Section 505 Fiscal Year. The fiscal year of the Corporation shall end on December 31 of each year.

Section 506 Conduct of Meetings. All meetings of Members, of the Board of Directors, of each Executive Board, of an Advisory Board, of a Finance Board and of each Distribution Committee will be conducted by mutual discussion and agreement of those attending. When appropriate, reference may be made to Robert’s Rules of Order as an authority for procedural matters relating to the conduct of said meetings.

Section 507 Compensation of Board and Committee Members. Members of the Board of Directors and of each Distribution Committee will serve as volunteers without direct compensation. Once there are seven active Voting Directors, Directors may not be compensated separately by the Corporation, except for reimbursement of reasonable expenses. Members of Distribution Committees may be compensated separately as employees or independent contractors for the Corporation, but not as members of a Distribution Committee. Reasonable compensation for members of Executive Boards, Advisory Boards and Finance Board may be established by the Executive Director, subject to approval by the Board of Directors.

Section 508 Amendment. No section of the Corporate Code of Regulations or Board Bylaws may be amended, altered or repealed without a majority vote of the Board of Directors or a majority vote of the Members of the Corporation. In all cases a majority vote of the Members of the Corporation shall be the final authority for the Corporation, except as specified in Section 400 of the Corporate Code of Regulations and Section 202 of the Board Bylaws. The Executive Director may veto amendments to Code of Regulations when such amendments, in the Executive Director's sole discretion, change or threaten one or more of Chimorel's core principles.