About

Governance

The Supervisory Board oversees the overall management of BFF and ensures that all activities align with our mission and values.

Its core responsibilities include:

• Setting strategic direction, approving policies, and establishing key operational guidelines
• Appointing and overseeing the Board of Directors who manage and represent BFF
• Reviewing and approving annual statutory and consolidated financial reports

Through transparent, values-driven leadership, our Supervisory Board ensures BFF remains accountable, resilient, and community-focused.

Governance & Oversight

The Supervisory Board is the foundation's highest oversight body.

It ensures that the BFFoundation remains faithful to its mission, maintains its charitable and non-profit character, and upholds the community principles on which it was founded.

The Supervisory Board is responsible for the foundation's long-term strategic direction and compliance with all legal and regulatory frameworks.

Core Responsibilities

The Supervisory Board has the authority to decide on the following matters:

• Appointment, removal, and dismissal of members of the Board of Directors
• Approval of the annual budget
• Appointment of the external auditor and approval of the audited financial statements
• Discharge of the Board of Directors from liability
• Approval of legal transactions involving Board members and the foundation or its affiliated entities, except for routine matters

Additionally, prior approval is required for:

• Acquisition, transfer, or closure of major social service facilities
• Taking out loans or entering obligations that significantly impact foundation assets
• Purchase, sale, or mortgaging of real estate
• Acceptance of conditional gifts or donations
• Establishing or dissolving subsidiaries or acquiring interests in other legal entities
• Changes to founding statutes or ownership structures of subsidiaries
• Legal transactions that may risk the foundation's key assets

The Supervisory Board may also issue general exemptions from these requirements for routine matters.

Supervisory Board Meetings

• Convened at least 3 times a year by the Chairperson (with two weeks' written notice)
• Can be called upon request by three members, the Council of Elders, or the Board of Directors
• Quorum: At least half of members must be present
• Voting: Secret ballot; resolutions require a majority of present members or total members in case of circular vote
• Minutes: All meetings are recorded, signed by the Chairperson and the minute-taker, and shared with both boards

Members must recuse themselves from votes in which they have a conflict of interest.

Relationship Between Boards

The Board of Directors and Supervisory Board cooperate in good faith.

The Board of Directors is obligated to:

• Keep the Supervisory Board informed on all important developments
• Submit an annual report including the financial statement, budget, and activity summary

Supervisory Board members may attend Board of Directors meetings but may not vote on matters concerning themselves or affiliated organizations.

The Chairperson of the Supervisory Board legally represents the foundation in its dealings with the Board of Directors.

Foundation Oversight and Ethical Governance

The Supervisory Board ensures:

• Compliance with legal and statutory duties
• Financial prudence and conservation of foundation assets
• Continued alignment with Christian values and mission
• Accountability in all foundation operations and partnerships

The board may review all books, records, and operations, and may engage external auditors or experts to verify compliance and impact.