SECTION A. OFFICERS, MEETINGS, CONFERENCES OF THE AHEPA BOARD 

1. OFFICERS: 

The members of the AHEPA Board each year shall elect a Chairman, a Vice Chairman and a Secretary, except that the Supreme President and the Supreme Vice President shall not be eligible to serve as Officers of the AHEPA Board.

2. MEETINGS: 

The AHEPA Board shall meet at the call of the Chairman or any four (4) members of the AHEPA Board, provided however that in the event of an emergency or for any matter of significant urgency or magnitude affecting the integrity, welfare or wellbeing of the AHEPA, the AHEPA Board may take action by recorded telephonic conference call. The result of any vote taken during, such conference shall be recorded and placed in the minutes of the next meeting of the AHEPA Board.

3. QUORUM:

In all meetings or conferences of the AHEPA Board, a quorum for the transaction of all business shall consist of a majority of the members of the AHEPA Board.

SECTION B. AHEPA BOARD APPOINTED COMMITTEES 

The AHEPA Board shall appoint the Board Nominating Committee (described in Article 18, Section B of the AHEPA CONSTITUTION) and such other committees as it deems appropriate to properly perform its duties and responsibilities. Each committee shall prepare and submit to the AHEPA Board recommendations and reports pertaining to the duties assigned to it by the AHEPA Board. A committee may call upon knowledgeable persons to advise it in the performance of its duties.

SECTION C. MINIMUM QUALIFICATIONS OF ANY MEMBER TO BE ELECTED TO THE AHEPA BOARD OF TRUSTEES 

Beginning after the 2005 Supreme Convention, no one can run for the Board of Trustees, or be elected to serve on the AHEPA Board of Trustees (or be appointed to fill a vacancy), unless he is bondable and meets at least one (1) of the following criteria and qualifications:

1. Has served as Chief Executive Officer, Chief Operating Officer, Chief Administrative Officer, Chief Financial Officer, Controller or equivalent financial officer of a business;

2. Is a Certified Public Accountant or has equivalent accounting experience;

3. Has received a Masters Degree in Business Administration, LLM or similar graduate business degree or has equivalent real world experience;

4. Is an experienced asset manager or investment advisor. The qualifications and financial experience of each candidate for the Board of Trustees shall be circulated to the Delegates to the Supreme Convention prior to the election of the Board of Trustees so that the Delegates may, elect the most qualified candidates from among all of those running for that office