Governance & Decision Making
EU EYE was founded in 2015 as an international
non-profit association, registered in Belgium with registration number 0643482261 and in the EU Transparency Register under the ID: 221589017973-8
The EU EYE is ruled by
Book 10 of the Belgian Code of Companies and Associations of 23 March 2019 ((BCCA; original term in Dutch: Boek 10 van het Belgisch Wetboek van vennootschappen en verenigingen), as well as the laws and decrees relating to international non-profit associations not-for-profit membership organisation.
What's UBO
The organisation is legally controlled by the natural person(s) registered as Unique Beneficial Owners (UBO) under Belgian law and who exercise control through the Annual General Meeting.
The board of directors consists of the representatives of member organisation who run the organisation in the best interests of member organisations, who are the first tier of government.
Representatives are appointed by their individual societies according to their internal rules and processes.
The sovereign body of the Alliance is the Annual General Meeting (AGM).
The AGM appoints the governing body from among the directors – President, Secretary and Treasurer. The governing body is responsible for the governance of the Alliance.
The board holds up to 2 meetings per year and ad hoc meetings for emerging matters.
The board regularly reviews financial performance and approves budgets and key expenditures; it is accountable to the membership via the annual AGM where financial statements and reports are presented to members for approval.
The Alliance applies internal controls such as budget oversight, segregation of duties, and financial approvals to prevent errors or misuse of funds.
The Alliance is “owned” by its UBOs and operates in their interests.
Funding is obtained through annual membership subscriptions as outlined in EU EYE Code of Conduct.