Association Board

REGULATION

On the Board of the Marketing Association of Uzbekistan

These Regulations define the status, functions and powers of the Board of the Marketing Association of Uzbekistan (hereinafter referred to as the Association), the procedure for electing and terminating the powers of its members, as well as the procedure for interaction with other structural divisions of the Association.

1. General Provisions

1.1. The Board of the Association is a permanent collegial executive body of the Association and is formed from among the chairmen of the committees of the Association in the amount of
7 (seven) people. Each member of the Board of the Association has one vote during voting.

1.2. The Association Board is accountable to the General Meeting of the Association's partners (hereinafter referred to as the General Meeting) and is guided in its activities by the current legislation of the Republic of Uzbekistan, the Association Charter, decisions of the General Meeting and its own decisions.

1.3. The decisions of the Association Board on all issues are taken by a simple majority of votes of the members of the Association Board present at the meeting. In the event of a tie, the vote of the Chairman of the Association Board is decisive.

1.4. The meetings of the Association Board are considered competent if more than half of the members of the Association Board are present.

2. Powers of the Association Board

2.1. The powers of the Association's Board of Directors include the resolution of the following issues:

1) development and preparation of long-term and annual activity plans, the Association program, reports on their implementation;

2) organization of the Association's work and monitoring the implementation of decisions of the Association's Board of Directors;

3) making decisions on the disposal of the Association's property;

4) approval of the Association's financial plan and amendments thereto;

5) approval of the terms of the employment contract with the Chairman of the Board of Directors;

6) hearing and approval of the Chairman's reports;

7) making decisions on the creation of printed and other information organs of the Association.

3. Formation of the Association's Board of Directors

3.1. The Association's Board of Directors shall consist of the Chairmen of the Association's committees.

3.2. The term of office of a member of the Association's Board of Directors is one year from the date of his election as the Chairman of the Committee.

4. Rights and Obligations of Members of the Association's Board of Directors

4.1. A member of the Association's Board of Directors has the following rights:

4.1.1. To participate in meetings of the Board of Directors;

4.1.2. To approve programs and events of the Association;

4.1.2. To participate in the discussion of organizational issues submitted to the meeting of the Association's Board of Directors.

4.1.3. To participate in voting on the agenda items of the meeting of the Association's Board of Directors.

4.1.4. To request and receive from the management bodies of the Association any information about their activities.

4.2. A member of the Association's Board of Directors is obliged to:

4.2.1. Participate in meetings of the Association Board in person;

4.2.2. Implement decisions of the Association Board.

4.3. Members of the Board are responsible to the Association partners for planning and managing the activities of the Association.

5. Early termination of powers of a member of the Association Board

5.1. The powers of a member of the Association's Management Board shall be terminated early:

5.1.1. By decision of the Chairman of the Management Board;

5.1.2. At the request of the member of the Association's Management Board.

5.2. The powers of a member of the Association's Management Board may be suspended by a decision of the Association's Management Board on the following grounds:

5.2.1. Due to a member of the Association's Management Board's violation of the requirements of the Charter, systematic evasion of attendance at meetings of the Association's Management Board and failure to comply with ethical standards of conduct, as well as on other grounds stipulated by the Association's internal documents.

5.2.2. In the event that any member of the Association's Management Board is unable to fulfill his or her duties before the end of the term of office of the Association's Management Board (long-term, more than six months, illness, etc.).

5.3. The decision of the Association Board to suspend the powers of a member of the Board shall be taken by a qualified majority of 2/3 of the votes of the members of the Association Board present at the meeting.

5.4. A member of the Association Board must be notified in writing of the upcoming meeting of the Board at which the issue of suspending his powers will be considered.

5.5. A member of the Association Board whose powers have been suspended shall not have the right

to participate in voting when the Association Board makes decisions.

5.6. A member of the Association Board may submit an application to the Association Board for early termination of his powers at his own request.

6. Procedure for convening the Association Board

6.1. The Association Board shall meet as necessary, but not less than twice during a calendar year.

6.2. Meetings of the Board are convened by the Chairman of the Board of the Association on his own initiative, at the request of at least 2 members of the Board of the Association.

6.3. A meeting of the Board of the Association is convened by the Chairman no later than 5 calendar days from the date of receipt of the corresponding written request from the above persons, which must contain the wording of the issues proposed for discussion at the meeting of the Board of the Association and the reasons for raising them.

6.4. Members of the Board are notified by the Chairman of the Board of the Association of the place, date, time of the meeting of the Board and the preliminary agenda of the meeting no later than 2 calendar days before the date of the convened meeting of the Board of the Association.

6.5. A member of the Board who is unable to participate in a meeting of the Board in person is obliged to notify the President of the Association of his absence in advance.

6.6. The quorum for holding a meeting of the Board is the participation of more than half of the elected members of the Association's Board.

6.7. Meetings of the Board are held in the form of joint presence of the members of the Association's Board; it is also possible to hold meetings in other forms, by decision of the Board or the Chairman of the Association's Board.

7. Procedure for holding meetings of the Association's Board

7.1. As a general rule, the Chairman of the Association's Board presides over a meeting of the Board. In the absence of the Chairman of the Association's Board at a meeting, one of the Association's partners is elected as the Chairman.

7.2. The chairperson opens and chairs the meeting of the Board, gives the floor to the participants of the meeting, ensures the order and sequence of speeches on the agenda items, proposes the time limit for speeches and discussions on the agenda items and monitors compliance with the established time limit for speeches (discussions), puts issues to a vote, signs the minutes of the meeting of the Board.

7.3. A secretary of the meeting of the Board is elected to chair the meeting. The secretary provides the chairperson with information on the presence or absence of a quorum for holding the meeting, records the progress of the meeting of the Board, counts the votes during the voting, prepares and signs the minutes of the meeting of the Board.

8. Minutes of meetings of the Board of the Association

8.1. The decisions of the Board are formalized in the minutes of the meeting of the Board of the Association. The minutes are kept by the secretary of the meeting of the Board of the Association, elected by the Board of the Association.

8.2. The minutes of the meeting of the Partnership Board shall indicate:

- the place and time of its holding;

- persons present at the meeting;

- agenda of the meeting;

- issues put to a vote and the results of voting on them;

- decisions taken.

8.3. The minutes of the meetings of the Board shall be transferred for execution to the Chairman of the Board of the Association, who shall ensure their safety.