4. Definition of Plans

5-year plan

The 5-year Plan of EUROAVIA outlines the association's long-term goals for the next five (5) years. The plan is a guideline of initiatives to stimulate growth of EUROAVIA.

The International Board shall develop the aforementioned plan in collaboration with the Designated International Board officers, the Working Groups’ coordinators and EUROAVIA associates, and it must be presented and approved by two-thirds (2/3) majority at the Annual Meeting of the EUROAVIA Congress every five (5) years. The document must be made public to all (Prospective) Affiliated Societies/ (Prospective) Adjunct Members at least four (4) weeks before the start of the General Meeting.

The Business and Financial Plan

The Business Plan is a document that translates the objectives outlined in the 5-year Plan into practical and operational initiatives. It focuses on the day-to-day activities, resource allocation, and timelines necessary to achieve the strategic goals. It shall contain all planned activities of the International Board and the existence of the foreseeable Working Groups with their tasks.

The Financial Plan is a fundamental component of the Business Plan, which outlines the financial strategies and budget planning necessary to support the implementation of the initiatives outlined in the Business Plan. The Financial Plan shall also consist of a second financial concept without respecting prospective or estimated donations and sponsorships.

The Business and Financial Plans are formulated every Business Year, in accordance with the previously outlined 5-year plan.

The Designated International Board officers shall develop a Business and Financial Plan, and they must be presented and approved by the absolute majority at the Annual Meeting of the EUROAVIA Congress.

Those documents must be made public to all (Prospective) Affiliated Societies/ (Prospective) Adjunct Members at least four (4) weeks before the start of the General Meeting

Amendments to the 5-year Plan

Any amendments to the 5-year Plan may be proposed by the International Board or at least five (5) Affiliated Societies in writing or the majority of the Working Groups’ Coordinators. Proposals for amendments must be made public to all (Prospective) Affiliated Societies/ (Prospective) Adjunct Members at least four (4) weeks before the start of the General Meeting where the amendment will be considered. The approval of amendments to the 5-year Plan shall require a two-thirds (2/3) majority vote during the General Meeting.