Meeting #15 of the Board of Directors - 2004-09-27

Note: this is a translation from the Spanish. The Spanish version is the authoritative one.

The meeting of the Board of Directors was called to order at 10:30 a.m.

Present were:

The minutes of the Annual General Meeting held September 14th, 2004 were read out. There were some corrections and they were approved unanimously.

The Treasurer reported that there was nothing new, except that 53.800 colones was converted to dollars, yielding $120 and that was transferred to the dollar account of the ARNB.

She received a request from Bruce Zuckerman for more details on the Treasurer's report. The Fiscal, Lilia Castelán de Lara, replied that the report had already been discussed in the Ordinary General Assembly #4, had been approved by the majority, and at that time he should have asked questions.

The Vice President, John Goold, suggested that this time and as a courtesy, she send him the details of the two games for which he requested information, adding a note that this will not be repeated, as after approval of a report, one cannot ask for more details. It was approved unanimously that the Treasurer send the notification discussed.

The Vice President, John Goold, suggested that one or two weeks prior to the Annual General Meeting that the Treasurer's report be posted on the ARNB web page so that members can present their questions during the Meeting. The Treasurer, Frederika Houtkooper, suggested she make these every six months and this was approved unanimously.

It was suggested that we call Garrett and Associates, or Barry Wilson, to consult them about the amount of the INS "Póliza de Fidelidad" to cover the Treasurer.

The formation of a Conduct and Ethics Committee was discussed. It was agreed that the members would be John Goold, Chairman, he will ask Amalia Meltzer, and Eduardo Piza. John Goold will investigate what the committee will be responsible for and how it will function.

All agreed that the regular meetings of the Junta Directiva will be held at 10:00 AM on the last Monday of each month at Club Tres Sin Triunfo.

John Goold proposed posting the minutes of the General Meetings and of the Junta Directiva on the ARNB web site. He indicated that, clearly, the minutes of closed sessions (or parts of a meeting that were closed) would not be posted. This was approved unanimously.

The meeting ended at 11:15 a.m.