Visual Artists Ireland is a charity which complies both with the requirements of the Companies Acts, 1963 to 2013, and also the Statements of Recommended Practice (SORP) as issued by the Charity Commissioners for England and Wales in March 2005.
The Sculptor’s Society of Ireland Ltd. (T/A Visual Artist’s Ireland) is a company registered in Ireland, which was incorporated under the Companies Acts, 1963 to 1986 on the 12th November 1987 and is a company limited by guarantee not having a share capital. The objects of the company are charitable in nature and it has established charitable status (CHY No. 9629).
Appointment of Directors
At each AGM one-third of the directors, or if their number is not three or a multiple of three, then the nearest one-third, shall retire from office. The directors to retire in every year shall be those who have been longest in office since the last election, those to retire shall (unless they otherwise agree amongst themselves) be determined by lot.
A retiring director shall be eligible for re-election provided that no director shall be a director of the company for in excess of ten years, save that a period of three years shall have elapsed since the said director was last a director.
Members of the charitable company guarantee to contribute an amount not exceeding €1 to the assets of the charitable company in the event of a winding up. The number of members at 31st December 2013 was 7.
As a visual artists resource organisation the company has identified that there are areas of risk facing the company regarding public projects and publications. The company is satisfied that adequate policies and procedures are in place to manage any risks that may occur.