Chapter 5meetings

Article 22 General Assembly
The general assembly shall be comprised of the officers and the representatives of the IFS Athletes' Commission at least one time in two years, and be convened by the President once per year.
Article 23 Board of Directors
  1. The Board of Directors is comprised of the President, Vice-Presidents, Secretary General , Directors and the representative(s) of the IFS Athletes' Commission. That shall comprise at the time as a general rule once a year (in the year in which the General Assembly will be held) The meeting of the Board of Directors shall be convened once per year by the President.
  2. The President may also call an emergency meeting of the Board of Directors when there has been a request from the Board of Executive Directors or it is deemed necessary for other reasons.
Article 24 Items of Resolution for the Board of Directors
The Board of Directors shall decide upon the following items in addition to those specified in these rules.
(1) Issues on activities plans and budget of income and expenditure
(2) Issues on activities reports and settlement of accounts
(3) Other issues in IFS affairs
Article 25 Board of Executive Directors
  1. The Board of Executive Directors is comprised of the President, Vice-Presidents, Secretary General , Executive Directors and the representative(s) of the IFS Athletes' Commission , and shall be convened by the President as required.
  2. The Board of Executive Directors shall deliberate upon important issues in IFS affairs.
Article 26 Chairperson of Meetings
The chairperson of meetings shall be performed by the President.
Article 27 Quorum and Decisions
  1. Meetings of the Board of Directors may not proceed and resolve unless at least one half (1/2) of its members are present. However, those that express their opinion regarding the applicable issues in writing in advance are considered as being present.
  2. Proceedings of the Board of Directors shall be decided with a majority of those present. In the case of a tie, the chairperson shall decide the issue.
Article 28 Minutes
Minutes shall be kept for all meetings, and must be signed by the meetings' chairperson and two (2) representatives of those in attendance before being stored.

Chapter 6Assets and Accounts

Article 29 Assets
The assets of the IFS are as follows.
(1) Properties included in the list of properties at the time of foundation
(2) Revenue resulting from assets
(3) Membership fees and annual fees from member organizations
(4) Annual fees from the officers
(5) Business revenue
(6) Revenue from broadcasting rights and advertising
(7) Official judge authorization fees
(8) Grading fees
(9) Other revenues
Article 30 Asset Management
The assets of the IFS shall be managed by the President. The method of managing the assets shall be determined by the resolution of the Board of Directors.
Article 31 Fiscal Year
The fiscal year of the IFS shall begin on 1 April and end on 31 March every year.