Institute's Rules of Association -
Rule 1 - Introduction
1 INTRODUCTION
1.1
Name
The name of the Association
is INSTITUTE OF VALUE MANAGEMENT, AUSTRALIA INCORPORATED hereinafter
referred to as “the Institute”, a non-profit organisation
incorporated under the Australian Capital Territory Associations
Incorporation Ordinance 1953.
1.2 Rules of Association
These are the Institute’s
only Rules of Association. The
Rules of Association may be altered and/or rescinded upon the vote of a
majority of members eligible to vote taken at a General Meeting.
A committee of members will
be formed for the purpose of implementing the wishes of the membership
with respect to the alteration, rescission or amendment to the Rules.
The committee so formed is
required to present such changes of the Rules for approval by the Board of
Management prior to the changes taking effect.
The Public Officer is to
ensure that the amended Rules of Association are lodged as required with
relevant authorities and a copy circulated to all members.
1.3 Sphere of Activity
The sphere of activity is in
every State of the Commonwealth of Australia and internationally wherever
Value Management systems are actively used in projects, products,
processes and management applications.
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