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FairFundfoundation

Organizational Structure

The FairFund Federation (The Swiss Federation of FairFund Foundations throughout the World) consists of two not-for-profit companies limited by guarantee: FairFund Foundation (UK) Limited and FairFund Foundation (Ireland) Limited. The Federation accepts no third party liability and handles no money belonging to a member of the public. It is strictly non-commercial; therefore there are no fees or charges (other than membership fees) and it has no assets other than those held in Trust. The Federation is not an investment fund. The name FairFund does not imply or state that the FairFund Federation acts as an investment fund nor does it imply that the Federation gives any financial service or accepts third party liability.

Legal status

The FairFund Federation is governed by article 60 and in accordance with the Swiss Civil Code. It is registered as a legal entity as the FairFund Federation (The Swiss Federation of FairFund Foundations throughout the world)

Structure

The officers responsible for the Federation shall be the Governor, the Deputy Governor, the Secretary General as part of an Executive Court of Governors (Executive Assembly) consisting of the Chairperson of each national Foundation within the international network. The Plenary Court may co-opt additional officers to the Executive Court from time to time from entities in strategic alliance with the Federation. A nominee of FairFund Ireland (an outside service provider) plus one other director representing the Swiss Banking interests in FairFund Ireland shall also serve on the Executive Court of Governors.

The initial members of the Federation are:

Global FairFund Foundation entities shall be registered in each jurisdiction of operation and be automatically co-opted into the Federation.

The Federation and its international network of Foundations have their own Boards of Directors with full responsibility to adhere with all legislation of their jurisdiction. The Constitution of each national Foundation requires the Directors to adhere to the same mission and ethos as that of the Federation and if necessary for cultural, religious or legal reasons the stated mission and ethos needs to be amended then the Directors must obtain approval from the Executive Court of Governors. All activity of the Federation and its international network of Foundations shall be overseen by the Executive Court of Governors to ensure that business is performed with one objective and with the same rules, standards and procedures.

All assets held by the FairFund Foundation companies throughout the world are held in perpetuity under the beneficial ownership of the Federation. The FairFund Federation (The Swiss Federation of FairFund Foundations throughout the World) consists of two not-for-profit companies limited by guarantee: FairFund Foundation (UK) Limited and FairFund Foundation (Ireland) Limited. The Federation accepts no third party liability and handles no money belonging to a member of the public. It is strictly non-commercial; therefore there are no fees or charges (other than membership fees) and it has no assets other than those held in Trust. The Federation is not an investment fund.

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