Article 22 Adoption of Resolutions by the Board of Directors

Unless otherwise stipulated in the Charter and relevant rules and regulations, any resolution of the Board of Directors shall require approval by a simple majority of the members present at a meeting of the Board of Directors, and come into effect thereupon. Each member of the Board has one vote. The Board of Directors reserves the right to pass resolutions on urgent and important matters in a non-meeting pattern.

Article 23 Responsibilities of the Chair of the Board of Directors

The responsibilities of the Chair shall be as follows:

1. To oversee of the activities of BFA;

2. To preside over the meetings of the Board of Directors and the GMM;

3. To oversee the development and formulation of short and long term plans and programs in pursuit of the objectives and the promotion of BFA interests;

4. To sign on behalf of BFA, any correspondence, messages and letters which are non-contractual, non-binding and non-executive in nature as authorized by the Board of Directors;

5. To report to the GMM on the activities of the Board of Directors; and

6. To perform other functions as designated by the Board of Directors.

Article 24 Responsibilities of the Vice Chair of the Board of Directors

1. To assist the Chair in fulfilling his/her duty;

2. To perform the responsibilities of the Chair when the latter is unable to carry out his/her official duties;

3. To perform other functions as designated by the Board of Directors.

Article 25 The Secretariat

The Secretariat shall be the standing executive body of BFA. Its responsibilities are as follows:

1. To prepare and organize all BFA meetings;

2. To implement all the resolutions of the GMM and the Board of Directors;

3. To prepare BFA annual reports and annual budgets to be submitted to the Board of Directors for review;

4. To raise and manage funds for BFA;

5. To draft or revise the rules and regulations of BFA to be submitted to the Board of Directors for approval;

6. To manage membership application and withdrawal, and other daily membership operations and services;

7. To provide assistance to Research and Training Institute (RTI) to perform its functions as stipulated in Article 29;

8. To implement other responsibilities which may be designated by the Board of Directors; and

9. To assist the Chair in discharging his/her duties.