Chapter 1 Foundation foundation and purpose of the Fund

Chapter 2 Fund capital and the use of Fund resources

Chapter 3 Management and management of the Fund

Chapter 4 Supervision, accounting, revision and cancellation

Application for Denmark's Grundresearch fund fundatas

We, by God's grace, the Queen of the Danes, do our thing.

Under section 3 of the Act of Denmark's Basic Research Fund, cf. Law Order no. 833 of 13. August 2008 shall be determined :

Fundats for Denmark's Basic Research Fund

Chapter 1

Foundation foundation and purpose of the Fund

§ 1. The Danish Foundation Research Fund is an independent fund, created by law on the Danish Foundation Research Fund, cf. Law Order no. 876 of 8. October 2003, as amended by law no. 553 of 17. June 2008. The fund was set up with a capital of EUR 2 billion. curled to be transferred from the State.

Paragraph 2. The head office of the Fund is the municipality in which the administration of the fund has its address.

§ 2. The aim of the Fund is to strengthen Denmark's research development capacity by financing unique research at international level.

Paragraph 2. The Fund must help to ensure that the results of the work are communicated to the surrounding society.

Chapter 2

Fund capital and the use of Fund resources

§ 3. The Fund ' s funds shall be managed by the management board, which will place the funds in accordance with the rules on this in the section 7 of the law and the rules laid down pursuant thereto.

Paragraph 2. The Management Board shall regulate in a framework authority to the management of the Fund ' s main capital and stock market share received as payment for intellectual property rights.

§ 4. In paragraph 1, paragraph 1. The Management Board of the Fund shall be entitled to the capital of the Fund and its return on the part of the Fund for Denmark's Fundamental Research Fund, as well as other public appropriations to be allocated to an average of 400 million. DKK yearly measured at fixed prices (2008 prices) over continuous 10 years periods. In 2009, the Fund can share EUR 275 million. DKK (2009-prices).

Paragraph 2. The Management Board shall ensure that the equipment is carried out in such a way as to ensure the long-term impact of the fund, i.e. up to about. The end of 2026.

Paragraph 3. It is a prerequisite that the funds are distributed to unique research projects of high international class.

Paragraph 4. All divisions must include contributions to the related costs associated with the research calculated at the rate at all times for the State.

§ 5. The Management Board shall lay down guide guidelines for allocations and for the terms and conditions applicable to the support of the Fund.

Paragraph 2. The Management Board shall lay down guide guidelines on how the fund ' s financial involvement in centerformations and so on is executed over time, including, where appropriate, by embedding in the host institutions.

Chapter 3

Management and management of the Fund

§ 6. The Fund is led by a Board of Directors whose President and 8 members are appointed by the Minister for Science, Technology and Development in their personal capacity. The members must, amongst other things, have access to research at international level and financial insights.

Paragraph 2. The chairman and the individual board members do not have any alternates and cannot be represented by the second person. However, in the case of the President-in-Office of the President, the Presidency may, cf. § 9.

§ 7. The President shall be appointed for a period of six years, with the possibility of re-nominating once for a three-year period.

Paragraph 2. The members of the Management Board shall be appointed for four years and shall be reappointed once.

Paragraph 3. The members of the Management Board shall, as far as possible, be designated as far as possible in such a way that four members ' nomination periods have been staggered by 2 years in relation to the other 4 members.

Paragraph 4. A new chairman or a new Member shall be appointed in accordance with the rules laid down in paragraph 1. 1 and 5, and in the section 2 (2) of the law, 1.

Paragraph 5. If a member is taken in the first two years of his term of office, a new member will be appointed for the remaining part of the period with the possibility of extension for four years. During the period of time during the last two years of a functional period, a new member shall be appointed for the remaining part of the period, as well as four years without the possibility of extension.

Paragraph 6. In accordance with the provisions of Article 2 (2), they shall be decommissioning or altered. 1, adjuster parties significantly, the Minister for Science, Technological Development and Development, shall, at the request of and consult the Management Board, determine which parties subsequently have to be eligible, without the number of members at the same time ; change.

Paragraph 7. The President and any Member may ask the Ministry of Science, Technologies and Development to be relieved of his duties.

Paragraph 8. If the management board considers that the chairman or a member due to prolonged illness or other reason is undiscerniable to carry out his duties, the Board may suspend the Ministry of Science, Technologies and Development that the person concerned may be exempted from the Ministry of Science ; enlisted.

Niner. 9. The President and the Members shall receive, for their activities, a fee which shall not exceed what is customary according to the nature and scope of the business.

§ 8. The Management Board shall take a decision as to whether a member has such an interest in a question that they are excluded from participating in the handling of the matter. The decision shall be made in accordance with the rules of the administrative act and the rules laid down in accordance with the Rules of Procedure.

Paragraph 2. The President and every Member shall notify the Administrative Board when it is available to give rise to doubts about the hability of their comments.

§ 9. The board of directors chooses for a vice-president.

Paragraph 2. The Management Board shall meet when the chairman considers it necessary, or when at least one member is making a motion to this effect. The chairman shall, at the time of his chairperson, call all members of the Board of Directors.

Paragraph 3. The chairman shall act as a meeting chair, or at the case of his forfall, acting as a meeting chair.

Paragraph 4. The Management Board shall be quorum when at least 4 members and chairman, or at his foreman's case, are present. The Management Board shall make decisions by simple majority, unless otherwise specified in the Rules of Procedure of this fundator or in the Management Board of Directors. In the event of ballot, the Chair is the voice of the President, or at his second chair, the President of the Chair.

Paragraph 5. The Management Board may make decisions in writing, but not in the case of changes to the function or the Rules of Procedure and the approval of the budget.

Paragraph 6. The Management Board may be able to order the President to make decisions on behalf of the board.

Paragraph 7. A summary shall be made by the chairman and all the members of the board, over the deliberations of the Management Board and of the decisions taken. The one who does not agree with the decision of the Management Board shall be entitled to his opinion on the Minutes.

Paragraph 8. The Management Board shall define its rules of procedure.

Niner. 9. Every year the Management Board shall publish a report on the activities of the Fund.

§ 10. After setting the board chairman, the board of directors is hiring a director. The director is head of the fund management.

Paragraph 2. The Director shall take care of the day-to-day administration and administration of the Fund according to guidelines determined by the Management Board. The day-to-day administration does not include any arrangements which, according to the nature of the fund, are of exceptional nature or significant, including arrangements for the capital and decisions to be used for the purpose of the Fund ' s purpose for the purpose of the Fund. Such arrangements may be made only by the Administrative Board, by special authority.

Paragraph 3. The administrative staff of the Fund shall be employed and made redundant by the Director in accordance with one of the board of directors adopted by the management board.

§ 11. The Fund shall be endorsed by the Chairman of the Management Board of the Management Board, or by the Director of the Chairperson with the chairman or two members. The Chairman shall speak on behalf of the Fund.

Paragraph 2. The Management Board may notify the procuring and banking powers to two administrative staff in association, which may dispose of the Fund ' s resources within one of the governing board.

§ 12. The business of the Fund is covered by the administrative law, law on the administration and the law on the processing of personal data.

Chapter 4

Supervision, accounting, revision and cancellation

§ 13. The Minister for Science, Technology and Development is supervising the fund, including the fund's placement of funds in accordance with the section 7 of the law.

§ 14. The financial year shall be the calendar year.

Paragraph 2. The Accountability of the Fund shall be subject to the auditing of the impeachment auditor and a state certified auditor in accordance with the rules of the review of the state's financial records, etc. The Administrative Board shall appoint the public auditor for three years at a time. The appointment must be approved by the Minister for Science, Technology and Development, and may at any time be revoked by the Administrative Board.

Paragraph 3. The financial statements of the Fund shall be drawn up in accordance with the provisions of the financial law with the adaptations resulting from the specific nature of the Fund

Paragraph 4. The accounts ' s accounts shall be reviewed in accordance with the rules of the review of the accounts of the state

Paragraph 5. The audited annual accounts shall be approved by the Administrative Board and shall be submitted to the Ministry of Science, Technologies and Development within five months of the end of the financial year.

§ 15. Changes to this fund shall be made by means of a royal appliance according to the recommendation of the Board of Directors to the Minister for Science, Technology and Development. The setting must have been approved by a qualified majority, composed of the President and at least five members.

§ 16. The fund can only be lifted by law, when the fund takes over the wealth of the treasury fund and the State shall, by the way, enter into the rights and obligations of the Fund.

§ 17. This fundator has effect from 1. October 2008.

Paragraph 2. At the same time