Terms and Conditions of Use

 

Chapter 1 General Provisions

Article 1: Name and Location

This association shall be called the Georgia Atlanta Beauty Supply Association (GABSA) and its headquarters shall be located in Georgia.

Article 2: Purpose of this association

  1. Promoting friendship and exchanging business information among members
  2. Increasing profits through joint research on purchasing and sales strategies for goods
  3. Enhancing member rights and preventing disadvantages
  4. Promoting cooperation and friendship with other organizations

* This association is a non-profit organization for the purposes stated in Article 2 above.

Chapter 2 Members

Article 1: Membership Qualifications, Rights, and Obligations

  1. Membership Qualifications
  2. Membership of this Association is limited to those who run beauty supply retail stores in the eight southeastern states including Georgia and must be officially registered as a beauty supply retail store with the relevant jurisdictional agency.

* Eight southeastern states: Georgia, South Carolina, North Carolina, Tennessee, Mississippi, Alabama, Florida, Louisiana.

  1. Must be a store that has submitted a membership application form and paid the membership fee set by this Association.
  2. The association fee is renewed annually, and the membership fee is announced by the senior vice president. Those who pay the annual membership fee by the end of February of the following year are recognized as regular members.

* Members who do not pay their membership fees may be disadvantaged in participating in various events and group purchases hosted by the association.

  1. new members are granted membership 2 months after the date of payment of membership fees.
  2. Businesses where beauty supply products account for 70% or more of the total products displayed or businesses where beauty products account for more than 2/3 of the exclusive area.
  3. In the case of selling or transferring a business as a member, membership is maintained for up to 6 months, and membership is lost if business is not resumed within 6 months.
  4. Businesses that maintain their dignity as members and faithfully fulfill their obligations.

Businesses that are judged to be likely to cause trouble to existing member businesses may be denied membership.

  1. 2. Membership Rights
  2. A. All members have the right to attend and vote at the general meeting.
  3. B. In the absence or loss of function of the association’s executives (including the president), all members have the right to be elected as directors, officers, and chairpersons in accordance with these Articles of Association.
  4. C. All members may express their opinions on the operation of this meeting in the association’s publications and suggest necessary measures to the chairperson.
  5. D. All members may use the association’s facilities, when necessary, in connection with the operation of this meeting.
  1. Membership Obligations
  2. All members must comply with the bylaws of this Association and pay the prescribed membership fees.
  3. All members must comply with the resolutions of the general meeting and the board of directors and actively participate in the projects and events hosted by this Association.
  4. All members must make sound suggestions and provide helpful services for the development of this Association and must not cause unnecessary discord or cause harm to this Association by criticizing or slandering members.

 

Article 2: Loss of Membership Qualifications

Membership qualifications are lost in the following cases:

  1. When there is a change in the qualification requirements for membership stipulated in Article 1, Paragraph 1
  2. When a member voluntarily withdraws from the membership
  3. When expelled by a resolution of the Board of Directors

However, in the case of expulsion by the Board of Directors, the attendance of more than half of the incumbent directors and the approval of more than 2/3 of the attending directors are required.

  1. When a member is absent from the general meeting for more than 3 consecutive times and fails to pay the membership fee (A member who fails to pay the membership fee is treated as an associate member, but all rights as a regular member are suspended.)
  2. A person who violates the Articles of Association and causes trouble to the Association

Article 3: Honorary Members

  1. Honorary members are those who work in a beauty supply-related occupation in Georgia and those who operate beauty supply retail stores in other states (seven states in the southeast) and are deemed necessary for the development of the association.
  2. More than half of the incumbent directors are present and more than 2/3 of the directors present are in favor and appointed.
  3. The term of office for honorary members is 2 years and can be extended.
  4. Honorary members are treated similarly to directors and can attend board meetings as needed.

However, they cannot exercise voting rights when voting on various matters.

  1. Upon the recommendation of the association president, honorary members may operate a temporary TFT (beauty show, charity event, sports event, etc.) with the full-time chairman, standing directors, etc. through a resolution of the executive committee. The continuation of this organization is decided by the president through an executive meeting.

Article 4: Member Protection

  1. The Association shall protect the members’ territory as a principle.
  2. The distance regulation for business establishments shall be nominally 1 mile.
  3. We encourage anyone to approach within 1 mile of a member’s place of business and conduct business, but separate standards shall be applied to changes in the times, the enlargement of shopping malls, and the emergence of hostile non-association businesses.
  4. In the event of a) violation, the Association shall take all possible sanctions to help the victimized member as well as assist the victimized member.
  5. Definition of 1 mile: Door to Door.
  6. Businesses within an Indoor Shopping Mall are excluded from the 1-mile regulation.

Chapter 3 Organization and Officers

This association is composed of the General Assembly and Board of Directors as the decision-making bodies and the Executive Committee as the executive body, and the Chairman of the General Assembly concurrently serves as the Chairman of the Executive Committee.

 

Article 1 General Meeting

  1. The general meeting is divided into a regular general meeting and a special general meeting. The regular general meeting is convened once a year in December, and a special general meeting may be convened by the consent of more than half of the directors in office or by the chairman when necessary.
  2. The authority of the general meeting is as follows.
  3. Approval of the chairman and officers recommended by the board of directors
  4. Enactment and revision of the articles of association
  5. Deliberation and resolution of the budget
  6. Resolution of other major matters related to the operation and business of the association
  7. Resolutions of the general meeting shall be made by the attendance of the members and by the consent of more than half of the members. In the event of a tie, the chairman shall make the decision.
  8. Re-revision of the articles of association, budget, business, and event resolutions, etc. shall be decided by the officer in charge in accordance with the attached association organization chart and shall be decided by the approval of the general meeting committee members and the resolution of the chairman.
  9. Delegation of authority: If the chairman and officers are unable to handle the relevant work, the authority may be delegated according to the decision of the chairman and the board of directors. 

Article 2 Board of Directors.

  1. Composition of the Board of Directors
  2. The Board of Directors shall be limited to those who have served as officers of the Association in the current year and shall be limited to all officers including the Association President.
  3. Election and Term of Office of Directors
  4. Election of Directors

1) Qualifications for new directors shall be limited to those who have operated a beauty supply store in the eight states of the Southeast for more than two consecutive years and have maintained their membership in the Association for more than two years.

2) Election shall be made upon recommendation of the Association’s officers, with the approval of the President, with the attendance of more than half of the incumbent directors and the approval of more than two-thirds of the attending directors.

3) Restrictions on the Election of Officers

The positions of President, Senior Vice President, and Chairman of the Board of Directors shall not be held by members located outside of Georgia.

This is expected to hinder the smooth operation of the Association in the event of an emergency, public relations work, or legal issues due to the accessibility of the officers. In addition, as the Association is based in Georgia, the election of the above officers shall be limited to members located in Georgia.

  1. The term of office of a director is 2 years and may be extended. The chairman shall decide upon the extension through the board of directors.
  2. The term of office of a director shall be until the regular general meeting held in December of each year, which is the expiration date of the term of office of the relevant year, regardless of the date of election.
  3. If a director is absent from two or more consecutive regular board meetings without a justifiable reason, the director shall lose his/her position by a resolution of more than 2/3 of the attending directors.
  4. Election and term of office of the chairman
  5. The chairman of the board shall be elected by a majority of the attending directors and a majority of the attending directors, recommended by the new chairman.
  6. The term of office of the chairman of the board of directors shall be 2 years and may be extended.
  7. The chairman of the board of directors shall serve as the chairman of the board of directors.
  8. Duties and authority of the chairman of the board.
  9. Deliberation and execution of plans for all matters related to the operation and business of the association.
  10. Deliberation on revision of the Articles of Association and enactment of bylaws in accordance with the Articles of Association, resolution of provisional proposals.
  11. A vice-chairman may be appointed with the consent of more than 2/3 of the directors attending the board meeting.
  12. Classification and Convocation of the Board of Directors

The Board of Directors is divided into regular and temporary board meetings.

  1. Regular board meetings are held four times a year in March, June, September, and December in principle, but may be changed depending on circumstances.
  2. All board meetings are convened by the Chairman of the Board with the approval of the Chairman, as needed, and may be convened by the Vice Chairman or the Chairman in the event of the Chairman’s absence.
  3. All board of directors’ meetings shall be convened 7 days prior to the meeting via SNS or in writing but may be convened orally for convenience.
  4. Board of directors’ resolutions

All board of directors’ resolutions shall be resolved by the attendance of more than half of the incumbent directors and the approval of more than half of the attending directors, unless there is an exception provision (the chairperson shall not vote). In the event of a tie, the chairperson shall decide. 

Article 3: Composition of the Association’s Executive Officers

  1. Composition
  2. Chairman: 1 person
  3. Senior Vice Chairman: 1 person
  4. Vice Chairman: 2 persons
  5. Director: 1 person
  6. Director: 1 person
  7. There is no limit to the number of directors of the Association, but the Chairman makes the final decision through a resolution of the executive officers within the scope of sound operation of the council and absence of work vacuum.
  1. Article 4: Election of the Chairman
  2. 1. The Chairman of this Association shall be a person who has paid membership dues for more than 4 consecutive years and has no problems with membership qualifications, and shall be recommended by at least 3 members, elected with the attendance of more than half of the incumbent directors and the approval of more than 2/3 of the attending directors, and shall be approved at the general meeting.
  3. A. Absentee voting (or early voting) and proxy voting are not permitted.
  4. B. Indirect voting by the Association’s Board of Directors shall be the basic method, and if the Association fails to function properly or if a majority of the Board of Directors objects, a direct vote may be conducted targeting Association members.
  1. The Election Management Committee shall be established prior to September 30th of the year in which the term of office of the Chairman expires, and the Election Management Committee Chairperson shall be elected by a majority vote of at least 2/3 of the attending directors and shall exercise his/her responsibilities and authority until the end of the election.
  2. Election Management Committee Chairperson.
  3. In the case of a sole candidate, the Board of Directors shall recommend or select the chairperson.
  4. In the case of multiple candidates, the chairperson shall be selected as a standing advisor or honorary member without voting rights.
  5. Up to two Election Management Committee members may be appointed, and Articles “A” and “B” shall apply depending on the number of candidates.
  6. The election management committee must remain neutral, and if more than half of the officers in office object to the neutrality, the election management committee chairperson may be dismissed.
  7. If no candidate receives more than 2/3 of the votes in the first and second rounds of voting for the chairman, a runoff election will be held between the top two candidates in the second round, and the candidate with the most votes will be elected. In the case of a sole candidate, the election will be held with the attendance of more than half of the incumbent directors and the approval of more than 2/3 of the attending directors.
  8. The election and announcement of the chairman will be made immediately after the election, and will be exposed to the association’s SNS and, if necessary, the media.
  9. Handover of duties between the new and old executive committees.
  10. The transfer of duties between the new and old executive boards must end with the end of the previous president’s term (year-end general meeting, year-end party), but since the Beauty Show, the biggest event of the Beauty Association, is expected to be held in the first quarter of the following year, a gap in work is expected, so the following regulations are applied.

1) Within 30 days of being elected as the new president, a report must be submitted in the form of approval from the finance director or auditor regarding ongoing work, pending work, current year’s financial status, and financial status, and within 60 days, the executive in charge of the work must hand over official documents, documents, drafts, membership list, and address book created during the term of the previous president in print or file form.

2) The legal responsibilities for the operation and finances of the association are distinguished through the preparation of a certificate of handover by the president (form attached), and the previous president is responsible for any falsification or fault in the certificate of handover.

3) The new president must announce and report the certificate of handover and the report of handover to all executives through the board of directors and obtain the approval of the board of directors. 4) Work that arises after the election of a new chairman must be organically discussed and coordinated with the new chairman. If there is insufficient cooperation between the new and old chairman or if the former chairman dereliction of duty occurs, the chairman’s authority may be transferred early with the consent of the board of directors. 5) Banking transactions and all accounting approval rights must be transferred to the new chairman by the Friday immediately prior to the new chairman’s inauguration.

  1. Article 5: Election of Officers
  2. The officers listed in Article 3 are appointed by the recommendation of the Chairman, with the attendance of more than half of the incumbent directors and the approval of more than 2/3 of the attending directors.
  3.  
  4. Article 6: Term of Office of Officers
  5. The term of office of officers is in principle 2 years, and the recommendation of the Chairman is required for reappointment.
  6.  
  7. Article 7: Duties and Authority of Officers
  8. The elected officers form the Board of Directors and are responsible for the following duties:
  9. 1. Chairman: The Chairman represents the Association externally and oversees the execution of all budgets and business plans approved by the General Assembly internally.
  1. Senior Vice President: Assists the President and, in the event of the President’s absence, the Senior Vice President and Vice Presidents shall succeed to the position of President in that order.
  2. Chairman: Oversees the writing of internal and external official documents and plays a political role in the operation of the Association.
  3. Vice President: Oversees the overall management of the work of multiple directors and assists the President.
  4. Other The names, authority, and work of the executives in charge of the work shall follow the attached organizational chart and work division table, and work may be flexibly consolidated and merged through the executive meeting depending on the supply and demand situation of the executives and their work tendencies and abilities.
  5. When dividing the work of the executives (including the president), the major work such as planning, finance, personnel, and management shall be distributed so that internal checks can be made on the operation of the Association.
  6. The organization chart of the Association’s officers and employees shall be posted in print to the Association.

 

  1. Article 8: Audit
  2. 1. The auditor shall be one or more persons recommended by the Board of Directors and appointed by the General Meeting.
  3. 2. The term of office of the auditor shall be two years and may be extended.
  4. 3. Audit duties: The auditor shall audit the Association’s financial and budget execution accounting and submit the results to the General Meeting.
  5. 4. If there are any matters requiring correction in the audit results, the auditor shall notify the Chairman and propose them as formal agenda items to the Board of Directors.
  6. 5. The auditor shall mean an external auditor and shall not have any say in the Board of Directors’ policy decisions or the Association’s operations and shall not have voting rights.
  1. Replacement of auditors.
  2. When the auditor lacks qualifications or neglects audit duties.
  3. When involved in the operation and policies of the association or fails to maintain neutrality.
  4. When violating the qualifications of members specified in Article 1 of Chapter 2.
  5. Replacement is decided by a majority vote of the executive committee, and the next auditor is elected so that there is no gap in audit duties when replaced.

 

Article 9: Standing Advisors and Advisors

  1. Election and Term
  2. The current president may recommend and select former presidents and honorary members through the board of directors and share know-how and opinions for the development and prosperity of the association.
  3. The term of office of the standing advisor is two years, and may be extended along with the president, but this is not mandatory.
  4. Advisors are elected upon the recommendation of the president, with the attendance of most incumbent directors, and with the approval of a majority of attending directors.
  5. Advisors are not granted the qualifications and authority of directors.
  6. Standing advisors and advisors may not be involved in the administration and finances of the association and may be revoked at an executive meeting regardless of the term of office if there is discord with the board of directors or if the conditions of membership are violated.
  7. Standing advisors and advisors shall closely monitor the activities of the association, identify problems in various matters, and provide advice for the development of the association.
  1. Chapter 4 Finance
  2. Article 1 General Assembly Finance
  3. 1. The General Assembly’s fiscal year shall be from December 1 to November 30 of the following year.
  4. 2. The annual financial statements for the year shall be reported in writing at the regular general meeting.
  1. 5. The finances of this association shall be procured as follows:
  2.  
  3. a. Membership fees set by this association
  4. b. Special membership fees
  5. c. Donations, support funds
  6. d. Income from this association’s business (beauty shows, miscellaneous goods show, sports events, etc.)
  7. e. Group purchase revenue
  8. f. other revenue events and activities under the name of the association.
  9. (a) Protest membership fees and b. Protest special membership fees shall be determined in the supplementary provisions
  10. 4. Paid members may be appointed for the operation of this association.
  11. 5. Management of finances.
  12. a. Monthly fund execution management shall be conducted by the office manager and reported to the finance director and the president.
  13. b. Quarterly or semi-annual fund execution management shall be conducted by the finance director and reported through the board of directors.
  14. c. In case of financial weakness or financial problems, measures shall be taken through an emergency board of directors meeting.
  15. c. The annual fund execution plan shall be prepared within the first quarter of each year and approved by the president through the board of directors meeting.
  16. d. The annual fund execution status shall be announced at the 4th quarter board of directors meeting.
  17. Ma. The operation of the finances is initiated by the chairman and executed through a resolution of 2/3 of the board of directors.
  1. Event Proceeds Management
  2. Event proceeds are collected and managed by selected personnel under the approval of the Chairman, and do not need to be members of the Board of Directors.
  3. Proceeds settlement must be reported to the Board of Directors within one week of the event by writing a report, and the Chairman shall submit the final profit and loss report.
  1. Chapter 5 Revision of the Bylaws
  2. 1. The revision of the Bylaws shall be initiated by the Director in charge of Political Affairs or the Chairman of the Board of Directors with the consent of the Chairman and the Board of Directors and shall be confirmed by a resolution of 2/3 of the officers in office.
  3. 2. When revising or amending the Bylaws, REV. NO shall be stated at the end of the Bylaws.
  4. 3. The Bylaws shall be managed in printed form, and only materials signed by the Chairman and the Chairman of the Board shall have legal effect.
  5. 4. In the event of revisions related to members, the members shall be notified.
  6. 5. The Association Bylaws shall be kept in the Association office in the latest revised version, and all members may view them.
  7. 6. Anyone who arbitrarily modifies or alters the Bylaws shall be legally liable for forgery of private documents.
  1. Chapter 6 Supplementary Provisions
  2. Matters not specified above shall be determined by supplementary provisions.
  3. 1. Language: Korean shall be used in principle at all meetings, and English shall be given priority in legal interpretation.
  4. 2. For the condolence of members, up to $300.00 shall be paid as association dues. However, if additional expenditure is necessary, they shall be decided at the executive meeting.
  5. 3. Monthly newsletter (Beauty Life): The publication of the newsletter shall be decided through the association finance and executive meeting.
  6. 4. Advisory attorney: An advisory attorney may be appointed to protect the rights and interests of members of this association.
  1. The annual membership fee for this association shall be set at $120.00. Members who are elected as directors and officers shall pay a special membership fee of at least $120.00 per year in addition to the annual membership fee. Even if there are multiple business locations, no additional annual membership fee shall be charged, and all rights and privileges as a member shall be recognized for only one business location.
  2. If measures at the association level are required for an unexpected matter, the decision shall be made at the executive board meeting first and then ratified by the board of directors.
  3. (Reappointment) The chairman, chairman of the board, and auditor may be reappointed only once.
  4. (Quorum) The general meeting and board of directors shall be comprised of members in attendance, and those who are absent shall be excluded from membership.
  5. When necessary for the operation of the association, the chairman may establish and operate a special committee with the consent of 2/3 of the incumbent directors and exercise authority therefor.
  6. The special committee shall have limited voting rights regarding the operation of the association and shall not have voting rights. 13. The amendment of the bylaws of the general meeting may be changed with the approval of more than 2/3 of the directors in office and must be approved by the general meeting.
  7. To smoothly proceed with major events, the chairman may use special business promotion expenses of up to $4,000 per year without separate documentation.

__________________________________         __________________________________

Georgia Atlanta Beauty Association President Lee Kang-ha, Chairman of the Bylaws Revision Committee Jeon Seong-cheol

– REV. 0. 2017.6.05

– REV. 1. 2021.12.12.:

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