The Student Kroa in Bø Foundation

The Student Kroa in Bø Foundation is one of Telemark’s largest concert venues and is run by students at the University of South-Eastern Norway. The board, together with the general manager, oversees and sets guidelines for the program and all activities at the venue.

We aim for Kroa in Bø to be an important national concert venue with a wide appeal among students and the local community, focusing on music experiences. Our highest priority is to provide the best possible offerings to everyone.

Kroa in Bø should be a social meeting place for students and an attractive option for the local community. We strive to be one of the region’s most professional cultural venues and an appealing workplace for volunteers

Bylaws of the Student Kroa in Bø Foundation

Name and Purpose

§ 1.
The Student Kroa in Bø Foundation aims to operate the student welfare house for students at the University of South-Eastern Norway (USN), Bø campus, in accordance with laws and regulations governing foundations and the sale/serving of alcohol. The foundation shall ensure that internal rules adopted for the house comply with the above regulations, while also facilitating maximum activity at the venue. The foundation may also engage in other tasks of economic, social, and cultural interest for the students.

§ 2.
The foundation is an independent legal entity, subject to the Foundation Act of 23 May 1980. Neither the board, members, nor affiliated student organizations have personal financial responsibility for the foundation’s obligations beyond what is stipulated by law, cf. §13 regarding board members’ liability for intentional or negligent actions. Any surplus from operations shall be used solely for the foundation’s purposes.

§ 3.
The foundation’s initial capital is NOK 1,023,265.67. This was raised through the value of assets, assessed at fair market/realisable value, in accordance with §26, second paragraph of the law, as well as transferred equity from previous Kroa operations.

§ 4.
The foundation has its business office in Bø and must be registered with the Register of Business Enterprises and the County Governor of Telemark.

Board of Directors

§ 5.
The foundation shall be managed by a board of six members. The board represents the foundation externally and has the highest authority in all matters concerning the foundation’s operations. The board ensures compliance with laws and bylaws, that Kroa is operated according to sound management principles, and that proper accounting practices are followed.

§ 6.
The board shall consist of the following members:

One member with a deputy, both based in Bø, appointed by USN Bø campus, term 2 years.
One member with a deputy, appointed by the Students’ Welfare Organization in South-Eastern Norway, term 2 years.
One member with a deputy, appointed by the Student Council at USN Bø, term 1 year.
One member with a deputy, appointed by the Student Democracy at USN Bø, term 1 year.
One member with a deputy, appointed by the User Committee at Kroa in Bø, term 1 year.
One member with a deputy, appointed by the Main Board at Kroa in Bø, term 1 year.

Terms generally start March 1st. The general manager participates on the board without voting rights and serves as board secretary with the right to speak and propose. The board elects a chair and vice-chair for one-year terms. Meetings are led by the chair or vice-chair; if both are absent, the board selects a meeting leader.

§ 7.
The board meets as often as it deems necessary. The chair calls meetings, either independently or in consultation with the general manager. Meetings must be called if at least two board members or the general manager request it. The board is quorate when at least four members are present. In case of a tie, the meeting leader casts the deciding vote. For elections or appointments, a new vote is held if no candidate obtains a majority. If a tie persists, the winner is chosen by lot.

§ 8.
The board binds the foundation and may grant signing authority.

§ 9.
The board appoints the general manager, who is responsible for day-to-day operations according to guidelines set by the board. The board defines instructions for the general manager and the Kro & Culture board and may delegate authority to other bodies associated with Kroa. Other personnel are appointed by the board or its authorized representatives.

Audit and Annual Report

§ 10.
The board is responsible for preparing an annual report and financial statements by March 31 each year. Accounts must be audited by a board-approved auditor in accordance with the Foundation Act. The annual report and accounts shall be submitted to the County Governor and other appointing bodies each year.

Amendment and Dissolution

§ 11.
The board may amend the bylaws by a two-thirds majority. The foundation may be dissolved by a two-thirds majority, subject to approval by the Students’ Welfare Organization (SSN) and USN. In such cases, the foundation’s assets shall be transferred to SSN and USN and used in accordance with the foundation’s purpose.

§ 12.
These bylaws take effect from 20.02.2018.