Institutions

1. Managing Board

Principles

  • 1 - 3 Members
  • Can appoint a Managing Director
  • Tenure: 5 years, reappointment possible
  • Appointment by Board of Curators

Functions 

  • Management of the Foundation under the guidance of the Board of Curators
  • Decides use of funds
  • Represent Foundation externally

2. Board of Curators

Membership 

  • 3 to 5 permanent members plus a maximum of 3 non-permanent, non-voting members

Appointment

  • Founders, self-appointment possible
  • after their death, by remaining Curators

Tenure

  • 5 year period, maximum of two periods (not applicable to Founders or members of their families)

Membership Principles

  • Representatives of both genders, varying age brackets, different professions, religions, ethnic groups
  • minimum of one Founder or Founders' descendants or spouse

Functions

  • Advice and supervision of Managing Board
  • Guidelines for the implementation of the Foundation's goals
  • Financial and managment control