b. list of persons that Constitute the Governing Board of the
Organisation;
c. annual report of the Governing Board;
d. report of the auditors;
e. information on the overall amount of remuneration paid to
any Director or employee of the organisation certified by
the auditors.
(3) The Governing Board of a Collective Management Organisation shall as
far as possible be representative of the different classes of right owners in
the society.
(4) Nothing in these Regulations shall reduce, derogate or affect in any way
the privileges that members of a Collective Management Organisation are
entitled to, or any relief or remedies available to them under their
membership agreement or any applicable legislation.
7. Withdrawal of Membership
A member shall, upon reasonable notice of his/her intention to do so, have the
right to withdraw his membership of a Collective Management Organisation or
the rights assigned to the Organisation in respect of any of his works.
8. Organisation’s Obligation to Furnish Information
(1) Collective Management Organisations shall within 30 days of occurrence
notify and furnish the Commission with information in respect of:
a. alteration to the Memorandum or Articles of Association or
any internal rules;
b. adoption of Tariffs and any alteration thereof;
c. Reciprocal Representation Agreements with foreign
collecting societies;
d. any alteration to the standard membership agreement;
e. any decisions in judicial or official proceedings to which
the society is a party, where the Commission so requires;
f. any documentation, report or information which the
Commission may require.
(2) Collective Management Organisation shall, not later than the 1st day of
July in each year prepare and submit to the Commission the following
documents in respect of its operation for the preceding year:
a. a general report of its activities; and
b. annual audited financial report which shall show among
others;
(i)
the total revenue during the period of the report;
(ii)
the total sum and general nature of expenses;
and