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Foundation Articles Of Incorporation
"I need Foundation Articles of Incorporation for a Hong Kong-based educational foundation that will provide scholarships to underprivileged students in Asia, aiming to obtain charitable status and planning to commence operations by March 2025."
1. Company Name: States the foundation's name and any restrictions on name changes
2. Registered Office: Specifies the registered office address in Hong Kong
3. Objects: Details the foundation's purposes, aims, and permitted activities
4. Liability of Members: States that member liability is limited and defines the extent of such limitation
5. Capital Structure: Describes the foundation's capital structure, including details of share capital if applicable
6. Board of Directors: Outlines the composition, appointment, removal, and powers of directors
7. Meetings: Details procedures for board meetings and general meetings
8. Voting Rights: Specifies voting procedures and rights of members/directors
9. Financial Matters: Covers financial management, accounts, and audit requirements
10. Amendment Provisions: Procedures for amending the articles
11. Dissolution: Procedures for winding up and distribution of assets
1. Charitable Purposes: Required if the foundation seeks charitable status, detailing specific charitable objectives and activities
2. Advisory Board: Include if the foundation will have an advisory board separate from the board of directors
3. Branch Offices: Include if the foundation plans to establish offices outside Hong Kong
4. Membership Classes: Include if the foundation will have different classes of members with varying rights
5. Investment Powers: Detailed investment guidelines and restrictions, particularly relevant for foundations with significant assets
6. Conflict Resolution: Specific procedures for resolving internal disputes
7. Seal Usage: Rules regarding the company seal if the foundation chooses to have one
1. Initial Directors: List of first directors with their details and consent
2. Initial Members: List of founding members with their details
3. Proxy Form: Standard form for proxy appointments at meetings
4. Reserved Matters: List of decisions requiring special approval
5. Asset Schedule: Initial assets or contributions to the foundation
6. Governance Procedures: Detailed procedures for specific governance matters
7. Conflict of Interest Policy: Detailed policy for handling conflicts of interest
Authors
Non-Profit
Charitable Organizations
Education
Healthcare
Social Services
Religious Organizations
Arts and Culture
Environmental Conservation
Social Enterprise
Research and Development
Philanthropy
Community Development
Legal
Compliance
Corporate Governance
Executive Leadership
Board of Directors
Finance
Administration
Corporate Secretariat
Risk Management
Operations
Chief Executive Officer
Executive Director
Board Member
Company Secretary
Legal Counsel
Compliance Officer
Chief Financial Officer
Foundation Director
Governance Manager
Risk Manager
Corporate Secretary
Trustee
Program Director
Operations Director
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