Article 12 Withdrawal of Membership

1. All members are entitled to withdraw their membership.

2. In the event that a member decides to withdraw from BFA, the member shall deliver written notice to the Secretary-General of BFA at least two months prior to the date of withdrawal. The associated membership shall be considered terminated upon receipt of written confirmation from the BFA Secretariat, informing the member of the acceptance of the member's withdrawal.

3. Upon acceptance of a member's notice of withdrawal, the following terms for refunding membership fees shall apply:

1) After membership confirmation, 30% membership fees shall be non-refundable.

2) The remaining 70% of membership fees shall be refundable according to the time of withdrawal. If a member withdraws in the first year of membership, all of the remaining 70% membership fee shall be refunded. Beginning from the second year of membership, there shall be an annual 1/15 deduction of the remaining 70% membership fee.

Article 13 Termination of Membership

Upon approval by the Board of Directors, the BFA secretariat shall reserve the right to terminate any individual membership based on evidence of a member's involvement in lawbreaking activities, fiduciary neglect or other acts considered harmful or detrimental to BFA, its mission, or partners. The Secretariat also reserves the right to terminate membership for failure on the part of the member to communicate with BFA for a period of more than two years. However such Member shall be entitled to prior notice. The membership fees shall not be refunded.

Chapter Four Organizational Structure, Appointment and Termination of Officials

Article 14 Organization Structure

The main bodies of BFA are as follows:

1. General Meeting of Members;

2. Board of Directors;

3. Secretariat;

4. Research and Training Institute; and

5. Council of Advisors.

Article 15 General Meeting of Members

1. The General Meeting of Members (“the GMM”) is the ultimate authority of BFA. The GMM shall be held once every calendar year. The BFA Secretariat shall be responsible for preparation and arrangements for the GMM. All Members shall be notified in advance concerning the agenda of the GMM.

2. Inability to send notice of the GMM, or, the non-receipt of such notice due to force majeure by any one or more members, or, the absence of one or more members from the GMM shall not adversely affect the proceedings of that meeting, provided the members in attendance constitute a quorum.

3. The GMM shall have the authority to:

(1) Review and adopt the BFA Charter and amendments to the Charter;

(2) Elect Members to the Board of Directors;

(3) Approve the annual report and annual budget submitted by the Secretariat and reviewed by the Board of Directors;

(4) Conduct business in accordance with the meeting agenda;

(5) Consider written motions presented and signed by at least one-fourth of the Full

Members. Motions shall be submitted to the Secretariat at least two weeks prior to the date on which the GMM is to be held.

4. Resolutions of the GMM shall require the approval, by a simple majority, of the Full Members present at the GMM.

5. The Chair of the Board of Directors shall be the Chair of the GMM. In the Chair's absence, the Vice-Chair or any other member of the Board of Directors designated by the Chair may serve as Chair of the GMM. There shall also be a number of Co-Chairs from the Full Members.