Rules and Guidelines
Rules of Kapital ry
Please note, that the official rules of the association are in Finnish. You can find the official rules in Finnish as a .pdf at the bottom of this page.
1 § NAME, DOMICILE AND LANGUAGE OF THE ASSOCIATION
In these rules the Association is referred to as a Guild.
The name of the Guild is Kapital ry and the domicile of the Guild is Lahti.
The official language of the Guild is Finnish.
The Guild may use the informal name Kapital.
2 § PURPOSE AND NATURE OF ACTIVITIES
The purpose of the Guild Kapital ry is to unite students of Industrial Engineering and
Management at the LUT University on the Lahti campus, to promote their interests at the
University and in the professional communities. To cooperate with the Student Union of LUT
University in order to improve the social and societal status of students and work on educational
policy issues in order to improve teaching at the LUT University, and to raise interest in these
issues among students. The Guild maintains a healthy teekkari spirit and develops the field of
Industrial Engineering and Management.
3 § IMPLEMENTATION AND SUPPORT OF THE PURPOSE
In order to achieve its purpose, the Guild shall:
- Organize meetings, student events and study trips.
- Organize study and information events relating to studies, the University, university policy and
current social issues. - Manage information activities and distribute material on the Guild’s activities to its members.
- Support members in matters relating to the University and student culture.
- Maintain contact and organize joint events with the field’s organizations, old members of the
Guild, and alumni.
To support its activities, the Guild may charge membership fees, obtain rights in its name, and
raise funds through raffles and fundraisers. The Guild may also own real estate, receive
repossessions and donations.
4 § MEMBERS
The members of the Guild shall be full, external, supporting and honorary members.
Any natural person in good standing who has paid the Guild’s membership fee and is currently
studying Industrial Engineering and Management in LUT University may be admitted as a full
member.
A member shall be expelled or may be made into an external member upon completion of a
degree at LUT University.
Upon application, a person interested in the activities of the Guild who cannot be accepted as a full member may be accepted as an external member.
A legal entity or a natural person who wishes to support the activities of the Guild but does not
participate in them may be accepted as a supporting member. The Board accepts members on
application.
The Guild may invite, to become an honorary member, a person who has distinguished
themselves in the activities of the Guild or who has otherwise contributed in a special way to its efforts, provided that at least 2/3 of those present at the General Meeting support the invitation.
5 § RESIGNATION AND EXPULSION OF A MEMBER
A member has the right to resign from the Guild by notifying the Secretary of the Board in
writing or by recording their resignation in the minutes of the General Meeting of the Guild.
The Board may, by unanimous decision, expel a member who violates the Guild’s rules, honor
or otherwise acts contrary to good manners. If a member is dissatisfied with the decision of the
Board to expel them, they may appeal to the Guild Meeting by submitting a letter of appeal to
the Board within seven (7) days of being informed of the expulsion.
The Board may expel a supporting member from the Guild for failure to pay dues within six
months after the dues are due.
6 § MEMBERSHIP FEES
Full members shall be required to pay a membership fee at the time of joining, which shall be
valid for the duration of their membership. No annual membership fee shall be charged to Full
members. External and sustaining members are required to pay an annual membership fee.
The Guild’s Spring Meeting shall determine the joining and membership fee amount for full
members, external members and support members. Honorary members are exempt from
paying membership fees.
Supporting members pay a supporting membership fee to the Guild. This may vary according to the number of members of a legal entity and may be fixed for a natural person.
7 § GOVERNANCE
The Guild’s activities shall be managed and its affairs administered by a board elected by the
Autumn General Meeting. The Board consists of the Chairperson and 2-8 other members. The
term of office of the Chairperson and the members of the board shall be one (1) calendar year.
The Board shall, from its members, elect a Vice-Chairman. The Secretary and the other
necessary officers shall be elected from among its members or the board. The quorum of the
Board shall be the presence of the Chairperson or, in their absence, the Vice-Chairperson and
two board members. The Guild Meeting shall, if necessary, adopt a code of conduct for the
Board.
The person elected to the Board must be a full member of Kapital ry at the time of election.
8 § WRITING THE NAME OF THE GUILD
The name of the Guild shall be written jointly by two members of the Board. One of them must
be the Chairman or Vice-Chairman of the Board.
The Board may delegate the right to sign, by unanimous decision, to a designated member of
the Board.
9 § DUTIES OF THE BOARD
The duties of the Board are:
- To plan, direct and supervise the activities of the Guild in accordance with the Guild’s
meetings, by-laws, the law and generally accepted guidelines, and to be responsible for the
management of the Guild’s finances and assets. - To convene the General Meeting of the Guild and to implement the decisions of the General
Meetings of the Guild. - To prepare the action plan and the budget and other matters to be submitted to the Guild
Meeting. - To keep the list of members and resolve membership issues.
- To supervise the activities of committees and officers.
- To represent the Guild.
10 § DUTIES OF THE CHAIRPERSON
The duties of the Chairperson, together with the Board, include:
- Directing the activities of the Guild in accordance with the decisions of the Board, the
Meetings, and the rules. - Convening the Board and conducting the business of its meetings.
- Liaising with the other subject associations of the University.
11 § COMMITTEES AND OFFICERS
The Board may establish committees under its authority. A board member appointed by the
Board shall have the right to attend and speak at meetings of the committees.
The officers of the Guild are officers elected by the Board. Vacancies for officers must be
advertised on the Guild’s official notice board at least fourteen (14) days before the election.
Guild officers shall be elected for a term of one calendar year, unless the term of office is
exceptionally decided to be of a different length in accordance with Article 19 of the Statutes.
12 § FINANCIAL PERIOD AND AUDIT
The Guild’s financial year is a calendar year.
The Guild shall have one Action Inspector and one Deputy Action Inspector, whose term of
office shall be one (1) calendar year.
The financial statement with the necessary documents and the Guild’s annual report must be
submitted to the Action Inspector at least four (4) weeks before the Spring Meeting. The action
inspectors must submit their written opinion to the Board at least two (2) weeks before the
Guild’s Spring Meeting.
13 § MEETINGS
The Guild has two Ordinary General Meetings. The Spring Meeting is held in January-May and
the Autumn Meeting in August-December. If the Board or the Guild Meeting so decides, the
meeting may also be attended by means of telecommunication or other technical aids.
Twenty-one (21) days must elapse between General Meetings.
The Board may convene an Extraordinary General Meeting. An Extraordinary General Meeting
must also be convened if at least 1/10 of the Guild’s full members request to deal with a matter
notified by them, the meeting must be held within twenty-one (21) days after the Board has
been informed of the request.
14 § NOTICES OF MEETINGS
The Board shall give at least fourteen (14) days’ notice for Guild General Meetings to the guild
members: on the Guild website, by email, or on the Guild Room bulletin board.
15 § MEMBERS’ PROPOSALS AND INITIATIVES AT MEETINGS
If a member of the Guild wishes to have a matter brought before the Spring or Autumn General
Meeting of the Guild, they must notify the Board in writing and in sufficient time for the matter to be included in the notice of the meeting.
16 § VOTING RIGHTS
Each full member has one vote at Guild General Meetings.
External members, honorary members and sustaining members shall not have the right to vote, but shall have the right to attend and speak at general meetings.
17 § SPRING MEETING AGENDA
At least the following matters shall be dealt with at the Spring Meeting:
- Approval of the annual report of the previous year.
- Presentation of the previous year’s financial statement and the Action Inspector’s report.
- Decide on the adoption of the financial statement.
- Decide on the discharge of the members of the Board and other responsible persons.
- Discuss the action plan for the current year.
- Decide on the size of membership fees.
- Deal with any other business mentioned in the invitation to the meeting.
18 § AUTUMN MEETING AGENDA
At least the following matters shall be discussed at the autumn meeting:
- Approval of the action plan and the budget for the following year.
- Confirm the number of Board members.
- Election of the Chairperson of the Board.
- Election of the new members of the Board.
- Selection of one Action Inspector and one Deputy Action Inspector
- Elect the official notice board of the Guild for the coming year.
- Deal with other matters mentioned in the invitation to the meeting.
19 § STATUTES
By-laws supplementing these Statutes may lay down more specific provisions on matters
considered important for the operation of the Guild. The Statutes and any amendments thereto
must be approved by the General Meeting of the Guild by a majority of at least two-thirds (2/3)
of the votes cast. The Statutes shall enter into force as soon as they have been approved by the General Meeting of the Guild.
20 § AMENDMENT OF THE STATUTES AND DISSOLUTION OF THE GUILD
Any amendment of these rules shall require a decision of the General Meeting of the Guild,
supported by at least two thirds (2/3) of the votes cast. Dissolution of the Guild shall require a
decision by two consecutive Guild meetings, with at least two thirds (2/3) of the votes cast in
favor at both meetings. If the Guild is dissolved, its assets shall be used for purposes furthering
the objectives referred to in Article 2 of the Statutes, as decided by the last meeting of the Guild.
Guidelines of Kapital ry
Here you can find the guidelines, they are separated into the operating guidelines and financial guidelines. The financial guidelines are based on a version written in Finnish.
Financial Guidelines
Operating Guidelines
Official documents
Official rules and guidelines (in Finnish)
Rules:
Kapital ry Official rules (in Finnish)
Kapital ry Financial Guidelines (in Finnish)
Kapital ry Operating Guidelines (in Finnish)