About CIBC

The governing bodies of the Croatian-Israeli Business Club are:

• Honorary President
• President
• General Secretary
• Executive Committee
• Assembly
• Advisory Boards (Croatian and Israeli)

Executive Commitee is made of: the President, the Secretary of the Club and Executive Club members. The President of the Club is also the President of the Executive Committee. The President assembles, presides and steers the sessions of the Executive Commitee.

Assembly is the highest governing body of the Club. It consists of all the regular members of the Club. Honorary members are allowed to take part in the Assembly’s sessions, but are not allowed to vote.

Advisory Board advises the Executive Commitee. It meets at least once a year to discuss the strategic directives of the Club’s work.

• Enhancement and promotion of business relations between Croatia and Israel
• Assistance in locating suitable business counterparts both in Croatia and Israel
• Facilitation of business negotiations with key business and government leaders in Croatia and Israel
• Networking opportunites with decision makers in Croatia and Israel
• Matchmaking of counterparts for investments joint ventures and trade relations

Pursuant to Article 11 of the Law of Associations (Official Gazette of the Republic of Croatia 88/01 and 11/02) Constituent Assembly of the Croatian-Israeli Business Club held on June 10, 2010 in Zagreb has issued the

STATUTE OF THE CROATIAN-ISRAELI BUSINESS CLUB

1. GENERAL PROVISIONS

Article 1

The purpose of this Statute is to regulate the provisions such as the name and the seat of the Club; main scope of interests and activities; the objectives and activities for the realization of the objectives; realization of public transparency of the actions; membership and membership dues; member’s rights, obligations and responsibility of members; the organization structure and its bodies; election of body officials; powers, decision making, conditions and methods of election and recall, the duration of the mandate and responsibilities of members; assets and disposal of possible profit; means of property acquisition; liquidation of the Club and assets management in the case of termination of the Club.

Article 2

Croatian-Israeli Business Club (hereinafter called the Club) a non-profit legal entity, registered in the register of Clubs at the Municipal Office for General Administration of the City of Zagreb.

Article 3

The Club is active in the Republic of Croatia.

Article 4

• Croatian language title is “Hrvatsko-izraelski poslovni klub” (Croatian-israeli Business Club).
• A English translation of the name may also be used: Croatian-Israeli Business Club.
• The abbreviated name of the Club in the Croatian language: HIPK.
• The abbreviated name of the Club in the English language: CIBC.
• The seat of the Club is in Zagreb, Trg Johna Kennedyja 6b.

2. SIGN AND SEAL

Article 5

The seal of the Club is rectangular in shape. There are a smaller rectangular shaped formation, a stylized Star of David and title of the Club “CROATIAN-ISRAELI BUSINESS CLUB” within the outer rectangle.It is also the sign of the Club.

3. OBJECTIVES AND SCOPE OF THE ACTIVITIES

Article 6

The objectives of the Club are:

• Promoting and improving economic , industrial, cultural, science and other cooperation between Croatia and Israel,
• Encouraging the development of entrepreneurship and entrepreneurial initiatives between the two countries,
• Contribution to the development of democracy and tolerance.

Article 7

In order to achieve the objectives put forth in Article 6 the Club shall perform the following activities:

• Assemble members willing to support, promote and preserve good existing business relationships while creating new relationships concerning the forthcoming accession of Croatia to the European Union
• Organizing joint meetings of businessmen of both Croatian and Israeli residence in order to promote business relations and exchange of experience in acquiring new business prospects worldwide
• Organizing conferences, seminars, lectures and meetings with the specific purpose of promoting international economic, industrial, cultural, scientific and other means of cooperation or relation between the two nations
• Organization of cultural, culinary, music, humanitarian and other events
• Meet the members’ demand for opportunities for education and information exchange by organizing business forums, seminars and conferences
• Cooperation with similar international and national NGOs, business Clubs and other organizations
• Publishing a periodical in the Club’s field of interest in accordance with special regulations.

Article 8

The Club’s activities are based on following principles: respect for the diversity of attitudes, thoughts and ideas, freedom of choice, independence in organization’s activities, openness to the general public and responsibility of individuals and organization in their actions.

4. MEMBERSHIP

Article 9

• Membership in the Club is voluntary.
• Every natural or legal person with legal capacity accepting the statute and the objectives of the Club can become a member.
• The president of the Club is responsible for admittance of the members.
• Legal person’s membership status is exercised through an authorized representative.
• A member shall be admitted regardless of its national, sexual, racial, social or religious affiliation.

Article 10

A membership status is exercised in one of the following types of membership:

• Regular
• Executive
• Honorary

Article 11.

Regular and Executive members apply for membership by filling out the application form and submitting it to the Club.

Honorary members of the Club are appointed by the President.

The application form is defined by an separate decision of the President.

Article 12

A regular member of the Club may be any natural or legal person paying their membership dues and actively participating in the work of the Club.

Applicant for regular membership is required to fill out correctly the application form and the application has to be approved by President’s decision.

Article 13

A member receives status of a executive member after they have supported the activities of the society, taken part in projects and regularly attended Club meetings.

A membership status is promoted to executive membership after a member has presented the evidence of its activities in the Club to the President and filled out the application form.

Executive status of a member is granted by a decision of the President.

The President is obliged to review each request for an executive membership status of the Club within 30 days after receipt of the application.

Article 14

Any natural or legal persons who have achieved outstanding accomplishments in line with the objectives of the Club may be appointed honorary membership status. A honorary member status is granted by a president decision pursuant to recommendation made by Advisory Board.

Article 15

The founding members of the Club are also executive members.

Article 16

A membership card is issued for each member. The appearance, content and issue of membership cards are defined by an separate decision of the President.

Regular and Executive members pay annual membership dues in an amount determined by the President of the Club.

Article 17

The rights and obligations of the Club members are:

• Taking part in activities of the Club;
• To elect and to be elected to the bodies of the Club (applied to executive members only);
• Request assistance in exercising their rights where their rights fall within scope of Club’s activities;
• Monitor and review the work of the Club;
• Act in a way which ensures protection of interests, dignity and property of the Club;
• Pay membership dues.

Article 18

Membership in the Club shall cease:

a) For regular and executive members:

• In case of their voluntary resignation from the Club;
• In case of irregular membership dues payment;
• Expulsion for the Club should the member infringe the Statute or does not carry out their obligations to the Club;
• By death.

b) For honorary members:

• In case of their voluntary resignation from the Club;
• Expulsion for the Club should the member infringe the Statute or does not carry out their obligations to the Club;
• By death.

The President reaches the decision in cases of expulsion.

Member of the Club who was expelled from the Club by a President’s decision may, within 15 days, counting from the date of the receipt of a copy of the decision, appeal to Assembly of the Club in order to object to the particular act of expulsion and the Assembly of the Club shall discuss the appeal and reach a final decision.

5. STRUCTURE

Article 19

The Club is represented by the President. The officials accredited for legal representation are the President and the Secretary.

Article 20

President can form Committees, Project teams and other bodies within the Club. Should the Club intend to enter Club with other societies, it has to be approved by the Aseembly.

Article 21

Committees, Project teams and other bodies within the Club may act freely in accordance with this Statute and the by-laws regulating their work.

Article 22

The bodies of the Club are:

• Assembly
• The President
• The Secretary
• Advisory Board

5.1. Assembly:

Article 23

Assembly is the highest governing body of the Club.

Executive members form The Assembly.

Each member of the Assembly is entitled to one vote.

Article 24

Assembly sessions may be regular (annual), elective and extraordinary.

Regular session of the Assembly will be held at least once a year, whereas the elective session of the Assembly shall be held once in every four years.

Sessions of the Assembly are independently convened by the President.

Meeting agenda and place and time of the session are part of the decision of the Assembly session. The Secretary shall dispatch the written invitations to every executive member not later than seven days prior to the session.

The President shall also convene a session of the Assembly when it is requested by at least one third of the members of the Assembly. Such a request must include the proposed agenda.

If the President fails to convene a session of the Assembly within 15 days of receipt of the request in paragraph 4 this Article shall be convened by the applicant (the decision should include a draft agenda, date and place of the meeting).

Article 25

The Assembly session is presided by the President. If the President is not present, the session will be presided by the Secretary of the Club.

If both the President and the Secretary are not present on the Assembly, the decisions of the assembly shall be verified by the person elected by the Assembly itself.

Minutes of the sessions are permanently archived in the archive of the Club.

Article 26

The decisions of the assembly are valid if they are voted for in a session with more than half of all the executive members are present.

If less than half of the executive members are present in a session of the Assembly, the President shall convene another session not later than 7 days after the first session. The next session will be able to reach valid decisions if at least three executive members take part in it.

The Assembly makes decisions by a majority vote of members present.

The Statute and its amendments can be altered by two-thirds of total present votes in a session. The decision on terminating the Club can be reached by two-thirds of the total votes of members of the Assembly.

Decisions are reached usually by open ballot, but they can also be reached by secret ballot in extraordinary situations.

Assembly sessions are closed to the public.

Article 27

The Assembly has the following responsibilities:

• Passing and amending the Statute;
• Review and approve the financial plan and balance sheet;
• Passes its own Rules of Procedure;
• Passing and amending the Plan;
• Passes other documents and decisions relevant to the work of the Club;
• Elects and relives the President and the Secretary of their duties
• Decides on appeals against decisions of President and the Secretary
• Decides on merging with other Clubs and Associations;
• Discuss and approve Club activities report;
• Provides general direction for the activities of the Club;
• Perform other duties specified by law or by Statute.
• Decides on the termination of the Club;

The Assembly can dismiss the President and Secretary before the expiration of their term if they do not perform their duties.

5.3. The President and the Secretary of the Club

Article 28

The President can be nominated from executive members, and is elected by the Assembly. The mandate of the President of the Club shall be four years and they can be re-elected.

The President:

• Represents the Club;
• Reports decision proposals and drafts to the Assembly;
• Opens the discussion on certain issues within the competence of the Assembly;
• Takes care of informing the public on the work of the Assembly and its bodies;
• Presides the sessions of the Assembly and performs other duties determined by this Statute and other by-laws of the Club;
• Appoints and relives of duty the Advisory Board;
• Is responsible for the legality of the activities of the Club;
• Reports to the Assembly.

President of the Club reports his work to the Assembly.

The Secretary also performs deputy President duties. In case of President’s resignation or his permanent incapacity, the Assembly will elect a new president of the Club on the first successive session.

Article 29

Secretary of the Club is elected by the Assembly out of executive members. The Secretary is proposed on the proposal of the President of the Club. The mandate of the Secretary of the Club shall be four years and they can be re-elected.

The Secretary:

• Represents the Club;
• Takes and prepares minutes of sessions of the Assembly;
• Performs administrative tasks;
• Performs financial and asset management related activities of the Club;
• Keeps membership records and collects membership dues;
• Keeps archives of the Club;
• Performs other tasks assigned by the President.

Article 30

The Advisory Board advises the President of the Club. It meets as needed on the initiative of the President of the Club or on its own initiative to discuss the strategic directions of the Club.
The Advisory Board is appointed by the President of the Club for a term of four years and the same person may be reappointed. The Advisory Board submits proposal for honorary members appointments to the President.

6. FINANCIAL OPERATIONS AND ASSET MANAGEMENT

Article 31

Activities of the Club shall be financed by:

• Membership dues and member contributions
• Purpose-restricted financial means for designated projects received form government agencies and other organizations;
• Revenues yielded by own activities provided by Law
• Gifts, donations, contributions, etc.;
• From other sources permitted by Law.

Article 32

The Assets of the Club are managed in accordance to applicable regulations.

Article 33

Financial management ensures Club’s long-term financial stability.

Long-term assets as well as ad-hoc created funds are created from sources mentioned in Article 31.

Article 34

Assets of the Club consists of cash, fixed assets, tangibles such as equipment and other inventory and bibliographic and archived material.

Assets of the Club is primarily used for the achievement of program objectives as well as for the regular operations of the Club.

Article 35

The President of the Club is allowed to regulate the procedures of financial and asset management in more detail by a special rule book.

7. PUBLIC NATURE OF THE ACTIVITIES

Article 36

The activities of the Club are open to general public.

The openness to the general public is achieved by:

• Timely and accurate reporting in writing on activities and tasks performed by members of the Club
• Organized conferences and other means of public communication;
• Through the media;
• Periodic bulletins, newsletters, magazines and the similar;
• Through the Internet.

8. TERMINATION OF THE CLUB

Article 37

The Club will cease to exist when so decided by the decision of the Assembly or in other cases provided by law.

If the Club shall be terminated on the basis of decision of the Assembly, such a decision must be voted by a two thirds majority vote of all members of the Assembly. The Assembly will simultaneously take decision the Club’s assets.

Article 38

The President or the Secretary of the Club are obliged to apply to authority competent for deletion of the Club from the Register.

9. FINAL PROVISIONS

Article 39

The Statute and its amendments are decided upon by two thirds of the total members of the Assembly provided that it has been previously discussed.

Article 40

The Assembly interpretation of this Statute is final.

Article 41

This Statute shall enter into force upon adoption by the Assembly of the Club.

In Zagreb, June 10, 2010

The President:

Prof. Dragan Primorac, M.D., Ph.D.