Article 2 The Foundation shall have an office, consisting of 5-6 full-time and part-time staff, co-located with the office of Li Siguang Geological Science Award Committee, and the director of the office shall be the Secretary-General. The office is responsible for the implementation of Council resolutions, fund raising and operation, and daily work.
Article 3 The Board of Directors and the Board of Supervisors implement democratic management, and the Board of Directors of the Foundation generally meets twice a year. Due to the need of work, an interim meeting can be held, presided over by the chairman; Listen to the work report of the office, discuss relevant issues and decide important matters. All important matters that need to be voted on must be passed by more than two-thirds of the directors present.
Article 4 Supervisors of the Board of Supervisors may participate in the board of directors, independently convene meetings and make relevant decisions according to work needs.
Article 5 The confidentiality system is strict, and matters discussed and decided by the board of directors and the board of supervisors shall not be disclosed without authorization.
Article 6 Fund operation is the key to ensure the healthy development of the Foundation. In order to ensure the safety of the fund, reduce risks, maximize investment returns and increase the value of the fund, according to the spirit of the Regulations on the Administration of Foundations, the Foundation adopts a diversified investment operation mode.
Article 7 The office shall be responsible for the specific operation of the fund, and put forward the investment plan in time on the basis of careful investigation and study. The investment plan can only be implemented after it is approved by the chairman and the secretary general.
Article 8 The board of directors and the board of supervisors shall listen to the report on the operation of office funds once every six months, and conduct countermeasures to gradually realize scientific financial management, so as to achieve the best effect of fund operation.
Article 9 In order to encourage relevant personnel to make active efforts to do a good job in fund operation and investment, the Foundation may draw a certain proportion of funds from market operation income every year to reward relevant personnel, but it shall be implemented after the approval of the chairman.
Article 10 The salaries and office expenses of the staff of the Foundation shall be budgeted in accordance with the articles of association and shall be charged from the interest income of the Fund.
Article 11 All documents and materials formed by the Foundation shall be filed and properly kept.
Article 12 These Measures shall be implemented after being approved by the board of directors and the board of supervisors.
make it clear
At the first plenary meeting of the Foundation, the Office provided a copy of the Management Measures of Li Siguang Geological Science Prize Foundation (Discussion Draft), with the document *** 12, which clarified the institutional setup, fund management principles, operation modes and ways, and the safety, appreciation and rational use of the Fund. The meeting had a heated discussion and revision. In order to make the measures more practical, all directors are required to seriously revise and supplement the Measures after the meeting. The revised opinions will be fed back to the office within one month, and the office will sort out the opinions at the meeting and conduct necessary research. Combined with feedback, it was revised again and tried out after discussion and approval by the Council.
After the meeting, the office successively conducted research on Zhan Tianyou Science and Technology Award, Chen Jiageng Award and other similar award units, and listened to opinions from all sides, mainly including: First, the foundation must take the initiative in fund operation, and where to invest? How to vote? It is decided by the foundation and cannot be simply entrusted to others; Second, any investment is risky. In order to take less risks, you can ask experienced comrades to be consultants and give financial advice. Third, the diversification of investment is ideal, that is, the three-thirds system of buying government bonds, bank financing and purchasing funds is the most suitable, and a small amount of funds can also invest in enterprises. After the "Measures" were issued, the directors did not put forward different opinions, but only made some considerations on the text, which are now sent to you for your consideration.