By-laws of the trust

By-laws for Insamlingsstiftelsen St Catherine Sweden
[This is an unofficial translation, only the Swedish version of these by-laws is legally binding for the trust]

Name and residence
The trust name shall be Insamlingsstiftelsen St Catherine Sweden, trade name St Catherine Sweden. The trust shall have its residence in Stockholm, Sweden.

2 § Purpose of the trust
The trust shall, through fund raising, sales and other activities generate wealth in order to fulfil the purpose of the trust.

3 § Management of the trust
The wealth of the trust shall be managed by the board of trustees according to purpose of the trust as formulated in the trust’s deed. At least three fourths of the trust’s wealth shall, within three years have been used in order to fulfil the purpose of the trust.

4 § Board of trustees
The board of trustees have the right to authorise two members of the board of trustees to jointly act in behalf of the trust, and to authorise the chairman of the board to act in behalf of the trust alone.

5 § The board of trustees

a) The board of trustees shall have at least 4, at most 7 members. There may be up to 3 alternate members of the board.

b) The board will appoint members of the board of trustees. Such appointment shall be decided by a qualified number of the board members. If the board cannot come to an agreement, the overseeing authority may appoint members of the board.

c) Members of the board may be appointed for a period up to three years. A member can be reappointed at the end of his or her term.

d) The board of trustees shall elect one of its members as chairman of the board, and one of its members as vice chairman of the board.

e) The chairman, vice chairman, or another member of the board, may call upon a meeting of the board.

f) A call for a meeting may be carried out through any forms of communication

g) The board shall have at least four meetings per year.

h) The board’s decision shall, if nothing else has been prescribed in these by-laws, be confirmed by a majority vote of the board’s members. If the board is tied, the chairman, or if he or she is not present at the meeting, the vice-chairman, may decide the vote.

i) At least three of the board members has to be present at the meeting for the board to have the competence to act. Furthermore, either the chairman or the vice-chairman has to be present at the meeting for the board to have the competence to act.

j) Decisions made by previous authorisation from the board, shall be notified to the board at the next following board meeting. If necessary, a board meeting shall be called upon within three months after the decision in order to enable such duly notification.

k) Members of the board of trustees may not receive any compensation in connection to the appointment from the board.

l) Without prejudice of what is said in paragraph k, reimbursement for direct and verified costs in connection with the work within the board may be awarded to board members.

m) The board may unanimously decide to change, add or annul provisions in the by-laws.

6 § Fiscal year
The fiscal year of the trust shall be the calendar year. At the instigation of the trust, the fiscal year shall run from November 2013 to December 2014.
The board of trustees may decide to change the fiscal year if there are apparent reasons for such change.

7 § Auditing

a) The board shall have one qualified accountant. The accountant is appointed by the board of trustees. The board may appoint an alternate accountant, this accountant shall be a qualified accountant.

b) The board shall before the March 1, submit an administration report, and the account books to the accountant of the trust.

c) The accountant, or alternate accountant will be appointed until dismissed by the board of trustees if the board of trustees have not appointed he or she on a fixed term.

8 § Dissolution
The board of trustees may unanimously decide upon the dissolution of the trust according to at the time applicable regulations.