. Other Income

② The Association shall use the income for the purpose of the public interest of Article 2.

Article 32 (Dues Development and Collection)

The method of devising and collecting dues shall be as prescribed by the Standing Council.

Article 33 (Fiscal Year)

The fiscal year of the Association shall be from January 1 to the end of December of each year.

Article 34 (Budget)

The President shall complete the following documents and obtain the approval of the General Assembly:

1. Business plan

2. Budget Statement

Article 35 (Settlement)

① The chairman shall obtain the approval of the General Assembly by filling out the following documents attached with the opinions of the Auditor.

1. Business Report

2. Income statement

3. Statement of Retained Earnings Disposition

② In order to raise the property of the society, more than 10% of the surplus reserves shall be accumulated every year.

③ Members' membership fees, dues, donations and other income, annual donation fundraising and utilization results shall be disclosed on the Internet homepage (www.apecstudies.com) operated by the Association within 3 months after the end of the business year.

Chapter 9 Awards and Discipline

Article 36 (Award)

There may be a significant merit in the development of the society or a person who contributed to the project may be rewarded as the decision of the permanent board of directors.

Article 37 (Discipline)

Any person who has violated Acts 2 and 6 of the Association may be disciplined as a resolution of the Executive Board.

Chapter 10 Changes In Association

Article 38 (Amendment of Articles of Incorporation)

The President shall propose changes to the Articles of Incorporation to the General Assembly in the following cases:

① When it is demanded as decision of the board of directors.

② When a majority of the members of the General Assembly meet in writing and in writing.

③ The amendment of the Articles of Incorporation shall be approved by the Minister of the Prime Minister after a majority of the members of the general meeting attend the meeting at a general meeting where a majority of the members of the general meeting are present.

CHAPTER 11 Dissolution

Article 39 (Dissolution)

In order to dissolve the Association, the General Assembly must convene and obtain permission from the minister of ministry through a resolution of ⅔ of the members of the general meeting.

Article 40 (Treatment of Property at the Time of Disposal)

At the time of the dissolution of the Association, property owned by the Association shall belong to the national, local government or any other nonprofit corporation having similar purposes to this association, except as otherwise provided by the General Assembly.

Chapter 12 Supplement

Article 41 (Enforcement Rules and Regulations)

The bylaws and regulations required for the implementation of the Articles of Incorporation for business promotion, operation and execution of the Association shall be separately enacted as a resolution of the Standing Council.

Article 42 (Applicable)

① Before the enactment of this Articles of Incorporation, all matters related to the academic work shall be deemed to have been done by the provisions of this Bylaws.

② Matters not provided for in the articles of incorporation shall be subject to the approval of the Civil Act and the General Assembly.

Supplementary provision

Article 1 (Effective Date)

This Articles of Incorporation shall enter into force on the date of approval of the Minister of State through the resolution of the General Assembly.