Foundation Regulations
The Foundation is governed by its “Foundation Regulations”, similar in many respect to the Articles of Association of a corporation. This document is available on request but in summary;
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We have up to seven directors and Board membership is voluntary, with no salaries or expenses being paid to Board members.
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The Board meets at least once per calendar quarter.
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Reporting to the Board are five Committees with specific roles as described below.
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Board Committee Chairpersons shall present their reports to the Board at each meeting.
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All Board members have one vote and the President has a casting vote in case of dead lock.
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The Foundation cannot use more than 7% of funds raised for administration costs.
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In the event student funds are not fully utilised due to drop-outs or any other reason, the non-utilised funds shall be put into an account for distribution to other students in need.
Selection Committee
The Selection Committee will visit local schools and families as part of their review of the candidates proposed by Partners. The Committee will review the students' past results and build the application file to be presented to the Board for approval.
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Follow up Committee
The Follow up Committee will keep a regular link with Partners and Sponsors to follow the student academic life with regular reports and meetings. Students provide the Committee with personalised reports to assess their studies, gradings and life situation, with possible needs like, housing, support tuition and traveling. These reports will be reviewed and evaluated by the Committee, who will decide if it is necessary to meet the student to address any concerns.
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Funding Committee
The Funding Committees task is to engage with sponsors to assist in financing of the Foundation programs alongside our Partners and ensure future funding for our Students. A Sponsor, may be an individual or an entity and will be asked to undertake a long-term engagement to ensure students can complete the full cycle of their educational course. A Donor may be an individual or an entity that makes one or more contributions to help fund the Foundation's activities.
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Operations Committee
The Operations Committee works with other Committees in coordinating the activities of the Foundation, formulating business plans, business processes, budgets and forecasts. They maintain the necessary IT and business management systems to run the Foundation and ensure implementation of the policies for operational reporting for the Foundation's Committees, Students and Partners.
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Communications Committee
The Communications Committee develops and nurtures the communication tools on internet, website, social media, press release, PR and real file events documentation in Thai and English. They also build the archives of the Foundation actions, pictures, films, documentation in a cloud management. Under direction of the Board, they control the release of information to all potential Partners and the public on the Foundation activities.
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