The MBAC in British Columbia is governed by a Board of Directors, elected by the members annually. The Board establishes policies and organizes activities while coordinating and directing the Association's committees.


2007-2008 Board of Directors

The Mexican Business Association of Canada, hereafter referred to as "MBAC" or "the Association", was incorporated in the Province of British Columbia on October 17, 1995 as a non-profit organization under the norms and provisions of the Societies Act of said Province of British Columbia.

ARTICLE II

MISSION

To support its members in their quest for a solid and strong business and professional development, by building new business networks within local communities, across Canada and in Mexico.

ARTICLE III

PURPOSES AND OBJECTIVES

Support, promotion and coordination of business and professional activities of members.
Promotion and strengthening of bilateral business relations between Canada and Mexico.
Promotion of capital investment between Canada and Mexico.
Facilitation of communications and networking between business and industry leaders from both countries.
Creation, promotion and fostering of conferences and seminars associated with topics of interest for the membership.
ARTICLE IV

MEMBERSHIP

Section 1 Eligibility

Any individual, corporation or association interested in the objectives of the MBAC should be eligible for membership, under the following provisions:

He/she must be sponsored by a member in good standing.
He/she must be a respected member of the community with a solid business and social reputation.
A duly completed application for membership must be submitted to the Association by the potential member.
The membership application must be accompanied by advance payment of the annual dues, as outlined in Article V of these by-laws.
Section 2 Types of Membership:

Regular Membership can be granted to individuals, corporations and associations and/or organizations.

Honorary Membership may be conferred upon individuals and/or corporations and/or associations or organizations, in recognition of extraordinary or meritorious services to the public or to the Association.

Section 3 Classes of Regular Membership:

Individual: granted to a person interested in the objectives of the Association who has fulfilled the eligibility rules outlined in Article IV, Section 1.

Corporate: granted to a legal entity, interested in the objectives of the Association that has fulfilled the eligibility rules outlined in Article IV, Section 1. A corporate member may designate any two of its directors, officers or employees to represent it at any of the MBAC functions.

Associate Member: a person or a legal entity interested in the objectives of the Association, fulfilling the eligibility requirements of Article IV, Section 1, having its business address outside the Greater Vancouver Regional District.

ARTICLE V

DUES

The annual membership dues shall be determined from time to time by the Board of Directors. All dues should be deemed payable in advance, as of January 1st. of each year. Dues for new members should be payable upon admission, and will be pro-rated to the end of the calendar year in accordance with a payment schedule approved by the Board of Directors.

ARTICLE VI

TERMINATION OF MEMBERSHIP AND RESIGNATION

Application for termination or resignation from the Association must be submitted in writing by the member.

The Board of Directors, by a vote of at least 51% of its members, may suspend or expel temporarily or permanently any member who violates the by-laws of the Association, or whose conduct or business ethics are not in accordance with the standards the Association or normally accepted business practices.

ARTICLE VII

ASSOCIATION'S ASSETS

Assets constitute all acquired furniture and equipment, moneys collected, contributions, donations, books and any other income generated by and for the Association and its activities and services.

ARTICLE VIII

BOARD OF DIRECTORS

Section 1 Composition:

The Board of Directors of the MBAC, hereafter referred to as "The Board" is composed of five elected members, namely President, Vice-President, Secretary, Treasurer and Membership Administrator.

Section 2 Functions:

The Board is to administer the affairs of the MBAC in all aspects. It regulates appointments, functions, duties and the removal of officers. It makes rules as required to regulate the good conduct of the MBAC, not otherwise provided for in these by-laws or in the Act of Incorporation.

Section 3 Term of Office:

The term of office of The Board shall be one calendar year, commencing on January 1st.

Section 4 Election and Re-election:

Elections should take place every year. There will be two ballots: one for the function of President, and one for the remaining Board positions, in accordance with an electoral procedure revised each year by the Board of Directors.

Members of The Board may be reelected for a maximum of two consecutive terms. Elections shall take place at the annual general meeting. The elections will be intended to replace or confirm the members who will constitute the next term's Board of Directors.

Section 5 Remuneration:

The Board shall receive no remuneration for their time, energy and expertise.

Administrative assistance may be remunerated, subject to the Board's approval.

Section 6 Quorum:

Three members of the Board shall constitute a quorum for the purposes of carrying on business matters.

Section 7 Dismissal:

Any director of the Board may be dismissed by a vote by at least three of the other elected members of the Board.

ARTICLE IX

OFFICERS' DUTIES AND RESPONSIBILITIES

President: The President shall preside at all meetings of The MBAC. He/she shall regulate the order of business at such meetings, and receive and put forward lawful motions.

He/she has the power to sign all papers and documents requiring signature on behalf of the Association, unless someone else is duly designated by The Board.

The President shall vote only in case of a tie. His/her vote will be decisive and conclusive.

Vice- President: He/she shall replace the President in all of the functions whenever the President is unable to attend.

The Vice-President shall also perform other duties that usually pertain to that office and assist and advise the President as required.

Secretary: The Secretary is in charge of all internal administration of the MBAC and the good maintenance of administrative records other than those assigned to the Treasurer.

Treasurer: The Treasurer is responsible for accounting, bookkeeping and financial reports. He/she shall submit the Statement of Accounts to the Annual General Meeting and at any other time as requested by The Board.

Past- President: The Past President will be part of The Board, but shall not have a vote. He/she may be the liaison with the pending business, and will bring to The Board all of his/her expertise.

Directors: The Board may create "Director" positions for committees on special purposes and for diverse periods of time. The Directors shall attend The Board's meetings, but do not have voting privileges.

ARTICLE X

GENERAL ASSEMBLY

This represents the highest body of the MBAC. It is called for regular and extraordinary meetings. Assemblies will be held during the year as per needed, with notice of ten working days in advance.

The minimum quorum will be obtained by the presence of 75% of the Board of Directors and at least 10 regular members.

Each assembly should have a written agenda submitted by The Board. The proceedings and minutes of the General Assembly will be signed by the President and three members appointed by the Assembly.

ARTICLE XI

GENERAL ACTIVITIES

These shall be organized under the direction of the Board of Directors.

ARTICLE XII

ATTRIBUTIONS OF THE GENERAL ASSEMBLY AND BOARD OF DIRECTORS

Enforce these by-laws to the best of their abilities.
Publish and screen the contents of publications from The Association.
Execute all agreements of the General Assembly.
Approve the Association's annual budget.
Approve any submitted agreement or request.
Select and control administrative personnel.
Promote the Association's mission and goals.
Control admissions, terminations and resignations.
Concede Power of Attorney as needed to Directors and/or staff.
Select and approve annual events.
Control all the Association's revenues and expenditures.
Periodically inform all members of the Association's financial status.
Any other matter related to their position


ARTICLE XIII

CERTIFICATION AND SIGNATURE OF DOCUMENTS

Any contract, agreement, legal document, budgets and related matters, should be signed by any two members of the Board of Directors. The Directors shall have power from time to time to appoint an Officer on behalf of the MBAC, either to sign contracts, documents or any other instrument.

ARTICLE XIX

SEAL

The seal of the Association, when required, may be affixed to any written document when the Board of Directors considers it appropriate and explicitly approves it.

ARTICLE XX

DISSOLUTION

The form of dissolution of the Association should be approved in an extraordinary meeting by the General Assembly, which should be called specifically for that purpose.

Quorum for the Dissolution General Assembly should be the same as for any General Assembly, as defined in Article X.

51% of the attending votes should be considered a minimum to approve such action. At this time, a liquidation committee should be appointed. All assets (as described in Article VII of these by-laws) or the moneys derived from their liquidation, will be ceded to a social, cultural or scientific institution legally certified in accordance with legal procedures.

ARTICLE XXI

AMENDMENTS TO BY-LAWS

These amendments should be voted by at least 65 % of the members present at any general meeting of the Association, unless otherwise provided by these by-laws

Revised at Vancouver B.C., on January 1st, 1997