Statutes of Euroacademy

APPROVED BY
NPO Eesti Euroinfo Ühing Management Board
Decision of August 25, 2016

THE STATUTES OF EUROACADEMY

The Statutes of Euroacademy is established on the basis of the Private Schools Act § 21 lg 2 and § 6.

1. GENERAL PROVISIONS. NAME AND REGISTERED OFFICE
1.1. Euroacademy (hereinafter Euroacademy) has been founded by NPO Eesti Euroinfo Ühing (hereinafter the Association) in compliance with the Non-Profit Associations Act, Private Schools Act, Institutions of Professional Higher Education Act, Research and Development Organisation Act, other legislation of the Republic of Estonia, and the Statutes of the Association. Euroacademy is operated by Eesti Euroinfo Ühing as the owner of a private school.
1.2. The name of the Academy in English is Euroacademy, University of Applied Sciences, Tallinn.
1.3. Euroacademy’s objective is to create opportunities for the acquisition of knowledge-based professional higher education that meets the requirements of the Standard of Higher Education in the taught specialities of social, economic and natural sciences associated with European integration and provide services based on research, instruction and other cultural activities. In its academic activities, Euroacademy proceeds from the principles of the Magna Charta (1988).
1.4. The activity of Euroacademy is governed by the legislation of the Republic of Estonia, Statutes of NPO Eesti Euroinfo Ühing and the Statutes of Euroacademy.
1.5. The official language of Euroacademy is Estonian. The languages of instruction of Euroacademy are Estonian, Russian and English. For the students whose language of instruction is English or Russian, the availablity of study information and management is granted in English or in Russian.
1.6. The standard period of study at Euroacademy is prescribed in the curricula in conformity with the Standard of Higher Education.
1.7. The registered office of Euroacademy is located at Tondi 55, 11316 Tallinn, the Republic of Estonia.

2. AREAS OF ACTIVITY
2.1. Instruction, research and development activity.
2.2. Provision of higher education at two levels of higher education.
2.2.1. Professional higher education means instruction provided at the first level of higher education during which a student acquires the competencies necessary for pursuing a particular profession or continuing their education in Master’s study;
2.2.2. Master’s study at Euroacademy is conducted as continuation of a curriculum of professional higher education in the same field of study.
2.3. Provision of services based on research, instruction and other cultural activity, incl. publishing.
2.3.1. The objective of Euroacademy’s activities is to support and develop research, culture and education in the public interest aiming to expand the knowledge of its own members as well as other consumers of information and satisfy their information needs.
2.3.2. The employees and students of Euroacademy are engaged in instruction and research and development activity in the following areas:
2.3.2.1. language studies and translation;
2.3.2.2. business and knowledge economy;
2.3.2.3. interior architecture, fashion design and art;
2.3.2.4. political science, international relations and public sciences;
2.3.2.5. environmental research, environmental policy and environmental education.
2.3.3. Euroacademy’s employees are involved in the procurement of literature, equipment, and information technology devices required for studies, research and development activity and funding that supports the above activities.
2.3.4. Euroacademy’s employees are involved in the development of cooperation with educational, research and cultural institutions and financing agencies in Estonia and abroad.
2.3.5. Euroacademy’s employees are involved in the organisation of hobby education and adult or informal education.

3. LEGAL STATUS
3.1. Euroacademy is an educational institution owned by the Association as legal entity, which has its own insignia.
3.2. The Association shall be liable for Euroacademy’s obligations with all of its assets.
3.3. Euroacademy shall not be liable for the Association’s obligations.
3.4. Euroacademy may perform any lawful transactions that the Association has authorised it to perform and that are related to its activity and are, either directly or indirectly, required for Euroacademy.

4. MANAGEMENT
4.1. The collegial decision-making body of Euroacademy is the Senate of Euroacademy (hereinafter the Senate).
4.2. The number of the members of the Senate as well as its composition shall be approved by the Association’s Board based on the Rector’s proposal.
4.3. The Senate comprises the Rector, the Vice Rectors, the Deans, the Chairman of the Association’s Board, representatives of the teaching and research staff, representatives of the students (one-fifth of the Senate’s members). Scholars from other institutions of higher education and institutions may be members of the Senate. The Senate’s Chairman shall be the Rector.
4.3.1. Members of the Senate shall be removed by a resolution of the Association’s Board based on the Rector’s proposal.
4.3.2. The powers of the members of the Senate shall be effective during their employment in the positions specified in Article 10.3; the powers of the other members shall be effective for 5 years, the powers of the student-members of the Senate – during the standard period of study.
4.4. Euroacademy’s Senate shall:
4.4.1. form an opinion regarding the Statutes of Euroacademy, make proposals as to amending thereof and submit the Statutes to the Association’s Board for approval;
4.4.2. approve the statutes of the structural units and the Statutes of the Student Body;
4.4.3. form the structural units of Euroacademy and amend or terminate their activity as needed;
4.4.4. adopt the Development Plan of Euroacademy and monitor its performance;
4.4.5. approve the report on the implementation of Euroacademy’s budget;
4.4.6. elect ordinary teaching staff;
4.4.7. provide for the procedure for filling in the elected positions of Euroacademy and forming the Councils of the structural units of Euroacademy;
4.4.8. introduce changes in the curricula and submit the same to the Association’s Board for approval;
4.4.9. make decisions regarding general issues relating to instruction and research, which pertain to more than one Faculty, incl. approve the Study Regulations;
4.4.10. establish the procedure for and conditions of defending academic and research degrees;
4.4.11. establish the rules of evaluation of the qualification of ordinary teaching and research staff and their recruitment competition rules, and elect professors ordinaria;
4.4.12. make proposals to the Association’s Board regarding the establishment and amendment of the tuition fee (but not in excess of 10% between two academic years), establish the procedure for the payment of the tuition fee and discounts applied thereto;
4.4.13. express no confidence in the Rector if needed;
4.4.14. resolve upon other issues presented by the Rector or members of the Senate to form opinions with regard thereto;
4.4.15. establish the conditions of and procedure for the admission of students to Euroacademy, likewise for their ex-matriculation from Euroacademy;
4.4.16. establish the conditions of and procedure for recognising prior learning and work experience of students;
4.4.17. have a quorum if at least 50% of the members attend a meeting of the Senate;
4.4.18. pass decisions by a simple majority, except for expressing no confidence in the Rector. In this issue, a two-thirds majority of the Senate’s membership shall be required, while each member of the Senate shall have one vote;
4.4.19. adopt regulations and decisions within the limits of its competence;
4.4.20. formalise opinions containing general rules in the form of regulations signed by the Rector or, in his or her absence, a Vice Rector and the Secretary of Euroacademy’s Senate, and they shall be communicated to the employees and students of Euroacademy;
4.4.21. prepare an opinion on an individual matter in the form of a decision signed by the Rector or, in his or her absence, a Vice Rector and the Secretary of Euroacademy’s Senate.

5. EUROACADEMY’S BOARD
5.1. The Board of Euroacademy is a managing body performing its activity on a regular basis; the work format of the Board shall be a meeting.
5.2. Meetings of the Board of Euroacademy shall be attended by the Rector, Vice Rectors, Deans of the Faculties, Head of the Office of Academic Affairs, Head of the Office, Chief Accountant, employee keeping records of studies, representative of the Student Body, and other employees required to discuss the issues included in the agenda.
5.3. The following shall be within the competence of the Body of Euroacademy in the periods between the sessions of Euroacademy’s Senate:
5.3.1. to present opinions in general issues related to instruction and research activity;
5.3.2. to resolve on any issues related to economic activity;
5.3.3. to adopt opinions regarding the reports submitted by the Rector, Vice Rectors and Heads of structural units; co-ordinate term timetables and examination session schedules; make proposals to Euroacademy’s Senate and Association’s Board for opening, changing and closing curricula; make proposals to the Rector with regard to adjusting remuneration; approve the budgets of the Faculties for a term and academic year; decide on any other issues presented by the Rector, Faculties, employees or students of Euroacademy for forming opinions thereupon.
5.3.4. Resolutions passed by the Rectorate in general issues shall be drawn up as decisions signed by the Rector or, in his or her absence, by the Vice Rector who has chaired the meeting and the secretary of the meeting.

6. REKTOR
6.1. Euroacademy shall be governed by the Rector who shall be responsible for the general state and development of Euroacademy and for the lawful and expedient use of financial resources.
6.2. A person who is or has been elected to the position of a professor may be a candidate for the position of the Rector.
6.3. The Rector:
6.3.1. shall exercise the highest administrative and disciplinary authority in Euroacademy within the limits of his or her competence; shall ensure that instruction and research activities are organised in an expedient manner;
6.3.2. is responsible for the reasonable management of the study and development activities;
6.3.3. shall approve the internal procedure and documentary procedure rules of Euroacademy, issue orders and directives that shall be mandatory for compliance for all members of Euroacademy;
6.3.4. shall determine the number of Vice Rectors and their areas of activity; shall appoint the Vice Rectors;
6.3.5. shall ensure that decisions of the Senate of Euroacademy are implemented;
6.3.6. shall make proposals to the Senate regarding recruitment of other executive staff;
6.3.7. shall have the right to a single veto with regard to decisions passed by Euroacademy’s Senate;
6.3.8. shall matriculate and ex-matriculate students;
6.3.9. may form a Board of Euroacademy for day-to-day management of Euroacademy and shall determine the bases of and procedures for the activity thereof;
6.3.10. shall ensure that the draft budget of Euroacademy is prepared;
6.3.11. shall ensure that the budget is implemented and submit a report thereon to the Senate and the Association:
6.3.12. shall dispose of the budget funds within the powers granted to him or her by the Institutions of Professional Higher Education Act;
6.3.13. shall ensure that instruction and research activities are organised in an expedient manner;
6.3.14. shall represent Euroacademy and enter into transactions on behalf of Euroacademy within the limits of authorisation granted to him or her by law, Statutes of the Association and Euroacademy;
6.3.15. shall resolve other issues placed within his or her competence by law or the Statutes;
6.3.16. shall be accountable to the Senate of Euroacademy, Ministry of Education and Research and the Association and shall, once every six months, submit to the Senate an overview of provision of education at Euroacademy, Euroacademy’s financial situation and disposal of the tuition fee received and forthwith notify of any material deterioration in the financial situation of Euroacademy and any precepts issued by a supervisory body;
6.3.17. shall issue directives within the limits of his or her competence.
6.4. Appointment of Rector to office and removal of Rector from office
6.4.1. The Rector shall be elected for five years by way of public competition. The Rector shall be elected by the Association’s Board pursuant to the procedure prescribed by the latter. The Rector shall assume office by taking an oath before the Senate.
6.4.2. The Chairman or eldest member of the Association’s Board shall enter into a fixed-term employment contract with the person elected as the Rector. The Rector or the Association may refuse to enter into the contract of employment if it is established that the election procedure has been violated during the election.
6.4.3. In case of terminating the contract upon the Rector’s initiative the Association’s Board shall release the Rector from the performance of his or her duties within one month as of the date a respective letter of resignation has been submitted.
6.4.4. The Rector shall be removed from office early by the Association’s Board:
6.4.4.1. if Euroacademy’s Senate has expressed no confidence in the Rector;
6.4.4.2. if the Rector has been in office for at least three years prior to a negative accreditation decision passed on one-third of the curricula or negative re-evaluation decision or negative accreditation decision regarding Euroacademy;
6.4.4.3. in case of resignation upon the Rector’s own initiative;
6.4.4.4. on any other bases provided for in labour legislation.
6.4.5. The powers of the Rector shall terminate on the day of release from performing the duties in case of resignation, as of the date of termination of the contract, as of the day of removing from office before the expiry of the term of the Contract.
6.4.6. Upon termination of the powers, the Rector has the right to move back to the position in Euroacademy that he or she occupied prior to having been elected the Rector.

7. STRUCTURE
7.1. A basic unit in the structure of Euroacademy shall be a Faculty; the tasks of a Faculty shall include organisation of instruction, research activity and in-service training, incl. preparation of curricula, recording and monitoring of completion of the curricula by students, preparation of the Faculty’s development plans and co-ordination of the activity of incorporated substructures.
7.2. The activity of a Faculty is governed by the Dean and Faculty’s Council, which is an advisory body to the Dean. The composition of the Faculty’s Council shall be approved by the Rector based on the Dean’s proposal. A Dean shall be appointed to office by the Rector based on the proposal of a Faculty’s Council.
7.3. The core substructures of a Faculty shall be chairs or lectorates, which shall consolidate the teaching staff that provide instruction in the subjects with close content, directly organise the teaching of such subjects and ensure methodology of the learning process in the subjects included in the field of study of the chair.
7.4. The activity of the Chair shall be governed by the Head of the Chair-Professor, who shall be elected to office by Euroacademy’s Senate based on the proposal of the Faculty’s Council. A person who can be elected to the position of the Head of a Chair-Professor is a person holding a Doctoral level degree or who has worked at Euroacademy as a member of the teaching staff in the respective field for at least three years or has previously been elected to the position of a professor in some other Estonian institution of higher education or university.
7.5. Euroacademy may form institutes, centres or laboratories with the aim of developing research and instruction. Their rights and obligations shall be prescribed in the statutes of a structural unit approved by the Rector based on the Senate’s proposal.
7.6. Euroacademy’s structural units of functional support shall be a library, archives, museum or other units provided for in the development plan.
7.7. Any communities, non-profit associations, foundations or limited liability companies, which are independent legal entities, may operate at the Association if applicable.

8. MEMBERS
8.1. The members of Euroacademy comprise the Rector, Vice Rector, teaching staff, research staff and other employees, and students.
8.2. The students of Euroacademy
8.2.1. A person with secondary education acquired in Estonia or corresponding foreign country qualification who is willing to enter into an agreement with Euroacademy may apply to be admitted to Euroacademy; upon admission of foreign students, the specifications provided for in the Aliens Act shall be taken into account.
8.2.2. The agreement made between Euroacademy and a student shall lay down the time of commencing the studies, volume and duration thereof, place and time of providing instruction, amount of tuition fee, the procedure for and due date of payment thereof, conditions of refunding the tuition fee, procedure for amending or terminating the agreement, conditions of and procedure for transferring the subjects and subject volume acquired at another institution of higher education, procedure for settling disagreements, and conditions of continuing studies in case of closing a curriculum.
8.2.3. The conditions of and procedure for graduation from Euroacademy shall be prescribed by a curriculum; as a rule, a student has to complete a curriculum in full.
8.2.4. A student may be ex-matriculated upon his or her own initiative, in case of failure to pay the tuition fee, being convicted by court, committing a misdemeanour damaging Euroacademy’s image or in any other cases stipulated by Euroacademy’s Study Regulations or agreement made with the student.
8.2.5. Membership in the Student Body shall be certified by a student identification card issued by Euroacademy.
8.2.6. The Student Body has the right to establish representative bodies and elect its representatives to Euroacademy’s Senate.
8.2.7. Through their representative body, the Student Body has the right to set requirements to the curricula and study process, make proposals for the improvement of the organisation of studies and management of Euroacademy, continuously participate in the respective activities of Euroacademy, maintain international relations with the student bodies and institutions of higher education of other countries, become members of student organisations and associations.
8.2.8. The Student Body shall have their own statutes approved by Euroacademy’s Senate. A responsible representative body that governs the Student Body is a democratically elected Student Council, which represents the Student Body in relations with Euroacademy, Estonian and international organisations, institutions and persons. The Student Council shall be elected by the Student Body pursuant to the Statutes of the latter.
8.2.9. Euroacademy’s budget shall provide for finances required for supporting the activity of the Student Council.
8.3. Euroacademy’s employees include academic staff and employees.
8.3.1. The academic staff of Euroacademy comprises professors, associate professors, lecturers, assistants, and teachers.
8.3.2. 15.13. The academic staff includes ordinary and visiting teaching staff. Ordinary teaching staff shall be elected for a period of up to five years by way of competition, and the Rector shall enter into a fixed-term employment contract with them. Teaching staff who has not been elected may be appointed as extraordinary teaching staff by the Rector’s directive for a period of up to three years and a fixed-term employment contract shall be made with such teaching staff. A contract for services shall be made with visiting teaching staff for one or two terms depending of the volume of the subject.
8.3.3. The professorship consists of professors and professors emeritus.
8.3.3.1. A professor is a leading faculty member in his or her speciality who participates in research, development or other creative activity on an international level, who organises and conducts the teaching of his or her subject (subject group), directs research, development or other creative activity and instructs students, teaching staff and research staff in these activities in an efficient manner. The principal task of a professor is the organisation of academic studies.
8.3.3.2. A scholar with teaching experience, incl. experience in instructing students, who is a recognised scholar in his or her speciality, has at least five-year experience in research, development or creative activity and Estonian Doctoral degree or an academic degree awarded in any other country equal to the said degree as to its level, is elected a professor. In the art specialities, a creative person recognised in his or her speciality, who does not have a Doctoral level degree, may be elected a professor.
8.3.3.3. When applying for the position of a professor at Euroacademy, unless the person has not been earlier employed as professor, and except for applying for the position of a professor in art specialities, at least one Doctor’s thesis shall be defended under the applicant’s supervision for the past five years.
8.3.3.4. The title of professor emeritus may be awarded by Euroacademy’s Senate based on a Faculty’s proposal to a member of the teaching staff who has worked at Euroacademy as an ordinary professor and who has attained pensionable age. A professor emeritus is entitled to participate in the activity of Euroacademy. Professors emeritus shall be paid remuneration the amount of which shall be determined by the Association’s Board based on the Rector’s proposal. The procedure for awarding the title of professor emeritus shall be established by Euroacademy’s Senate
8.3.3.5. Euroacademy’s Senate may award the title of honorary professor to outstanding members of the teaching staff of another institution of higher education, incl. a foreign one, based on the general provisions set out in Article 15.14 of these Statutes and considering their relations with Euroacademy.
8.3.4. An associate professor is a member of the teaching staff who actively participates in research, development and other creative activity and may lead research, development or other creative activity in his or her speciality, conducts studies and instructs students and teaching staff involved in these activities in an efficient manner.
8.3.4.1. A person with the Estonian Doctoral level degree or equal qualification, who has teaching experience at an institution of higher education and at least five-year experience in research, development or other creative activity, is elected an associate professor by the Council of a Faculty.
8.3.4.2. Based on the proposal of the Faculty’s Council, a member of the teaching staff who has worked in the position of an associate professor for a long time may be awarded the title of associate professor emeritus; the amount of remuneration paid to associate professors emeritus shall be determined by the Association’s Board based on the Rector’s proposal.
8.3.5. A lecturer is a member of the teaching staff who conducts studies, may lead research, development or other creative activity and instructs students involved in the said activity. Persons with a Master’s degree or equal qualification, who have teaching skills and experience on research, development or other creative activity, may work as lecturers.
8.3.6. An assistant conducts studies, leads practical training and instructs practical classes and students’ graduation theses, participates in research, development or other creative activity.
8.3.7. A teacher leads seminars, practical training classes and practice sessions and performs other practical teaching duties. Persons with a Master’s degree or equal qualification may be employed as teachers.
8.3.8. Aiming to achieve the objectives of a curriculum and expected learning outcomes, scholars from outside Euroacademy or other outstanding creative persons or outstanding active experts in their speciality may be employed as visiting teaching staff. The Council of a relevant Faculty shall decide on the engagement of visiting teaching staff.
8.3.9. The qualification of the teaching staff shall be evaluated at academic assessment. The rules of academic assessment shall be established by the Senate’s decision.
8.3.10. A person employed as a member of the teaching staff shall, prior to the start of providing instruction, submit a curriculum in conformity with the format established at Euroacademy and, at the end of each calendar year, a report on research and development activity and teaching activity according to the established format. The format of the report shall be approved by the decision of Euroacademy’s Senate.
8.3.10.1. As a rule, members of the research staff are persons with a research degree and experience in research and development activity, who may perform the duties of a member of the teaching staff.
8.3.10.2. The research staff consists of researchers and senior researchers. Ordinary research staff is elected by the Council of a structural unit by way of competition for a period up to five years. The competition results shall be approved by the Rector. The Rector shall enter into a fixed-term employment contract with the member of the research staff – the winner of the competition.
8.3.10.3. A senior researcher is a scholar recognised in his or her field, who leads the completion of a research topic or research project. A person with the Estonian Doctoral level degree or equal academic degree of any other country may apply for the position of a senior researcher.
8.3.11. It shall be the duty of the academic staff to ensure instruction within the volume approved for the curricula and in conformity with the Standard of Higher Education.
8.3.12. The academic staff has the right to obtain, at Euroacademy’s expense, aids for conducting studies, use photocopying facilities and communication devices, make demands required to create the necessary learning environment and purchase aids.
8.3.13. Mutual relationships of the academic staff and employees of Euroacademy shall be governed by the current labour legislation.
8.3.14. Any vacant positions of ordinary teaching and research staff at Euroacademy shall be filled in by way of public competition with equal conditions for all participants for a period of up to five years or for the period provided for in a research project.
8.3.15. The Rector shall enter into a fixed-term employment contract with the persons – winners of the competition. In case of any violation of the conditions or procedure of the competition the employment contract may be denied.
8.3.16. In case of failure to fill in vacant positions of the teaching and research staff by way of competition, extraordinary teaching and research staff may be employed for a period of up to three years.
8.3.17. The positions of Euroacademy’s teaching staff shall not be made redundant during a term.

9. ORGANISATION OF STUDIES
9.1. The organisation of studies shall be based on the curricula meeting the Standard of Higher Education and the Study Regulations of Euroacademy.
9.2. Studies at Euroacademy shall be conducted in the form of full-time study, part-time study or external study. Instruction shall be provided in the following formats: contact classes, practical training, and independent study.
9.3. The curriculum in force is entered in the national database ‘Eesti Hariduse Infosüsteem (Estonian Education Information System) (EHIS) according to the procedure established by the Government of the Republic.

10. THE RIGHTS AND OBLIGATIONS OF STUDENTS
10.1. The rights and obligations of students are specified in the Study Regulations approved by Euroacademy’s Senate.
10.2. A student has the right for:
10.2.1. during studies, at any time, students have the right to choose subjects for their curricula outside their field of study in the volume prescribed for elective subjects;
10.2.2. attend lectures, practical training classes and seminars and take graded examinations and pass-fail examinations outside their curricula;
10.2.3. use lecture halls, laboratories, computer rooms, library, inventories, equipment and other assets pursuant to the procedure established at Euroacademy;
10.2.4. continue their studies under another curriculum or at another institution of higher education should Euroacademy or any of its curricula be closed;
10.2.5. elect their representatives and be elected to the collegial decision-making bodies of Euroacademy;
10.2.6. submit a reasoned request to the Rector for the removal of a member of the teaching staff from teaching activities;
10.2.7. obtain a study loan or study allowance according to the procedure established in the Republic of Estonia;
10.2.8. take academic leave according to the procedure prescribed in the Study Regulations;
10.2.9. obtain the curricula, study programmes and other information necessary for their studies, incl. career counselling;
10.2.10. request that a board is formed in order to take a graded or pass-fail examination;;
10.2.11. obtain a student identification card according to the established procedure;
10.2.12. exercise other rights provided for students by law, Statutes of Euroacademy, Study Regulations, Internal Procedure Rules and other legislation.
10.3. Students shall fulfil the obligations provided for students by laws, Statutes of Euroacademy, Internal Procedure Rules, Study Regulations and other legislation and be liable for any violation thereof.

11. ASSETS AND FINANCING
11.1. The financial resources of the owner of Euroacademy are formed of the students’ tuition fees, resources obtained for research and development activity and other resources intended for specific purposes, own revenue received from research and development activity, sponsor support and other activity complying with laws.
11.2. Euroacademy shall be fully authorised to use the assets transferred to its possession, including any liability arising therefrom.
11.3. The economic activity of Euroacademy shall be performed on the basis of the budget approved by the Association’s Board, and the Association shall monitor its implementation.
11.4. The Rector shall determine the allocation and re-allocation of Euroacademy’s assets among the structural units.
11.5. Euroacademy’s budget shall be approved by the Association’s Board based on the Rector’s proposal, and the report on its implementation and the balance sheet shall be reviewed by the Senate and approved by the general meeting of the Association.
11.6. The Head of a respective structural unit shall determine the procedure for the possession and disposal of the assets in the structural unit.
11.7. Financial accounting and reporting shall be performed according to the procedure provided for in the current legislation and based on the accounting rules approved by the Association’s Board.
11.8. Euroacademy shall submit substantive and statistical reports on its activity to the Association pursuant to the procedure and within the time limits established by the state.
11.9. Reporting of the structural units shall be carried out according to the procedure provided for in their statutes.
11.10. Euroacademy shall submit reports on target financing to the provider of financing upon request of the latter.
11.11. Asset accounting and reporting shall be performed pursuant to the procedure established in the legislation of the Republic of Estonia.
11.12. The financial year of Euroacademy shall start on 1 January and end on 31 December.

12. SUPERVISION
12.1. State supervision over Euroacademy’s teaching and education activity shall be performed pursuant to the procedure provided for in the Institutions of Professional Higher Education Act, Private Schools Act, Universities Act and by the Ministry of Education and Research.
12.2. The economic activities of Euroacademy shall be monitored by the Association.
12.3. Euroacademy shall perform self-assessments aiming to improve the quality of providing education, and their results shall be evaluated by Euroacademy’s Senate.

13. TERMINATION OF ACTIVITIES OR REORGANISATION
13.1. The Association shall initiate the termination of Euroacademy pursuant to the procedure provided for by legislation if:
13.1.1. Euroacademy has not been issued an education licence for six months or has no right to provide instruction at the level of higher education and award respective academic degrees or diplomas;
13.1.2. the Association has decided to terminate its activity or a liquidation procedure has been initiated against it;
13.1.3. the Association’s Board and Euroacademy’s Senate have made a decision for merger or division of Euroacademy or to the effect that the further activity of Euroacademy has become inexpedient.
13.2. The decision about the termination of Euroacademy shall be communicated to the students, teaching staff and employees and Ministry of Education and Research at least four months prior to termination.
13.3. The Association’s Board shall form a committee for the termination or reorganisation of Euroacademy; a representative of the Association’s Board, Senate and Euroacademy’s Rector (not as a member) shall participate in its activity. The committee shall review Euroacademy’s balance sheet, liabilities and financial situation as well as employment contracts made with the employees and shall prepare a report to the Association’s Board. The Association’s Board shall make a decision regarding the termination of Euroacademy. Any assets remaining after the settlement of the liabilities and debts shall transfer to the Association.

14. VALIDITY OF STATUTES
14.1. Should any provision of the Statutes contradict the provisions of law, the latter shall prevail.
14.2. The Statutes may be amended or invalidated by the decision of the Association’s Board.
14.3. The current Statutes is approved by the Association’s Board decision of August 25, 2015.