Policy: Payments to third parties: Difference between revisions

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This policy can be overwritten only  
This policy can be overwritten only  
* for amounts less than 1000 AND when
* for amounts less than €1000 AND when
* at least two members of the Board approve the exception
* at least two members of the Board approve the exception


For amounts over  1000:
For amounts over  €1000:
* A Board Resolution is required
* A Board Resolution is required




When making payments to third parties, please follow the relevant [[Procedure: Payments to third parties|Payments to third parties Procedure]].
When making payments to third parties, please follow the relevant [[Procedure: Payments to third parties|Payments to third parties Procedure]].

Revision as of 11:31, 9 July 2011

At Future Worlds Center, we have the following rule:

We do NOT order anything ‘on credit". This means that whatever we buy must be paid immediately.

This policy can be overwritten only

  • for amounts less than €1000 AND when
  • at least two members of the Board approve the exception

For amounts over €1000:

  • A Board Resolution is required


When making payments to third parties, please follow the relevant Payments to third parties Procedure.