I. Name, Headquarters and Purpose

Art. 1

An association in the sense of Art. 60 ff. ZGB exists under the name of “HSG Alumni” which unites the former students of the University of St.Gallen (HSG). The Association shall be headquartered in St.Gallen.

Art. 2

The purpose of the Association is the promotion of the University of St.Gallen, especially in teaching, research and further training beyond the limit achievable with public means. It shall fulfill its purpose inter alia in the following manner: 
1. It shall strengthen the ties of former students among each other and their relations to the university and its students.
2. It shall regularly inform members of activities at the University.
3. It shall work to enhance the quality of the University and preserve the value of its diplomas. 
4. It shall ensure feedback to the University of experience from former students in practice. 
5. It shall promote the education of students and further training of former students by the University, its further training level and its institutes.  
6. It shall encourage its members to create goodwill in society, and in particular in business and politics, for research and teaching. 
7. It shall seek patrons and sponsors and cultivate relations with them. 

Art. 3

In order to fulfill its purpose, the Association may create appropriate organizations and encourage its members to engage in pro bono activity.

II. Membership

Art. 4

Membership may be acquired by:
1. Graduates of the University of St.Gallen
2. Graduates of other universities, if they have been registered at the University of St.Gallen
3. Graduates of post degree diploma
4. Members of the University faculty
5. Persons and institutions which have a special relationship with the University
6. The members undertake to promote the purpose of the Association and to pay annual dues.

Art 5

Honorary membership may be granted to persons and institutions.

III. Organization

Art. 6

The bodies of the Association shall be:
1. The General Meeting
2. The Executive Board
3. The Audit Committee

Art. 7

Every year the Association shall hold a regular General Meeting which shall be authorized to perform the following:
1. Election of the Executive Board, the President and the Audit Committee.
2. Adoption of the annual report and annual accounts.
3. Setting of membership dues.
4. Discussion of proposals to promote the University and the activity of the Association.
5. Taking of decisions on the use of membership dues, in the event that they should exceed the dues of the last adopted annual accounts by one quarter. 
6. Appointment of honorary members. 
7. Taking of decisions on proposals, which have been circulated in writing, to amend the Statutes. 
A special General Meeting shall be called at the decision of the Executive Board or if 100 members request one.

Art. 8

The General Meeting shall take its decisions and conduct its elections by open ballot with a majority of the votes of members present, unless otherwise expressly decided. 
The full or partial amendment of the Statutes may be decided only by a majority of two thirds of the votes cast.  
In elections, in the second round a relative majority shall be sufficient to decide.

Executive Board

Art. 9

The Executive Board of the Association shall consist of the President and at least ten other members, who shall be elected by the General Meeting respectively for terms of three years.  The Rector of the University, the Delegate for Further training and the President of the Student Union shall be invited to the meetings. 
The Executive Board shall constitute the management of the Association; its duties shall include inter alia the following:
1. It shall determine the main focuses of work, define strategies and prepare the budget.
2. It shall determine the use of the Association’s resources, except when that is the responsibility of the General Meeting. 
3. It shall examine proposals to promote the University and forward them with its opinion to the bodies of the University. 
4. It shall prepare amendments to the Statutes and submit corresponding proposals to the General Meeting. 
5. It shall submit to the General Meeting proposals for the appointment of honorary members. 
6. It shall acknowledge outstanding services in the sense of the Association’s purpose. 
7. It may delegate tasks to committees, commissions and organizations.
8. It shall issue the rules for those committees, commissions and organizations. It shall regulate signatory authorization.
9. It shall decide whether to exclude members.

Art. 10

Meetings of the Executive Board shall be convened by the President through written invitation. 
The Executive Board may decide on proposals of the President by correspondence.

Audit Committee

Art. 11

The General Meeting shall elect the Audit Committee for a term of three years. The latter shall annually audit the accounts of the Association and submit a written report to the regular General Meeting.

IV. Financial Maaters

Art.12

The Association’s resources shall consist of:
1. Regular and extraordinary dues of members.
2. Donations of all kinds.
3. The earnings of organizations.
4. The earnings of capital investments and interest.

Art. 13

The Association shall be liable only to the limit of its assets.

Art. 14

The fiscal year of the Association shall be the calendar year.

V. Final Provisions

Art. 15

The Association shall be dissolved by decision of the General Meeting at which at least three fourths of those present vote in favor of the decision; proposals for dissolution shall be made known to the members in writing with the invitation to the General Meeting. 
In the event of dissolution, the entire assets of the Association shall pass as a special fond to the University of St. Gallen.

Art 16

These Statutes shall replace those of 4 June 1999 and shall enter into force immediately. 
On behalf of the General Meeting of 2 June 2000.