Management Board and Fiscal Council
The Management Board, which is elected by the Members in General Assembly, consists of a President, Secretary, Treasurer and three other members. Its responsibilities include: the administrative, financial and social management of the Association; conducting the affairs of the Association in a proper and prudent manner in accordance with the laws of the Republic of Portugal and the Statutes governing it operations; and executing the decisions of Members in General or Extraordinary Assembly so as to achieve the desired legally appropriate aims and objectives. The Management Board also undertakes the following additional functions: to appoint members to undertake specific functions; to prepare and to present to the General Assembly a plan of activities and a proposed budget of expenditure for the ensuing year; and to prepare and present to the General Assembly the report and accounts for the previous year.
The Fiscal Council is also elected by the Members in General Assembly and consists of a President assisted by two members. Its responsibilities include: verification of the administrative and financial acts of the Management Board; auditing the books and documentation of the Association; whenever deemed necessary check balances and verify the existence of title deeds and securities of any kind; whenever deemed necessary issue an opinion regarding the accounts, the budget and the plan of activities for the ensuing year; issue an opinion regarding all acts which involve the sale, voluntary mortgage or any other kind of conveyance or encumbrance pertaining to the assets and estate of the Association. The members of the Fiscal Council are entitled to attend and speak at meetings of the Management Board. They do not have the right to vote.