CONSTITUTION ORDINANCE
The Duchenne Family Foundation
Magnus Ahde has today decided to form a foundation by setting aside 100,000 kroner as a gift. For this foundation, this foundation ordinance shall apply in the first place and in the second place the rules of the Foundations Act, unless the rules of the Foundations Act are mandatory.
§ 1 The foundation's name shall be Stiftelsen Duchenne Familjen .
§ 2 The purpose of the foundation shall be to make contributions to;
- recreation and aids for – as well as care and treatment of – children and young people with the disease Duchenne Muscular Dystrophy.
The foundation's purpose shall be met by the foundation promoting care for children and young people within the framework of its purpose by donating grants in the form of scholarships to affected persons and their relatives, scientific research and care in the Duchenne Muscular Dystrophy disease.
The foundation receives funds mainly in the form of donations from private individuals and companies via the foundation's website or to a bank account.
§ 3 The foundation shall have its seat in the municipality of Enköping and be managed by a board of directors which shall consist of at least three (3) and at most ten (10) members, including the chairman. Initially, the board will consist of Fredrik
Reveman, Patrik Malm and Anders Melin. Fredrik Reveman will be the chairman of the board. The board is appointed for a term of three (3) years. Member can be re-elected.
§ 4 The board is responsible for decisions when the number of members present exceeds half of the total number
board members. Decisions are made by simple majority. The chairman has the casting vote in the event of a tie.
§ 5 The foundation's company is signed, in addition to the board, by two board members in association.
§ 6 The foundation's assets are managed by the board and must be acceptably invested, taking into account both the need for a good dividend yield and the possibility of value appreciation.
§ 7 The foundation's board must meet at least twice a year and at the request of at least one
Board member. Board meetings should be evenly distributed throughout the year. At the first board meeting of the year, the board must constitute itself.
§ 8 Dividends from the fund may be made up to twelve times per year. Timings and announcement procedures are decided by the board. Available for distribution are the previous and previous year's collected funds and returns.
§ 9 The foundation's financial year is a calendar year. The foundation's financial management and accounts must be audited by an authorized auditor. Before April 30 each year, the board must approve the annual report for the previous year.
§ 10 A decision on the dissolution of the foundation requires a unanimous board decision. Upon dissolution of the foundation, its assets must be transferred to an organization whose activities are consistent with the foundation's purposes.
§ 11 Amendments to these statutes require a unanimous board decision.