Governance Statement, June 2022
Stichting Ukrainian Victims of War (“the Foundation”) is a Dutch foundation established in 2022. Its objective is (among other things) to represent the interests of (former) residents of Ukraine who have become victims of the war illegally initiated by the Russian Federation on the soil of Ukraine.
The 2019 Claims Code includes 7 principles that provide safeguards for individuals wishing to join the Foundation. The Foundation supports the code.
The Board of Directors of the Foundation is responsible for the governance structure and compliance with the Claims Code 2019. With this statement, the Board of Directors accounts for its governance to the Foundation's constituency. This statement describes how the Foundation complies with the 7 principles. In cases where the Foundation does not comply with these principles, this will be explained. This statement will be published on the website of the Foundation.
Currently, the Foundation does not have a Supervisory Board. Nevertheless the Foundation expects to be able to appoint a Supervisory Board in the future . The Board of Directors is already looking for potential candidates to join the Supervisory Board.
In the event that the Foundation intends to make changes to its governance structure or gives a different interpretation to compliance with the Claims Code 2019, this statement will be amended. This will first be submitted to the Supervisory Board (if appointed).
The Foundation acts in the collective interest, it has no profit motive in carrying out its activities. The members of the Board of Directors do not receive any remuneration. In accordance with the Claim Code 2019, the Foundation's bylaws include a two-signature system with regard to the Board’s power of representation.
The bylaws state that any surplus in the event of the dissolution of the Foundation shall be allocated to a purpose that is as much as possible in accordance with the purpose of the Foundation, this will benefit the Foundation’s participants.
The Foundation is not financed by any external funder. The Foundation operates on the basis of donations and favors.
Within the Board of Directors there are no close family or similar relationships. The Board of Directors is formed by persons who are part of the constituency of the Foundation, they have no conflicting interests that may give rise to doubts about their independent or critical functioning. With the exception of the participation agreement, the Foundation does not enter into agreements with parties involving a member of the Board of Directors (or close relatives).
If a Supervisory Board is appointed, the Board of Directors will ensure that the above also applies to the members of the Supervisory Board.
The Board of Directors is formed by three members.
The Board of Directors is structured in such a way that it has specific knowledge to achieve the statutory objective. The Board of Directors is assisted by experts, so that they can make responsible decisions on complex issues. All board members have legal and financial knowledge and experience. A resume of the members of the Board can be found on the Foundation's website.
In accordance with the Claim Code 2019, the power of representation also accrues to two members of the Board of Directors jointly.
If a Supervisory Board has been appointed, it will be stipulated that the financial reports, if applicable, will be submitted by the Board to the Supervisory Board for approval. It will also be stipulated that important Board decisions will be submitted to the Supervisory Board.
The Board of Directors keeps the website of the Foundation up and running. On it you can find information about the Foundation, its activities and the legal proceedings.
The members of the Board of Directors do not receive any remuneration.
The Foundation does not currently have a Supervisory Board. This is due to the urgency of the matter to act. As the Foundation progresses a Supervisory Board will be appointed. If one is appointed, this statement will be amended in accordance with Principle I.