8. BOARD OF DIRECTORS

8.1 The Board of Directors is the governing and the executive body of the Association and possesses unlimited capacity in representation and management of the activities of the Association. The Board of Directors shall report to the Ordinary General Assembly on the activities and other important issues concerning the Association.

8.2 The Board of Directors consists of 9 full and 8 alternate members, elected by the Ordinary General Assembly by secret ballot for a term of two year.

The office term of members of the Board of Directors will commence on the first day following the Ordinary General Assembly. During the first meeting of the Board of Directors to take place after the appointments during the Ordinary General Assembly, the appointed persons will allocate tasks among them, appointing a Chairman, a sufficient number of Vice-Chairmen, a treasurer, and other officers as relevant to the purpose and functional areas of the association.

8.3 The Board of Directors shall convene at least on a quarterly basis. Where necessary, the Chairman, or two Vice Chairmen, or 3 members of the Board may call a meeting of the Board of Directors. The minutes of each Board Meeting shall be made available to all the members in Turkish as well as in English.

Information pertaining to the meetings and activities conducted by the members of the Board of Directors in the name of the Association shall be accessible by all members.

The Board of Directors shall be called in writing at least one week prior to the meeting date.

8.4 The Board of Directors will adopted decisions by simple majority vote unless provided or agreed otherwise.

8.5 The Board of Directors may form or dissolve an “Executive Committee” or appoint/revoke any subcommittees within the Association for the purpose of conducting the activities of the Association.

The Board of Directors shall decide if, when and how to employ or dismiss employees

8.6. Vacancies on the Board of Directors

8.6.1 A seat on the Board of Directors may become vacant due to the following reasons:

• Death of a member of the Board of Directors,
• Resignation of a member of the Board of Directors (by a written notice to the Chairman),
• in the event the company represented by the member ceases to be a legal entity.

8.6.2 Any member of the Board of Directors will be regarded as dismissed, who fails to attend three consecutive meetings without any admissible excuse. The Board may in such cases take a final decision to declare a vacant seat by a three-fourths majority vote.

8.6.3 Vacant seats on the Board of Directors shall be filled by the alternate member who had received the highest number of votes during the General Assembly. In the event alternate members having equal number of votes, a lot shall be drawn.

8.7 The Board of Directors may also nominate individuals for Honorary Membership during the General Assembly.

8.8 Names, addresses and other information related to the Board Members shall be notified in writing to the highest-ranking local authority in the district (where the Association's Head Office is located) within thirty days of their appointment by the General Assembly.

8.9 The Board of Directors may maintain a staff of experts, consultants or permanent employees.

8.10 Preparing the budget and working program for the next term and submitting the same to the General Assembly for ratification,

8.11 Preparing the Activity and Account Reports for the preceding term and submitting the same to the General Assembly,

8.12 Upon being authorized by the General Assembly, making transfers between budget chapters, where required,

8.13 Keeping the books required by the Laws and this Charter, or having them kept by officers of the Association under its supervision,

8.14 Delegating members or non-members of the Association, where necessary, to follow up on and to execute certain tasks,

8.15 Oversee purchase, sale, renting out or renting of properties in line with the objective and duties of the Association upon being authorized to do so by the General Assembly.