Page 10 - 2020-0815-008 Board Meeting Documents for August 19

Section 3. Location. The Corporation's principal office is located at 500W 414 W. Soledad Ave.,
Hagatna, Guam 96910. The Board of Directors may designate other principal offices from time to time
and meetings may be held at such other locations as the Board of Directors may determine.

Article III. Mission Statement and Purposes

Section 1. Mission Statement and Purposes. The Corporation is a not-for-profit organization which
provides, promotes and sponsors educational activities and programs for the youth of Guam. The
purpose of the Corporation is to inspire and prepare young people to succeed in a global economy.
Section 2. Not-for-profit Status. The Corporation shall operate as a not-for-profit association and any
funds received by the Corporation shall be utilized to defray costs incurred in furtherance of Corporation
programs, activities and administration. The Corporation shall comply with the laws of the Territory of
Guam regarding not-for-profit organizations.

Article IV. Membership

The only members of the Corporation shall be the members of the Board of Directors.

Article V. Programs

The Board shall have the authority to establish and implement from time to time such programs as the
Board may deem advisable for the purpose of providing education and experience for young people and
students in the areas of business, economics, workforce readiness and private enterprise, according to
the goals and purposes of the corporation and pursuant to the guidelines of JA Worldwide and JA Asia
Pacific.

Article VI. Board and Executive Committee

Section 1. Management Powers. The Board shall have the powers and authority conferred by its
Articles of Incorporation and these By-laws, and by the laws of the Territory of Guam.

Section 2. Composition. The Board shall consist of at least 5 members and no more than 11 members
and shall meet at least quarterly. The Board shall consist of the Executive Committee, Chairpersons of
the Standing Committees and other business and civic leaders. Election to the Board shall be as set
forth below. The Board shall set the policies and procedures as well as oversee the operations of the
Corporation and shall assist with fundraising and program implementation as needed. The Board shall
be responsible for the hiring of the Executive Director of the Corporation.

Section 3. Executive Committee. There shall be an Executive Committee which shall consist of the
Chairman of the Board, the officers of the Corporation (who shall all be members of the Board, except
the Executive Director of the Corporation and who shall not be a member of the Board), the chair of
each Standing Committee and such other members as may be appointed from time to time by the

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