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 The Governance of the Alliance  

Praxity AISBL is registered in Belgium and its Articles are governed by the provisions appertaining to not-for-profit entities.

Belgium registered number 6/CH/15.437/S UK Foreign Company registration number FC027606

Praxity - Global Alliance Limited is registered in England & Wales registered number 7873027

General Meeting of the Membership

An Ordinary General Meeting is held at least once a year at which the member firms and associate firms of the Alliance

  • vote on the annual accounts of the previous year
  • approve the budget for the forthcoming year
  • discharge the Management Board and Governing Council
  • elect any open positions for the Governing Council
  • vote on any other matter included in the Notice of Meeting that is properly subject to vote by the General Meeting

The Governing Council

The Governing Council establishes the strategic direction of the Alliance.

Those sitting on the Council are elected by votes cast by member firms and associate firms within the five regions.

The number from each region is as follows:

  •  4 from Europe 
  • 4 from North America 
  • 1 from each of Africa and the Middle East, Latin America and  the Caribbean, and Asia Pacific

The Management Board

The Management Board directs and manages the activities of the Alliance and has the power to:

  • admit, periodically review the status compared to the membership
    guidelines, terminate members, determine the class of a member and revise the membership guidelines

Persons are elected by and from the Governing Council and include 2 from the European Region, 2  from the North American Region and 2 elected at large.

The Membership Committee

The Membership Committee's duties are specified by the Management Board and make recommendations to the latter concerning the application of potential members, their initial and subsequent classification.

Appointments to the Membership Committee are made by the Chair, subject to approval by the Management Board.

 

 

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Praxity, AISBL, is a global alliance of independent firms. Organised as an international not-for-profit entity under Belgium law, Praxity has its administrative office in London. As an alliance, Praxity does not practice the profession of public accountancy or provide audit, tax, consulting or other professional services of any type to third parties. The alliance does not constitute a joint venture, partnership or network between participating firms. Because the alliance firms are independent, Praxity does not guarantee the services or the quality of services provided by participating firms.