Chapter 1 General

Section 1

The name of this Institute is {Value Management Institute of Taiwan}

Section 2

This institute is put together as a non-profit organization by law, the goal is to "promote the skills, knowledge and philosophy of Value Management and to build up a well established value management system to train and certify executive value management personal" and produce the biggest value and benefit when the government, private business, organizations or society utilize the institute's resources

Section 3

This institute is one of the organization belonged to the Ministry of Interior. The operation of this institution is regulated by the rules of Ministry of Economic Affairs. Each action and operation will be monitored and directed by the upper managed government bureau.

Section 4

This institute is an organization that operated National wide.

Section 5

The location of this institute is located in the city of where the upper managing government bureau, and with the approval of them, the institute can then form branches. The guideline of setting up a branch will be prepared by the Institute's committee and approved by the Ministry of Interior. When there is a change of locations on the Institute or its branches, it would have to be reported and approved by the government officials.

Section 6

The guideline of this Institute are as followed:

1.Promote knowledge, skills and philosophy of Value Management.

2.Develop a Value Management system to evaluate personals and the executing procedures.

3.Train each levels of executive value management personal, promote projects and endorse certifications.

4.Host and promote Value Management related Workshop.

5.Evaluate products' value and technical procedure and further certified and promote them.

6.Host and promote exhibition and presentation of value management related technology, products, and services.

7.Assist department or bureaus of government, private business, organization to promote value management events, individual training workshop and evaluate values of assigned projects.

8.Combine and introduce related value management information.

9.Assist members to participate in related value management events hosted by domestic or international organizations.

10.Any other value management related events.

Chapter 2 Members

Section 7

Members are categorized as followed:

1.Individual Member: Any one who agrees to the guideline of this Institute and is also interested in the field of value management can fill out the individual membership application. With the approval of the committee and membership fees being paid in full, one can then become an individual member and he or she would be given the right to vote. If an individual member who is also a student and choose to pay student discounted membership fee would not receive the rights or benefits listed on section 8.

2.Group Member: Any group or organization which agree to the guideline of this Institute and are also interested in the field of value management can fill out the group membership application. With the approval of the committee and membership fees being paid in full, they (group or organization) can then become a group member and they would be given similar rights that other members have. A group or an organization should choose 5 people to represent them to vote or receive rights and benefits.

3.Lifetime Member: any one who agrees to the guideline of this Institute and is also interested in the field of value management can fill out the lifetime membership application. With the approval of the committee and lifetime membership fees being paid in full, one can then become a lifetime member and he or she would be given the right to vote perpetually.

4.Sponsor member: Any person, organization, or group that agree to the guideline of this Institute and is also interested in the field of value management and has sponsored or donate funds to the institute can fill out the sponsor membership application. With the approval of the committee they can then become the sponsor member.

5.Honors Member: Any person, organization, or group that agree to the guideline of this Institute and is also interested in the field of value management and has done extraordinary projects can become an Honors Member with the approval of the committee.

Section 8

Member (the representative of members) has ballot, deposition, voting, electing, and the right to be elected. Every member (the representative of members) has one kind of the above mentioned rights; every group member has 5 rights. However, the sponsor member, and honors member does not have any of the above mentioned rights.

Section 9

Member's other rights and obligations:

1.Rights:

A.Members will have the right to participate in any of the events that is hosted by the Institute, or receive discounts when apply value management, products, and related regulation certificates.

B.Members can surf the Institute's professional value management website for free and receive Institute' newsletter with no cost.

C.Members will have the chance to be assigned on suitable duties of value management projects.

2.Obligation:

Members would have to obey to the rules and the guideline of the Institute and pay membership fees on time.

Section 10

Members who violate the laws, regulations or disobey the decisions of the Members Meeting, they will be given warnings and be suspended from benefiting their rights by the approval of the committee. Those who cause serious trouble will be thro.wn out of the Institute by the approval of the member's meeting.

Section 11

Members who does not qualify the requirement or who has not paid membership fees after 3 warnings over a period of three months will be thrown out of the Institute.

Section 12

Members would have to give written notice when renouncing the membership.

Chapter 3 The organization and the staff

Section 13

The members meeting has the highest authority in this Institute. When the number of the members (representative) is over 300, the Institute will divide members into district and then each district will choose their own representative to attend the members meeting. People who have been selecting will have a 3 years term of representing their district. The number of the representative and the way to elect will be determined by the Institute's committee.

Section 14

The purposes of the members meeting are as followed:

1.Correct or make necessary amendment to its guideline.

2.Elect or recall chair of committee or chair of adjudication committee.

3.Determine the first year joining fee, yearly membership fee, business fee and ways to fundraise.

4.Determine the goals of year, plan, report, budget and the closing.

5.Determine the penalty or punishments of members.

6.Determine the distribution of the assets

7.Determine the dissolution of the Institute

8.Determine any events related to members rights and obligations.

The choice of events mentioned on number 8 will be determined by the committee.

Section 15

To operate the Institute, their should be at least 15 chairs of committee, 5 chairs of adjudication committee that are elected by the members (representative). These members will form the committee and the adjudication committee. When electing chairs of committee or adjudication committee, 5 candidates of the chairs of committee should be chosen (depends on the number of the received vote) for reserve. And one candidate of the adjudication committee should be chosen for reserve. When there is a vacancy, reserved candidate will be chosen on the order of highest to lowest vote received. The lists of candidates of chairs of committee and adjudication committee of next term should be suggested at the present meeting of committee. The chairs of committee and adjudication committee can be elected through digital voting (telephone, internet), the instruction for digital voting will be decided by the committee and approved by the upper government bureau officials.

Section 16

The duties and the rights of the committee

1.Verify the qualification of a member (representative) by the Institute by guideline.

2.Elect and recall Members of Managing Board Directors, vice chairman of committee, and chairman of committee.

3.Make decisions on the resignation of the chairs of committee, Members of Managing Board, vice chairman of committee, and chairman of committee.

4.Hire employees for the Institute.

5.Determine the yearly goal, plan, report, budget and closing budget.

6.Discuss details of how to execute and promote value management projects.

7.Supervise the works or projects of the institute.

8.Other related duties and events.

Section 17

The committee will include 5 Managing Board of Directors that are chose within chairs of committee and then among those 5 Managing Board of Directors' one will be chosen as the chairman of the committee, and another one will be chosen as the vice chairman. The chairman of the committee will take responsibilities on interior affairs and represent the Institute when needed. He or she will also be the director of the committees and members meeting. When the chairman has other tasks that he can not perform duties, then the vice chairman will take the charge. When there is a vacancy on the position of the chairman, vice chairman of committee and Managing Director of Supervision Board, it should be reelected within one month.

Section 18

The duties of the adjudication committee are as followed:

1.Adjudicate the working process of the committee.

2.Audit and approve annual expenses

3.Elect or recall the Managing Director of Supervision Board

4.Verify resignation of chair of adjudication committee or Managing Director of Supervision Board

5.Other adjudicated tasks.

Section 19

The Adjudication committee will have a Managing Director of Supervision Board that is chosen between the chair of adjudication committee. The duties of theManaging Director of Supervision Board are to adjudicate daily events of Institute, and to perform as the director of the adjudication committee. When the Managing Director of Supervision Board can not performed his or her duties under reasonable circumstances, he will appoint a chair of adjudication committee to substitute for him. If he did not appoint anyone, then the replacement will be chosen among the chair of adjudication committee. When there is vacancy on Managing Director of Supervision Board, it should be reelected in one month.

Section 20

Chairs of committee and chairs of adjudication committee are all non-paid employee who will have a 3 years term. He or she can be reelected as many times as he can. However, he chairman of the committee can only be reelected once. The starting date of the terms of chairs of committee' chairs of adjudication committee will be on the first day of the first scheduled committee meeting.

Section 21

When any chairs of committee or chairs of adjudication committee does anything related to the listed things below, he or she will be given notice to leave immediately:

1.When he or she does not qualify for the members any more.

2.When he or she choose to resign and approved by the committee or adjudication committee.

3.The one who got recalled or thrown out

4.One who get suspended over half of his or her term.

Section 22

This Institute will have on secretary in general who will perform tasks assigned by the chairman of the committee. Other staffs will be appointed by the chairman and approved by the committee. When giving leaving notice to the secretary in general, the committee should report to the upper government management official. The job or the right of the staff will be assigned by the committee.

Section 23

This Institute can have any kinds of Committee, or other interior executive organization. The guideline of these organizations will be written and decided by the committee.

Section 24

This Institute will hire a Honorable chairman of committee, a few honorable chairs and Consultants. Their terms will be the same as those committee chairs.

Chapter 4 Meetings

Section 25

There are two kinds of members meeting, one meets regularly, the other one will be called when unexpected events needed to be discussed (Temporary meeting). The chairman will have the right to schedule both meeting, however, meetings except those urgent events, should be schedule 15 days in advance with written notice.

The Regular meeting will be held once a year; Temporary meeting will be called upon the decision of the committee, by the requests of over 1/5 of the members (representative) or by the request of the adjudication committee. When a request of meeting is approved by the Institute and confirmed by 10% of the members, then the meeting will be called in a scheduled date.

Section 26

Members (representative) who can not attend the members meeting should notify other members (representative) to substitute for him or her. A member can only substitute for one member.

Section 27

The decision of the members meeting should be approved by at least half of the number of the meetings?attendance.?But the following things or events should be approved by at least 2/3 of the number of attendance:

1.When amending or constituting guidelines.

2.When deciding whether to waive a particular member (representative)

3.Recall of the chair of committee and the chair of adjudication committee.

4.When deciding the distribution of the assets.

5.When deciding the dissolution of the Institute.

6.Any other serious or urgent matter that related to members' rights and obligations. Any changes or add-on to the guidelines should be approved by 3/4 of the number of the attendance or approved by 2/3 of the members with written statement. The resolution of the Institute should be approved by 2/3 of the members.

Section 28

The committee and the adjudication committee should meet at least every 6 months, when needed, they can schedule temporary meetings or other kinds of meeting. Other than temporary urgent meetings, regular meeting should be scheduled and informed with written notice 7 days in advance. The decision of the meeting will be approved by at least half of the chairs of the committee (adjudication committee).

Section 29

Chairs of committee should attend the meeting of the committee; chairs of adjudication committee should attend the meeting of the adjudication committee, he or she should not be substitute by other person; Any chairs of the committee or adjudication who has two consecutive unexcused absents of their meeting will be given leaving notice.

Chapter 5 Budget and Accounting

Section 30

The budget of the Institute is from:

1.The first year joining fee of individual member: NT$1000, if the member is a student, then he or she would not have to pay the joining fee.

2.The yearly individual membership fee: NT$1000, NT$500 for students.

3.The lifetime individual membership fee: NT$10000

4.The first year joining fee of group member: NT$5000

5.The yearly membership fee of group member: NT$5000

6.Business fee

7.Donation by members

8.Profits from cases or projects

9.Fundraising or saving interests.

10.Any other kinds of profits and earnings.

Section 31

This Institute's accounting year will be the same as the calendar year, starts from January 1st of each year to the 31st of December.

Section 32

The institute will start to assign the committee to prepare and plan proposals for yearly projects, goals, budget, and salary of the employee two months prior to the beginning of the new accounting year. When approved by the members meeting, then those will be enforced during the accounting year. Two months after the end of the accounting year, the committee will report the progress or the achievement of the yearly projects, present account closing, cash flow chart, liability and assets chart, category of assets, and fundraising reports. These charts and reports should be referenced by the adjudication committee first, and then approved by the members meeting and referenced by the upper government management bureau before the end of March.

Section 33

After the dissolution of this Institute, the remaining assets will be distributed to local governments or organization that needs helps on funding.