Foundation Articles of Association are essential governing documents required when establishing a foundation in Singapore. They outline the foundation's objectives, operational structure, and governance mechanisms, ensuring compliance with Singapore's Companies Act and related regulations. These articles serve as the foundation's constitution, defining everything from member rights to financial controls. They are particularly crucial for organizations seeking charitable status or planning to engage in philanthropic activities within Singapore's legal framework.
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1. Interpretation: Definitions of terms used throughout the articles
2. Foundation Name: Official name and registration details of the foundation
3. Objects: Purpose and objectives of the foundation
4. Powers: Legal powers and capabilities of the foundation
5. Members: Rules regarding membership, if applicable
6. Board of Directors: Composition, appointment, removal, and powers of directors
7. Meetings: Procedures for board and member meetings
8. Financial Matters: Financial management, accounts, and audit requirements
1. Advisory Board: Structure and role of advisory board, used when the foundation requires additional expert guidance
2. Branch Offices: Rules for establishing and managing branch offices, included when the foundation plans to operate in multiple locations
3. Investment Powers: Specific investment policies and restrictions, required when the foundation will manage significant investments
4. Charitable Status: Additional provisions for charitable status, included when operating as a charitable foundation
1. Schedule 1: Initial Members: List of founding members and their details
2. Schedule 2: Initial Directors: List of first directors and their details
3. Schedule 3: Proxy Form: Standard form for proxy voting
4. Schedule 4: Governance Policies: Detailed policies for foundation governance
5. Schedule 5: Investment Guidelines: Detailed investment policies and procedures
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