EO LAC BRIDGE
bylaws
The Bylaws of our chapter are essential for ensuring that all aspects of administration and governance are handled in a consistent and transparent manner.
Regulation
With well-defined processes, our chapter can operate more efficiently and ensure that decisions are made in a fair and democratic manner.
Clarity
Compliance
Ensuring adherence to standards strengthens governance and the chapter’s ability to operate effectively and securely by mitigating risks.
1. GENERAL & SPECIFIC PURPOSE
General Purpose
The LAC BRIDGE CHAPTER of the Entrepreneurs’ Organization, the first hereinafter referred to as “LAC BRIDGE CHAPTER” and the latter as “EO Global,” is directly affiliated with and serves as an operating Chapter of EO Global. All Chapters agree to abide by all policies and procedures set forth by EO Global.
Specific purposes
The specific purposes of LAC BRIDGE CHAPTER have always been and remain::
1- To operate exclusively for charitable, educational, and scientific purposes. More specifically, LAC BRIDGE CHAPTER is organized for the following purposes, including, without limitation:
a) To provide educational programs, opportunities, resources, and training to its members.
b) To share the mutual interests of improving the skills of the membership through access to educational programs and physical resources in support of their growing enterprises and participating with others that have similar drives, goals, and experiences.
c) To engage leading entrepreneurs to learn and grow.
2- The chapter is a legal entity affiliated with Entrepreneurs’ Organization, organized and operated as a membership association for the not-for-profit purpose of fostering and promoting the growth of entrepreneurship among business owners and any other legally permitted purposes and activities legitimately related to such not-for-profit purposes.
3- The bylaws must state the chapter is not authorized to conduct any activities contrary to the not-for-profit purpose of fostering and promoting the growth of entrepreneurship among business owners.
2 – EO GLOBAL ́S POLICIES AND PROCEDURES
It is mandatory for LAC BRIDGE CHAPTER and its Members to comply with and respect EO Global’s Policies and Procedures, developed by the Board of EO Global to assist local Chapters and Members in interpreting and applying the Code of Conduct, Bylaws, and guiding principles for the Organization. The Policies and Procedures are implemented as the standard by which Members and local Chapters should conduct themselves.
Acceptance process
LAC BRIDGE CHAPTER ́s process for accepting new members is the following:
1- LAC BRIDGE CHAPTER will form an Admissions Committee, from now on called “the committee” composed of the Membership Chair, Membership Co-chair, and current President, which will operate under EO values.
2- The Committee will receive applications via member referral and/or via EO Network, all of whom will be subject to proper Due Diligence to be executed by the Membership Chair and/or Co-chair.
3- The Committee will review the applications; the applicant should receive unanimous approval from the admissions committee to move forward with the process. If unanimous approval can’t be reached, then the case should be elevated to the board for review and voting. The new member should be admitted to the chapter by a board majority vote.
4- Once the Admissions Committee approves the application, the new members’ list should be circulated with the board via WhatsApp; if needed, the board members have 48 hours to present a veto; the Admissions Committee will not consider vetoes presented after 48 hours.
5- A veto will be considered only if the prospect does not adhere to the Core Values of the Organization or has a history of non-respecting other chapters, Global’s bylaws, or code of conduct; vetoes shall be communicated in writing to the Admissions Committee. The Admissions Committee shall discuss the validity of the arguments to veto a prospect with the vetoing member and make a decision.