CONFEDERATION OF HUNGARIAN EMPLOYERS AND INDUSTRIALISTS

(MGYOSZ)

Constitution

 

1.      Chapter

Name, legal status

 

1.      The CONFEDERATION OF HUNGARIAN EMPLOYERS AND INDUSTRIALISTS is a national economic business federation of the employers, which was founded by the member organizations of the Hungarian economy. Its commission is to function in economic, professional activities, to function as a business federation, to protect, convey and harmonize interests and to develop the Hungarian economy and the international economic relations.

 

2.      Name of the company:
     CONFEDERATION OF HUNGARIAN EMPLOYERS AND INDUSTRIALISTS

 

In German: Vereinigung der Ungarischen Arbeitgeber und Industriellen

 

3.      Legal status of the confederation: founded under the force of .the law dated on 1989 section II on union, and is a separate social organization that is independent of the government and parliamentary parties.

4.      Seat of MGYOSZ: 1055 Budapest, Kossuth Lajos tér 6-8.

5.      The stamp of MGYOSZ is a round stamp, where the name and seat are indicated with the emblem in the middle.

Purpose of MGYOSZ

 

6.      The purpose of the Confederation of Hungarian Employers and Industrialists is to function as a business federation and an enforcer of interests that helps the development of the economy and society in such a way that it establishes the realization of economic interests and interests of employers and during this work the organization establishes the representation of the capital in Hungary. This will be done by reclining upon a base of members which is as wide as possible.

The new organization – on the basis of the economic power represented by it- intends to influence legislature and executive power and hereby to reinforce the influence of economy on political decisions. During its operation the confederation is independent of political parties, movements, but it endeavors to cooperate with them. The confederation cooperates with its partners, above all, with business federations of employees and competent governmental agencies.

 

The above purpose will be realized mainly by functioning as an economic business federation of employers both in Hungary and abroad.

The confederation pays special attention to represent the interests of small and medium entrepreneurs.

Its accentuated task is considered to be the emergence of the members’ economic interests as employers in the process of joining the European Union.

 

 

Tasks of MGYOSZ as an economic business federation that protects, conveys and harmonizes interests

 

7.      MGYOSZ functions as an economic business federation that protects, conveys and harmonizes interests in macro level. Within the framework of this:

 

-         In the governmental and parliamentarian period of legislature the confederation influences the making of laws or initiates a new law if needed.

-         They represent the suggestions and opinions of the members on the plans of laws that relates to enterprises and economic section, on the plans of decisions and economic rules. The confederation treats the conflicting interests before forwarding them.

-         They function as a business federation in macro level, and on forums of harmonization of interests they represent the harmonized federal opinions and in certain cases, they represent the opinions that reflect the standpoint of the minority.

-         They convey the comments and answers of the competent agencies

-         They participate in the creation of concepts and thoughts in economic policy

-         They operate a forum of company leaders

-         In order to establish and deepen the cooperation between its members and the cooperation between the economic sections, they help the involved parties to solve their problems themselves by social means and by harmonizing their interests. This is done by making suggestions, comments and by conveying the interests.

-         If its members initiate so, the confederation organizes the resolution of conflicts between them by harmonizing their interests.

 

The tasks of MGYOSZ as a business federation of employers

 

8.      According to the authorization of its members, MGYOSZ, as a confederation that unites the majority of professional associations, represents the members’ national interests related to their  tasks as employers. They participate in the works of national forums of harmonization of interests as a social partner. They are aware that in case of changes in conditions and laws in connection with labor relationships, the members would get information that cover all bases in due time, and the members would be prepared for the effects of the changes.

 

They make national labor and economic agreements according to the authorization of their members

 

MGYOSZ encourages the building of an extensive system of labor relationships in middle and enterprise level.

 

The functioning of MGYOSZ as a business federation of employers cannot offend the independence of the member organizations, their autonomy of acts, and their freedom in decision, representation and execution.

 

International relations and activities of MGYOSZ

 

The main purpose of the international activities of MGYOSZ is to enforce its members’ economic interests as employers in the process of joining the European Union. For this reason, the confederation endeavors to become a member in European and international economic business federations of employers. MGYOSZ has contacts with international labor organizations and if it’s possible, they participate in the works of these organizations. They endeavor to cooperate with national business federations of industrialists and employers.

 

 

Public relations and press activities of MGYOSZ

 

9.      MGYOSZ reckons that to constantly inform the members, entrepreneurs and the wide public opinion on the economic processes is an important part of representing and enforcing interests. They also want to represent the standpoints and opinions that were made within the framework of their functioning as an economic business federation of employers by the means of publicity.

 

In order to reach these goals MGYOSZ publishes a “Bulletin” and other press releases, creates a forum in order to maintain the relations with the representatives of the press.

 

Service-like tasks of MGYOSZ

 

10.  Within the framework of the service-like tasks of MGYOSZ:

 

-         They help the national and international economic activities of the members and entrepreneurs by the means of development of commerce that is common in international practice, through their system of relations with foreign partner organizations.

-         They constantly provide the entrepreneurs with the needed information for economic activities by joining international information systems, through their member associations or directly. (marketing, capital investments, developments, cooperation, tender information etc.)

-         They give information on decisions of economic policy, concepts, making of laws and their modifications, other legal issues, and in questions of duty, delivery, finance, estimation of assets, privatization.

-         They maintain an advisory service if needed

-         They operate an economic organization with the following purposes: education, post-gradual education, retraining, Hungarian and international leadership training. They plan and organize courses, series of lectures and seminars of special and professional skills.

-         They help the activities of the members and entrepreneurs in different forms. (seeking partners, participation in technological transfer)

 

In order to complete its tasks, MGYOSZ founds an economic company, enterprise, participates in economic organization, founds foundations and participates in them, this activity of MGYOSZ cannot conflict the interests of the members.

 

 

12.  Basic activities of MGYOSZ

 

-         Representing the interests of professional organizations of entrepreneurs and employers SZJ 182110

-         Teaching in courses, complementary activities to teaching SZJ 164230

-         Translation, interpretation, vetting, editing SZJ 144950

-         Organization of scientific professional events, shows and exhibitions SZJ 144960

-         Consulting of business management in relation to human resource, manpower  SZJ 141440

-         Topics, tasks, product management, program coordination SZJ 141460

-         Publicity-marketing activities, advertisement SZJ 143000

-         Complex recreation SZJ 081432

-         Editor service SZJ 04127

-         Distribution of brochures SZJ 07334

 

The cooperation of MGYOSZ with polity, business federations, parties and chambers of economy

     

13.  In order to complete its basic tasks effectively the confederation cooperates with agencies of the government, ministries and other polity agencies, local governments, other economic business federations of employers, and, furthermore, with trade unions and chambers of economy.

 

MGYOSZ, as a separate, independent confederation, do everything in order to influence the activities and decisions of the Parliament, government and other polity agencies according to the interests of the members of the confederation.

They represent the entrepreneurs’ interests in forums of harmonization of interests organized by the government, they give comments, extensive analysis and suggestions for the government on the essential processes of the economic policy of enterprises and the competent ministries (organizations of nationwide competence) and they initiate the making of new laws.

 

MGYOSZ is involved in a constant exchange of opinions about current questions of enterprising with the organizations of legislature, government and other polity agencies.

 

MGYOSZ, according to the authorization and participation of its members, is having conciliatory discussions with the ministries (organizations of nationwide competence). Within the framework of these discussions:

 

-         They participate in establishing concepts related to enterprising

-         They make comments on the planned provisions of ministries (organizations of nationwide competence) and invite the representatives of them to negotiations where these issues are discussed.

-         They organize the preparatory and experience-oriented negotiations related to regulations

 

In professional issues the members keep contact by themselves

 

14.  In accordance with the operation of MGYOSZ as a separate and independent organization, they endeavor to cooperate with political parties that play an active role in public life, with economic business federations of employers and employees and other social organizations. For this purpose they initiate and organize common forums of interest harmonization in questions that concern the major part of the economy.

 

On local forums of harmonization of interest of employers and on other economic forums, in issues of regional harmonization of interests, MGYOSZ is represented by regional association of members.

 

In case there is no independent regional members’ association of MGYOSZ in the given region (county, region), MGYOSZ can establish a regional committee / labor group that has no legal personality, from local entrepreneurs that are members of MGYOSZ. MGYOSZ can appoint a local entrepreneur or a member to represent them occasionally or permanently.

 

16.MGYOSZ cooperates with the national and regional chambers of economy, mainly the chambers of industry and commerce. They constantly monitor the activities of the chambers, make comments on the propositions of the chambers and represent their members’ interests in questions of the process of preparation of the chambers’ decisions. MGYOSZ endeavors to represent itself in the corporations of the chambers in proportion to its members.  

 

In professional questions the professional organizations keep contact directly with the appropriate organizations and corporations of the chambers. In several questions related to the profession and the major part of the economy, MGYOSZ, according to the request of the members, coordinate and organize a unified move.

 

II. Chapter

 

Members of MGYOSZ

Rights and responsibilities of the members

 

17. Forms of membership:

Normal member

Honorary member

 

18. A honorary member can be:

 

a, The following organizations that complete economic tasks, tasks of employers, representation, conveyance and harmonization of interests:

 

-         professional association

-         regional association (union)

-         social organizations that complete tasks of harmonization of interests of entrepreneurs and the confederation of these

 

b, Every company that has a seat in Hungary, that is registered,  an economic company that has legal personality and that the registered capital of it exceeds 50 million HUF or its annual income exceeds 500 million HUF.

 

19. Honorary member: the Presidency can accept every person that supports the work of MGYOSZ in a prominent way as honorary member.

 

Rights and responsibilities of members:

 

20. Responsibilities of a normal member:

 

-         he must accept the constitution of the confederation

-         he supports the activity of the confederation, develops it with his work and participation, strengthen the cooperation between the members.

-         He agrees to pay the membership fee, he pays the membership fee appropriate to the membership fee payment order, he provides the data to determine the membership fee according to schedule

-         The constitution of the confederation, the decision of the corporation, principles, standpoints, propositions (hereby referred to as decision of the association) are obligatorily normative and must be executed by the members- in this qualification during their activities. However, if there is a member who has a justified objection against the given decision of the association, he can demand the immediate publication of his separate opinion: the member has a right to represent his independent standpoint.

 

21. Rights of a normal member:

 

- A normal member- through his representative - has the right to participate in the general assembly. If he is a member of an association, the president (representative) of the association, if he is a member of an economic company, the leader office-holder of the company will be considered a representative, if prevented, the person authorized according to the Civil Code.   

-         A normal member has right to vote on the general assembly

-         A normal member can participate in the elections or can be elected to any function in the confederation.

-         A normal member can participate in the works of the committees and departments

-         A normal member may enjoy the services of the confederation, freely or with a discount depending on the service.

-         A normal member can make suggestions and proposals to the office-holders, the organizations of the confederation, its committees, departments and administrator organizations: he can ask for information about any activity of the confederation, which must be answered effectively by the concerned person within 30 days.

-         In case of request, authorization or mandate of the presidency, a normal member or his authorized representative has the right to represent the confederation in a given professional question until the authorization is valid.

-         In exchange of the membership fee the following services will be given by the confederation for economic companies that have a normal membership or member companies of member unions.

 

-    regular notice of the events of the confederation and its organizational life

-         information on the services given by the confederation

-         right to express, harmonize and enforce interests

-         information on Hungarian and international discounts, tenders, projects, supports for enterprises

 

-         A normal member in order to help the operation of the confederation, to provide an allocation, to hold its programs, according to an agreement that arranges the conditions of it, has the right to use the premises that belong exclusively to the confederation or are in permanent usage.. Normal members enjoys preference in allocation.

 

22. Rights of an honorary member

 

-         An honorary member has the right to participate in the general assembly and other programs of the confederation with right to be in council.

 

An honorary member need not to pay membership fee.

 

Beginning and cancellation of a membership

     

The presidency decides about the entering of a normal member by accepting the declaration of entry. In case the declaration was dismissed, a reconsideration can be demanded from the General Assembly.

 

Within 30 days from the receipt of the acceptance of the declaration of entry,  the member must transfer the annual payment in proportional part to MGYOSZ.

 

By the following year the member will pay the membership fee in two equal payments, first until 30, April, second until 30, September.

 

If the member refuses to pay after the second written notice, his membership will be automatically canceled on the third month from the second notice.

 

If the member intends to quit, he must inform MGYOSZ presidency in written notice 3 months before mid-term or the end of the year.

 

Membership is canceled on the last day of the calendar year.

 

Membership is canceled also if the member is canceled without successor. The date of cancellation of membership in this case is the day when the organization was closed.

 

If the member- in spite of the notice-. do not complete his undertaken responsibilities, his activity conflicts with the constitution of MGYOSZ or commit something seriously against the ethical standards of MGYOSZ, the presidency has the right to exclude him. In case of such decision the concerned member can ask for reconsideration from the General Assembly. The membership is canceled when the decision or the standpoint of the General Assembly comes into force.  

 

 

 

III. Chapter

 

Organization of MGYOSZ

 

 

25. Boards of MGYOSZ

 

            General Assembly

            Presidency

            Control Commission

            Ethical Commission

            Commission of Mandate Inquiry

 

26. The main board of MGYOSZ is the General Assembly

 

The normal members attend on the General Assembly with mandate.

 

Attendees with right for consultation:

 

-         the head officials of MGYOSZ

-         the President of Control Commission

-         the President of Ethical Commission

-         the president of the Commission of Mandate Inquiry

-         the representatives (heads) of commissions, branches

-         the secretary-generals (directors) of general members’ associations

 

27. General assembly runs upon an annual schedule, and has sittings if needed but at least once a year. The General assembly is convened by the Presidency. It also shall be convened if it is proposed by the tribunal or the 1/3 of the members with giving the reason and the objective. The invitation shall be sent to all attendees as well as it shall be published at least 15 days before the time of the general assembly in a national daily paper.

 

The invitation shall contain the following:

 

a)      the time and place of the General Assembly;

b)      a list of subjects marking if the given subject is written or verbal;  

c)      a notice on the fact that if the General Assembly has no quorum the repeated assembly will be held on the same day in a later time with the same schedule which will be capable of making a decision independent of the number of attendees.

 

28. The competencies of the General Assembly:

 

a)      establishment or modification of the constitution introduced by the Presidency;

b)      election and/or replacement the president, general vice-president, vice-presidents and the member of the Presidency of MGYOSZ

c)      election, replacement of the president, members and additional members of the Control Commission;

d)      election, replacement of the president, members and additional members of the Ethical Commission;

e)      election, replacement of the president and members of the Commission of Mandate Inquiry;

f)        decisions in financial matters of MGYOSZ (above 50 million HUF)

g)      decision in the subjects of forming a company by MGYOSZ or by the participation of MGYOSZ, in establishing a foundation or participating in a foundation (above 10 million HUF);

h)      adaptation, modification of the Ethical Code;

i)        statement of the association with other social organizations or partitioning of MGYOSZ;

j)        decision on joining of MGYOSZ to other social organization;

k)      decision in the membership of MGYOSZ in international organizations;

l)        passing resolution on the duties of the Presidency of MGYOSZ, the functions of the administration and on the annual report;

m)    ratification of the annual financial report and the balance report of MGYOSZ and decision on the budget of the next year;

n)      establishing the course of the payment of membership fee, and determining the amount of the membership fee;

o)      discussing and passing the annual report of the Control Commission;

p)      decision in the revision of the resolutions of the presidency in refusing an application for joining and/or in expelling;

r)       foundation and awarding of prizes;

s)       discussing and passing other reports, resolutions presented by Presidency.

 

29. The General Assembly is capable of making decisions if the 50 % of the general members + 1 person are present. If the General Assembly has no quorum the repeated assembly shall be held on the same day in a later time with the same schedule which will be capable of making decisions independent of the number of attendees, and the members shall be notified on this fact.

 

30. The resolution is passed by simple majority. 2/3 majority is necessary in the decisions about the modification of the constitution of MGYOSZ, on the association with other social organizations or on dissolving. In case of equality of votes the vote of the President of General Assembly is decisive.

 

31. In the assembly the voting is public in every subject even in personnel matters. Although the General Assembly has the right to decide the secret ballot if the 20% of the attendees with mandate propose such.

 

32. The meetings of the General Assembly are presided over by the president(s) elected in the assembly.

 

Presidency

 

33. Presidency is the management body of MGYOSZ which manages the work of the association between two assemblies. The competency of the Presidency includes the decision in every case not directly part of the competency of General Assembly.

 

34. Number of the members of Presidency is 25 persons:

 

-         President

-         General vice-president

-         23 members of Presidency of which not more than 11 vice-president can be elected

 

35. The competency of Presidency includes:

 

a)      management of MGYOSZ’s activities in keeping with the resolutions of the General Assembly, working out the working scheduled of MGYOSZ for the next year, determining the standpoint of MGYOSZ in fundamental questions concerning the members;

b)      convening the General Assembly;

c)      introduction of the constitution and/or its modifications for the General Assembly;

d)      determination of the Association’s standpoint and recommendations concerning the conceptions on economic politics and labor, law-making and forwarding them for the appropriate authorities (e.g. Parliament, Government, etc.), coordination and management of the lobby activities of MGYOSZ;

e)      establishing and dissolving of permanent and ad hoc committees, discussing, adopting their reports;

f)        ratification of the appointment and the dismissal of the Secretary General to the proposal of the President;

g)      determining the conditions of the mandates of General Assembly;

h)      decision in financial matters of MGYOSZ above 10 million HUF (under 50 million HUF);

i)        passing a resolution in the subject of discussing and ratification of the report on the work of the Presidency and the activities of the administration of MGYOSZ;

j)        requesting, entrusting of the member organization representing MGYOSZ or its representative and the commission of MGYOSZ in professional matters;

k)      establishing and modification of the organizational and operating rules of MGYOSZ;

l)        decision on membership debts.

 

36. Presidency runs upon an annual schedule, and has sittings if needed but at least in every two months. It is convened by the President of MGYOSZ. The Presidency regularly informs the General Assembly on its activities. The he Chairman of the meetings of the Presidency is the President of MGYOSZ.

The Presidents of the Control Commission and the Ethical Commission and the Secretary General participate on the meeting of the presidency with right for consultation.

 

37. The presidents of member associations participate on the meetings of the Presidency with right for consultation.

 

38. The Presidency decides by simple majority, and generally by public voting. In case of equality of votes the vote of the president of the meeting is decisive. The Presidency is capable of making decisions if at least half of  its members with mandate are present.

 

39. Presidency can establish work committees for effective solution of the tasks of MGYOSZ, obtaining common standpoints and ensuring it is effectively realized. The committees establishing their own operating rules with the permission of The Presidency upon the activity they were entrusted.

 

40. Presidency can establish an advisory committee from the experienced retired leaders formerly active in the activities of the association which has the authorities and tasks of the committee.

 

Control Commission

 

41. The duty of Control Committee containing a President and four members, elected by the General Assembly for four years control of the activities of MGYOSZ concerning the constitution, of the financial matters and the execution of the resolutions of MGYOSZ’s organizations.

 

42. The members of the Control Commission have the right to inspect all the documentations of MGYOSZ – within the scope of the effective regulations. The Control Commission shall compile an annual report on their findings and recommendations they made upon the experiences and information come from the inspections as well as they shall compile a comprehensive report for the General Assembly in every two years. Presidency shall discuss both the annual and the comprehensive report in advance.

 

43. The President and the members of the Control Commission does not have right for measures in the MGYOSZ’s businesses.

 

Commission of Mandate Inquiry

 

44. The Commission of Mandate Inquiry elected for four years, containing a President and four members ascertains the mandate of the normal members, the authorization for representation of the attendees of the General Assembly and the capability of the General Assembly for making decisions according to the constitution.

 

Ethical Commission

 

45. The Ethical Commission elected for four years, containing a President and four members works out the Ethical Code of MGYOSZ and inspect if it is kept. The Ethical Code is adopted by the General Assembly.

 

46. The Ethical Commission takes a stand in cases of ethical offense of the members and representatives of MGYOSZ and proposes sanctions to the Presidency.

 

The local organizations of MGYOSZ

 

47. MGYOSZ is represented by the particular local member organization(s) as members in local labor and other economic authorities in cases of reconciling interests locally.

 

48. If there isn’t any autonom member association of MGYOSZ in a particular place (county, region) MGYOSZ can establish a local committee/work group not a legal entity from local businessmen members or can antirust a businessman or member occasionally to be its permanent representative in the area.

 

Other organizations of MGYOSZ

 

49. There are permanent and ad hoc committees, expert groups  (other organizations) which concentrate the representatives of the member organizations and the businessmen according to the main areas of professional, financial, employment business federation’s activities, the functions and important areas of economy.

 

50. Other organizations of MGYOSZ which are not legal entities get the representatives of members of MGYOSZ together with the functions determined by their agreement, ensure that every representative of members participates regularly and continuously in MGYOSZ’s activities.

 

51. The other organizations run upon an annual schedule if it is possible, they work out expert opinions, standpoints, and recommendations.

They can entrust experts or a group of experts with preparing and working with a certain topic, and they can form work committee for working out the standpoints of the body.

 

52. Members can participate in the activities of more than one work group at the same time, they have the right to take the advantage of the branches – independent of the fact they are member of them or not – with their suggestions and initiatives.

 

53. Companies, businessmen without membership also can participate in the activities of the other organization – by paying the annual membership fee laid in the organizational and operating rules.

 

54. The Presidency continuously informs the membership on the establishment, dissolving of other organizations and on every change in personnel matters.

 

 

IV. Chapter

 

Officials, administration, institutions, representatives of MGYOSZ

 

Officials of MGYOSZ

 

55. The head officials of MGYOSZ

 

-         President

-         General Vice President

-         Vice Presidents

 

56. The election of  the President, the General Vice President and the Vice Presidents is for four years.

 

57. The voted leaders fill their positions as a social work.

 

58. The head officials and voted leaders of MGYOSZ (voted leaders) represent the standpoint of the body on  behalf of MGYOSZ.  The division of labor between the officials of MGYOSZ is according to the Organizational and Operating Rules of MGYOSZ concerning the following:

 

58. The President’s duties particularly:

 

-         represents MGYOSZ in all terms;

-         manage and coordinate the activity of MGYOSZ;

-         he is the Chairman of the meetings of the Presidency;

-         appoint the director-general, the secretary-general with the permission of the Presidency, and he is the employer of them.

 

59. The duty of the General Vice President beside the representation is the replacement of the President i his absence on order to ensure the undisturbed operation; management and coordination of MGYOSZ in accordance with the President according to the labor division adopted by the General Assembly/Presidency.

 

61. Duties of the Vice Presidents:

-         replacement of the President and the General Vice President in their absence according to the established schedule,

-         leading the permanent and ad hoc committees of the Presidency,

-         theoretical management of MGYOSZ according to the established schedule e.g.:

- economic political representation at the authorities of the social dialogue,

- representation concerning labor businesses at the authorities of social dialogue,

- managing the EU activities of the association,

- managing of the international activities, representation in international organizations,

- environmental protection,

- purchasing

- education, higher education, qualification, research

- coordination of the improvement of the area and regional activities,

- development of the infrastructure, etc.

 

 

The members of Presidency can also participate in the activities detailed above with the same rights as the Vice Presidents.

 

62. Duties of the Secretary-general:

 

-         In accordance with the regulations in the Organizational and Operating Rules of MGYOSZ ensuring that the resolutions of the General Assembly and the Presidency are executed, and according to this

-         responsible management the activities of MGYOSZ and its administration,

-         acting as the employer of the employees of the administration

-         management of the financial matters of MGYOSZ in accordance with the annual budget adopted by the General Assembly,

-          management of the basic and business activities and services,

-         decision in financial matters below 10 million HUF,

-         management of the international, PR and computer technical activities of MGYOSZ.

 

The period of the employment of the Secretary General is indefinite.

 

63. The voted leader charge is ended: with an accepted resignation, the dismissal by the General Assembly and if somebody is prohibited from the public affairs by a judgment. Only a Hungarian citizen can be a voted leader of MGYOSZ. The voted leaders cannot be the relatives of each other (according to the civil laws (Ptk.))

 

The administration of MGYOSZ

 

64. The main duty of the administration of MGYOSZ is to execute the decisions of the leading bodies, coordinate the opinions and suggestions of the members, to forward the to the appropriate bodies, organizations, to forward the information comes form the economic authorities and other organizations to the members, to prepare the sittings and other programs of MGYOSZ organizations and to provide services for the members of MGYOSZ and for businessmen. It provides any other duty laid in the constitution and the organizational and operating rules.

 

65. The head of the administration is the Secretary General appointed by the President upon the decision of the Presidency.

 

66. The organizational structure and operating regulations of the administration for MGYOSZ particularly the relationship of the sections of the organization, moreover any other thing which should be done here according to the constitution is stated in the Organizational and Operating Rules of MGYOSZ.

 

The representation of MGYOSZ

 

67. The MGYOSZ is represented by the President and the General Vice President by themselves.. Occasionally they can relegate this right regarding to certain matters to the vice-presidents, secretary-general of MGYOSZ, to the members of the Presidency and the employees to the administration of MGYOSZ with a particular authorization. All these are laid in the Organizational and Operating Rules of MGYOSZ.

 

Disposition of the bank account:

 

-         The President together with one of the Vice President and/or a member of the Presidency,

-         General Vice President together with one of the Vice Presidents and/or member of the Presidency,

-         two-two persons authorized by the President and the General Vice President

 

have the right to disposition of the bank account

 

68. Beside the President, the General Vice President and the Secretary General authorized by signing by themselves those people can sign on the behalf of MGYOSZ to whom the above persons grant this right and who has the right for it per the law.

 

V. Chapter

 

Finance of MGYOSZ

 

69. The financial connections between MGYOSZ and its members are determined by the type of the membership.

 

70. MGYOSZ meets the costs from membership fees, from the income of the services, donations and from other sources.

 

71. The General Assembly determines the extent of the membership fee in every year. The minimum amount of the membership fee in the year of the formation is 250,000,- HUF.

 

72. The General Assembly shall decide about the property of MGYOSZ in case of its closing down by a resolution voted with 2/3 majority.

 

Closing Directions

 

73. This Constitution is adopted by the forming General Assembly of MGYOSZ in July 23, 1998. Regarding the questions not regulated by the Constitution the standards are the Rule Nr. II, 1989 on the right for association and other concerning rules.

 

74. The Munkaadók és Gyáriparosok Országos Szövetsége (Confederation of Hungarian Employers and Industrialists) acts as the general legal successor of the associating Magyar Munkaadói Szövetség (Association of Hungarian Employers) registered in the records of social organizations with the registration number: 834, by the order Nr. 6 Pk.60.975/1 of the Capital Court of Justice of Budapest, and the Magyar Gyáriparosok Országos Szövetsége (Federation of Hungarian Industrialists) registered in the records of social organizations with the registration number: 4038 as from its valid registration determined by the effective rules.

 

75. The Association was registered in November 23, 1998 in the records of social organizations with the registration number: 8288 by the order Nr. 7. Pk. 60.853/1998 of the Capital Court of Budapest.  MGYOSZ is an autonom legal entity from the date of registration.

 

76.  The uniform constitution valid with the modifications above was ratified by the General Assembly of MGYOSZ in December 5, 2000.

 

 

 

 

Budapest, December 5, 2000

 

 

 

 

                                                                                                          Gábor Szeles

                                                                                                             President