Resolution of the Standing Commission on the Administration of the Appenzell Innerrhoden Art Foundation

1. Organs of the Foundation are

a) the Board of Trustees, consisting of at least three members;

b) the Secretariat;

c) the National Accounting Department.

1. The term of office of the Board of Trustees is one year.

2. The members may be re-elected.

3. Members of the Board of Trustees are excluded from any funding measures of the Innerrhoder Art Foundation during their term of office.

1. The Board of Trustees is quorate when the majority of its members are present.

2. The Board of Trustees makes decisions by a simple majority of votes cast. In the event of a tie, the President's vote counts twice.

3. The Board of Trustees meets at least twice a year at the President's discretion. It must also be convened if requested by two members.

1. The Board of Trustees determines the authorized signatories as well as the mode of signing.

1. The Foundation Board

a) Approves the annual report and the financial statements and submits them to the Cantonal Government for consideration by the Grand Council;

b) Adopts the budget;

c) Decides, within the framework of the budget, on the use of free funds in accordance with Article 2 of the Law on the Establishment of the Innerrhoder Art Foundation.

1. The management of the foundation's assets and income, as well as the accounting, shall be carried out by the state accounting department according to the instructions of the foundation's board.

1. The foundation's accounts must be periodically audited by the auditing body responsible for reviewing the state accounts.

1. The Department of Culture serves as the secretariat of the Board of Trustees.

1. This resolution comes into effect following approval by the Council of State.