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Articles Of Incorporation Foundation
I need Articles of Incorporation Foundation for a small cultural foundation to be established in Amsterdam by March 2025, with a basic board structure of three members and focused on promoting Dutch contemporary art, including provisions for ANBI status.
1. Name and Seat: Official name of the foundation and its registered municipality in the Netherlands
2. Purpose and Objective: Detailed description of the foundation's goals and activities, ensuring they are specific enough for legal requirements but flexible enough for future operations
3. Financial Resources: Description of how the foundation will obtain its funds and assets
4. Board Composition: Structure of the board, number of board members, and appointment procedures
5. Board Duties and Powers: Detailed description of board responsibilities, decision-making processes, and authority limits
6. Board Meetings: Procedures for convening meetings, voting, and decision-making processes
7. Representation: Who may represent the foundation and under what circumstances
8. Financial Year and Reporting: Definition of the financial year and requirements for financial reporting
9. Amendment of Articles: Procedures for amending the articles of incorporation
10. Dissolution and Liquidation: Procedures for dissolution and distribution of remaining assets
1. Supervisory Board: Required when implementing a two-tier board structure, detailing the composition and powers of the supervisory board
2. Advisory Council: Optional section for foundations wanting to establish an advisory body without formal powers
3. ANBI Requirements: Required when the foundation seeks or maintains ANBI (public benefit) status, including specific provisions about asset distribution and administrative requirements
4. Committees: Framework for establishing and operating committees within the foundation
5. Conflict of Interest Policy: Detailed procedures for handling conflicts of interest, beyond the basic WBTR requirements
6. Privacy and Data Protection: Specific provisions regarding GDPR compliance and data protection procedures
7. Remuneration Policy: Required when board members or employees receive compensation, especially important for ANBI status
1. Initial Board Members: List of first appointed board members with their details
2. Detailed Activities: Comprehensive list of activities the foundation plans to undertake to achieve its objectives
3. Internal Regulations: Detailed operational procedures and policies that may need regular updating
4. Financial Guidelines: Specific procedures for financial management and control
5. Governance Code: If adopted, the specific governance code the foundation commits to follow
Authors
Board (Bestuur)
Written/In Writing (Schriftelijk)
Articles (Statuten)
Supervisory Board (Raad van Toezicht)
Financial Year (Boekjaar)
Annual Accounts (Jaarrekening)
Annual Report (Jaarverslag)
Board Meeting (Bestuursvergadering)
Resolution (Besluit)
Simple Majority (Gewone Meerderheid)
Absolute Majority (Volstrekte Meerderheid)
Qualified Majority (Gekwalificeerde Meerderheid)
Founder(s) (Oprichter(s))
Registered Office (Statutaire Zetel)
Purpose (Doel)
Assets (Vermogen)
Director (Bestuurder)
Advisory Council (Raad van Advies)
Dissolution (Ontbinding)
Liquidation (Vereffening)
Conflict of Interest (Tegenstrijdig Belang)
Commercial Register (Handelsregister)
ANBI Status
Ultimate Beneficial Owner (UBO)
Official Seat (Vestigingsplaats)
Internal Regulations (Huishoudelijk Reglement)
Electronic Means (Elektronische Middelen)
Quorum
Power of Attorney (Volmacht)
Registered Office
Purpose and Objectives
Financial Resources
Board Composition
Appointment and Dismissal
Board Powers
Board Meetings
Decision Making
Representation Authority
Conflict of Interest
Financial Administration
Financial Year
Record Keeping
Board Remuneration
Supervisory Board
Advisory Council
Committees
Amendment of Articles
Dissolution and Liquidation
Asset Distribution
Voting Rights
Electronic Participation
Internal Regulations
Transitional Provisions
Non-profit
Education
Healthcare
Arts and Culture
Social Services
Environmental Conservation
Scientific Research
Religious Organizations
International Aid
Sports and Recreation
Heritage Preservation
Community Development
Legal
Compliance
Corporate Governance
Executive Leadership
Board Secretariat
Risk Management
Administrative
Corporate Affairs
Regulatory Affairs
Chief Executive Officer
Board Member
Foundation Director
Legal Counsel
Compliance Officer
Company Secretary
Governance Officer
Executive Director
Board Secretary
General Counsel
Non-profit Manager
Program Director
Foundation Administrator
Risk Manager
Corporate Governance Specialist
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