The Fiscal Council
The Fiscal Council, which is also elected by the Members in General Assembly, consists
of a President and two members.
The Fiscal Council:
- checks the administrative and financial acts of the Management Board
- examines the books and documentation of the Association, whenever it sees fit
- checks balances and verifies the existence of title deeds and securities of any kind,
whenever it sees fit
- issues an opinion regarding the accounts, the budget and the plan of activities for
the ensuing year
- issues an opinion regarding all acts which involve the sale, voluntary mortgage or
any other kind of conveyance or encumbrance of the Association's Estate;
The members of the Fiscal Council are entitled to attend and speak at meetings of
the Management Board but do not have the right to vote.