From the Governing Body Commission of the International Society for Krishna Consciousness
(Editor’s note: This is the 305 of the 2014 GBC resolutions. You can find the Minutes Of The 2014 Annual General Meeting in our archives section or directly here)
Whereas Srila Prabhupada wanted a high standard of legal, regulatory and accounting compliance in ISKCON with the aim of protecting the properties, preventing lawsuits, maintaining standards, etc.;
Whereas the GBC wishes all leaders to collaborate and communicate timely with the Division of Legal, Accounting, and Regulatory Compliance
RESOLVED:
The GBC Division of Legal, Accounting, and Regulatory Compliance is hereby established; the Division shall report to the Executive Secretariat.
The Compliance Division is authorized to request and receive legal and financial documentation from all over the world and all managers must make every effort to provide any information the Division may request in regard to the National Councils, projects, centers, etc. under their management—subject to the discretion of the GBC Zonal Secretary/ies.
Within their zones, the GBC Zonal Secretaries are responsible to ensure the gathering of the data and documents as required by the Compliance Division. To facilitate this task, they are encouraged to identify and establish, for each country in their zone, a Compliance contact person, who will contact project officers, board of directors’ members, etc. to obtain data and documents. The Compliance contact person shall upload information to the Compliance website and provide updates as needed, at least annually.
Twice a year, before the AGM and midterm meetings, the Compliance Division Director shall submit to the GBC reports on national and local performance in regard to:
Corporate-bylaws
BoD succession provisions
Oaths of Allegiance for all project leaders
Property Trustee System (PTS) and other forms of property protection systems
Intellectual Property such as trademarks, etc
Other relevant information
Such reports will be provided also to each GBC zonal secretary for their confirmation of the reports’ accuracy.
The Compliance Division shall ensure confidentiality and protection of the data.