Governance
Byelaws and Articles of Association
The rules that guide how the IAB is run, read alongside the Articles of Association.
The Byelaws are written to give officers and members guidance and information regarding procedures and regulations and ensure compliance with Company Law. In conjunction with the Articles of Association, these rules contribute to the smooth running of the organization.
Summary of changes to the Articles of Association
The proposed Articles will, if adopted, introduce a number of changes which the Board believe will be in the best interests of the Association and its members. The key changes introduced by the proposed Articles are described below.
Retirement by rotation
Going forward the Directors will not be required to put themselves forward for re-election by rotation at the AGM. The Board recognises that quality decision making requires the regular refreshment of membership, and therefore, notwithstanding the removal of retirement by rotation provisions directors’ appointments, excluding those of the Chief Executive and Chief Operating Officer, will still be subject to a maximum term of nine years.
It is important to note that directors appointed or co-opted to the Board will still be required to seek election by members at the first annual general meeting following their appointment.
Termination of membership
A person’s membership will be terminated if they are in arrears after more than one month from the due date, compared to an existing provision terminating membership after arrears of three months.
Our Group
