Articles
 

The Danish Society of Financial Analysts
 

Copenhagen, June 2005

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§ 1 ____________________________________________________________________________________

The name of the Society is The Danish Society of Financial Analysts.                                  

The aim of the Society is to act a professional forum on the highest international level for professionals within finance and investment.

 

This aim is to be carried out by

• offering members the possibility of maintaining and further develop their professional competences
 

• establishing a forum and an inspiring environment for a professional and social network among the members 

• promoting contact between the Society's members and listed companies and the international financial environment

• promoting a high ethical standard among the Society's members.
 

Part 1

Members of the Society may be:

Part 2

The Board of Directors decides if a person is to be admitted as a member. The decision of the Board is final.

 

Part 3 

The Board may expel a member
 

• who has failed to pay the membership fee within 6 months after the due date,

• whose estate is undergoing bankruptcy proceedings,

• who according to the Board is unfit to continue as a member of the Society. 

Part 1

The highest authority of the Society is the general assembly.

Part 2

It is the duty of the Board to summon the general assembly in writing with minimum three weeks notice. The summons must include an agenda. It must appear from the summons in case any proprosals, whose outcome demands a qualified majority, have been received.

Part 3

The ordinary general assembly is to be held every year before the end of June.

Part 4

Proposals from the members have to be submitted to the Board no later than 14 days prior to the general assembly, if they are to be discussed at the general assembly.

 

1. Election of a chairman
2. The Board reports on the Society's activities during the passed year 
3. The treasurer presents the audited accounts 
4. Proceeding on proposals received, if any 
5. Election of board members 
6. Election of minimum one auditor
7. Presentation of budget and laying down the subscribtion for the following accounting year.

Part 6 

Part 1

The Society is administered by a Board consisting of 5-7 members, who are elected by the general assembly for one year at a time. The entire Board resigns annually at the ordinary general assembly. Resigning members may be re-elected.

Part 2

The Board appoints a chairman, a secretary, and a treasurer from its members.

Part 3

If any vacancies occur during the year, the Board is entitled to appoint a substitute until the following ordinary general assembly.

Part 4

The Board is legally competent to transact business whenever the minimum of three members are present. Resolutions may be passed by ordinary majority. In case of parity of votes, the chairman has the casting vote.

 

The Society's financial year is the calendar year.
 

The articles may be altered by the general assembly with a majority of 2/3 of the members present.
 

The Board is entitled to employ paid assistance for secretarial duties.