WORLD POVERTY ERADICATION FOUNDATION
ARTICLES OF CORPORATION
USA Headquarters Address: 1129W, 17th, St, Los Angeles, California USA 90015
International Headquarters Korea Office: #1405, 278, Beotkkot-ro, Geumcheon-gu, Seoul, Republic of Korea
Chapter 1: General Provisions
Article 1 (Title)The name of this conference is WORLD POVERTY ERADICATION FOUNDATION (hereafter referred to as this association), and the Korean name is “World Poverty Eradication Foundation” and is abbreviated as WPEF.
Article 2 (Location)
① This conference headquarters office is located in the United States. 1129W, 17th, St, Los Angeles, California USA 90015
② The International Korea Office of this conference is located at #414, 278, Beotkkot-ro, Geumcheon-gu, Seoul, Republic of Korea
③The International Headquarters and branches may have separate organizations and addresses with the approval of this foundation.
Article 3 (Purpose and Organization)
① The headquarters of this foundation is operated to activate leadership with a will to eradicate poverty around the world. and run the necessary business.
② The chairperson of this meeting has the authority to represent the United States appointed by the resolution of the board of directors.
③ This meeting is composed of all people who have a will and interest.
Article 4 (Business)This foundation conducts the following business to achieve the purpose of the preceding article.
1. Health examination center management, cancer treatment center, drug addiction treatment, social welfare, hospital, clinic, nursery school, nursing home, rehabilitation center, day care center, clinic, relief agency, employment agency, family counseling center, intractable disease, medical material research, substitution National health services such as medicine, marriage business, international marriage, funeral business, charnel house, arboretum, family ritual, community welfare center, senior welfare center, youth welfare center, migrant home and multicultural center.
2. Primary education, secondary school, high school, university, graduate school, lifelong learning center, success school, vocational school, special school, language school, online education, establishment of language institute, education business.
3. Activities such as refugee support, culture, art exchange, sports, NGO fostering, environment, food waste disposal, ecosystem, peace threat, public order, scholarship business, nursing facility, detective business, security business, martial arts, arts, climbing, diving, etc. cultural business.
4. Life ethics, moral consciousness, publishing business, newspaper, broadcasting, film, diet, museum, ethnic minority, language, law, history, IT technology, advanced technology, professional technology training, medical technology, psychology, management technology, production technology , applied technology, public interest, Internet, telecommunications, sales information and other research and cultural projects.
5. Religious and cultural projects such as missionary organization, religious harmony and exchange projects, traditional culture research projects, religious leader training, pan-religious group harmony, and social leader certification
6. Business related to music, including music research, musical instruments, vocal music, religious music, folk music, contemporary music, electronic music, dance, ballet and special music.
Article 5 (Profit Business)
When necessary to cover the expenses of the purpose business stipulated in Article 4, this This foundation conducts the following business to achieve the purpose of the preceding article. may conduct a profit-making business within the scope not contrary to its nature.
① Energy, building materials, tourism theme park development, marine development, industrial development, golf course business, real estate development, real estate rental business, travel tourism business, oil business, fuel, finance business, banking, loan, currency exchange, investment promotion business, insurance, lottery, Gift certificates, memberships, health care vouchers, medical tourism, travel tourism, brokerage business, agriculture, livestock industry, fishery, mining, processing industry development, trade, export/import, health food, block chain, platform, construction implementation, construction, smart agriculture, smart Animal husbandry, franchising, gold smelter, gold mining, gold exchange, consulting, economic business, etc.
Article 6 (Provision of Benefits)
① In carrying out the purpose business stipulated in Article 4, this foundation shall, in principle, provide benefits to beneficiaries free of charge, agency, and contribution.
② In case of unavoidable circumstances, a part of the cost may be borne by the beneficiary within a socially acceptable range.
Chapter 2 Officers
Article 7 [Types and Number of Officers]This foundation may have the following officers.
① 1 chairperson
② Some directors
③ 1 auditor
Article 8 [Appointment of Officers]
① The chairperson of this foundation who has been appointed (commissioned) as a representative by this foundation serves concurrently.
② Executives of this foundation are appointed by the president of this foundation.
③ By-election of officers shall be made after 1 month from the date of vacancy.
④ New executives who do not comply with ② shall be approved by this meeting.
Article 9 (Dismissal of Executives)
An executive may be dismissed ex office if he/she commits any of the following acts:
①Acts that violate the purpose of this foundation.
②Disputes between executives Accounting irregularities or significant misconduct.
③An act of interfering with the business of this foundation or breaching one's duties.
Article 10 (Reasons for Disqualification of Officers)A person who falls under any of the following subparagraphs may not become an executive.
① A person who has not received a letter of appointment or a letter of commission from the representative of this foundation, international headquarters, or branch
②Those who have not received approval from this foundation, international headquarters, or branch
③Those who have been dismissed under Article 9 and have not received immunity
Article 11 (Secretary General and Director General and Each Branch)
① In order to be exclusively in charge of the purpose of this foundation, the position of secretary general and the position of director for each field may be established.(However, when a non-executive person assumes the position of director, it is the same as Article 8, Paragraph ④.
② This foundation may organize a separate organization for each region and function according to the business purpose of Article 4. Organizers and representatives may be commissioned as officers of International Headquarters.
Article 12 (Term of office of directors or executives)
①The term of office of directors or executives shall be four years. However, they may be reappointed with the approval of the board of directors for a term extension.
②The term of office of directors and executives appointed and commissioned by supplementary election shall be the remaining period of their predecessors.
Article 13 (Duties of Directors or Executives)
① The chairperson represents the foundation, oversees the affairs of the foundation, and serves as the chairman of the board of directors.
② Directors or executives attend the board of directors or the relevant executive meeting to resolve matters related to the business of this foundation and handle matters entrusted by the chairman.
③ Auditors perform the following duties.
1. To audit the property situation of this foundation
2. To audit the operation of the board of directors and matters related to its work
3. To state opinions to this meeting
Article 14 (Acting President's Duties)
① In the event of an accident by the president, an executive designated by the chairman shall perform the duties on behalf of the chairman.
② When the chairperson is vacant, an executive appointed by the World Headquarters takes over the duties.
③ An executive who acts as a proxy for the chairman's duties in accordance with the provisions of Paragraph 2 shall proceed with the meeting without delay.
Chapter 3 Board of Directors
Article 15 (Composition of the Board of Directors)The board of directors consists of the chairman and directors.
Article 16 (Classification and Call)
①The board of directors is divided into regular general meeting and extraordinary general meeting, and the chairman convenes them.
②The regular board of directors meeting is convened before one month before the beginning of each fiscal year, and the temporary board meeting is convened when the chairman deems it necessary.
③ The convocation of the board of directors shall be notified to each executive officer and auditor by the chairman specifying the date, time, location, etc. of the meeting agenda.
Article 17 (Special Cases for Convocation of Board of Directors)
① When there is a convocation request that falls under any of the following subparagraphs, the president shall convene an executive meeting within 20 days from the date of the convocation request.
1. When a majority of directors present a request for a convening by presenting the issues provided by this meeting
2. When the meeting requests a convocation as an auditor's statement under Article 13 ③ Paragraph 3
②When it is impossible to convene a board of directors meeting for more than 20 days due to a vacancy or evasion of the right to call the board of directors, or when the convocation in accordance with paragraph ① above is not possible.
Article 18 (Written Resolution)
① Among the matters to be submitted to the board of directors, the president may resolve minor or urgent matters in writing. In this case, the president shall report the results to the next board meeting.
②When a majority of the executives incumbent request a vote from the board of directors regarding the written resolution in paragraph ① above, the chairman shall delegate the matter to this foundation.
Article 19 (Quorum for Decisions)
① The board of directors convenes with the attendance of a majority of the directors in attendance, and resolves with the consent of a majority of the directors present. However, in the case of a tie, the chairperson decides.
② It applies only to the matters attached to the agenda, and matters not attached to the agenda are subject to the decision of the holder of right.
③ Voting rights submitted in writing to the chairman due to unavoidable circumstances shall be deemed delegated to the chairman.
④In the case of ③ above, the chairperson shall notify all attendees of the above fact in advance when confirming the quorum.
Article 20 (Matters to be resolved by the board of directors)The board of directors deliberates and resolves the following matters attached to the resolution.
① Matters related to business execution
② Matters related to business operation
③ Matters concerning the preparation of the budget and statement of accounts
④ Matters entrusted by this foundation
⑤ Matters referred to the meeting by the chairman as important for the operation of this association
⑥ Other matters that do not fall under its authority pursuant to the provisions of the articles of incorporation cannot be resolved.
Chapter 4 Property and Accounting
Article 21 (Classification of Property)
Article 29 (Executives' Remuneration and Rewards)
① Remuneration may be paid to the chairman or executive in charge of the business operation. However, actual expenses necessary for the performance of duties may be paid to other executives.
②Incentives and awards may be provided to contribute to the development of this association or to expand capabilities.
③Incentives within 3% of the total project cost or 20% of the net profit may be provided if necessary for the business of this Association.
④Detailed regulations on awards are in accordance with the separate regulations.
Chapter 5 Committees and Secretariats.
Article 30 (Committee)
① For the smooth operation of this foundation, various committees are established, and influential persons other than the chairman may be appointed by this foundation itself.
② Matters concerning the organization and operation of various committees shall be determined separately.
Article 31 (Secretariat)
① In order to handle the affairs of this foundation, a secretariat is established in the headquarters and a secretariat is established in the region.
② The Secretariat may have one Secretary General, a few directors for each field, and necessary staff.
③ The appointment and dismissal of the secretary general of the International Headquarters and affiliated branches is managed by this foundation.
④ The appointment and dismissal of executives of separate organizations of this foundation may be managed by this foundation.
⑤ Commissioning, dismissal, appointment, dismissal, etc. of the executives of this foundation and below may be supervised by the secretary-general with the delegation of the chairman.
⑥ The period of commissioning and appointment pursuant to ④⑤ above is considered to be two years unless otherwise specified.
Chapter 6 Supplementary clauses
Article 32 (Dissolution)
① When this foundation intends to dissolve, the chairman of the board must apply to the foundation and accept it.
② When the International Headquarters decides to disband this foundation, the acting authority shall report the dissolution to the relevant government office.
③ This foundation has the right to dispose of the basic property when this foundation is dissolved.
④ This society has the right to dispose of common property when this society is dissolved.
Article 33 (Change of Articles of Incorporation)
① When changing this Articles of Incorporation, it shall be applied and enforced in the supplementary provisions by the resolution of the Board of Directors. When the International Headquarters wishes to amend these Articles of Incorporation, the branch president must obtain approval from the World Headquarters and, if necessary, obtain permission from the relevant organization.
Article 34 (Establishment of Rules)
① In addition to what is stipulated in these Bylaws, other matters necessary for the operation of this foundation shall be stipulated in separate rules.
② This foundation produces official seals and seals to use internally and externally.
Article 1 (Enforcement Date)
The articles of incorporation of this foundation shall be enforced by the articles of incorporation (or rules) of the main foundation of the World Poverty Eradication Foundation (WPEF).
Article 2 (International Headquarters Office Support)The International Headquarters (in accordance with Articles 8 and 11) must create a condition in which the executives of the World Headquarters can use the space together.
Article 3 (Operational Articles of Incorporation Approval Rules)
① The operating rules (articles of incorporation) of the International Headquarters, branch offices and affiliated organizations by this foundation must not violate the operating articles of foundation of this foundation, and even if they are violated by later interpretation, the relevant provisions are approved under the condition that they are not recognized.
② When the International Headquarters intends to operate with registration or permission in a region (country) other than Korea, it must obtain the approval of this foundation in advance.
③ This foundation may apply a separate operating rule in accordance with Article 34 ① in order to make use of the characteristics of Article 3 ③(However, if there is a separate operating rule, it must be attached to these operating articles of incorporation.
④The International Headquarters is responsible for making sure that the operation rules of the separate organization under Article 11 ② and ③ above are applied to the above paragraph 1.
Article 4 (Transitional Measures)At the time of enforcement of the Articles of Incorporation, acts performed for the commencement of this meeting shall be deemed to have been performed in accordance with these Articles of Incorporation. World Headquarters (certified in the US)I, who signed the seal below, certify that the above Articles of Incorporation and By-Laws have been certified by this foundation as the U.S. representative appointed by the resolution of the Board of Directors of this foundation.
WORLD POVERTY ERADICATION FOUNDATION INC. (WPEF) PRESIDENT JAEAK, LEE
Article 5(Progression measure)
An act which is done for opening of this meeting during execution of this statute.
shall be regarded as an act which is done by this statute.
Approval of International Headquarter(Representative of Korea)
1, who has sealed below, as representative of Korea appointed by the resolution of
board of directors of the international headquarter, dully verify that the above statute
and additional clauses are the same contents approved by the international
headquarter. 12 Month 25 day, 2022 year
JAEAK LEE the representative of Republic of Korea,