Aldenroth Stock Exchange Incorporated
Memorandum of Governance
Apr 25, 2010
1. The company shall be known under the name of Aldenroth Stock Exchange Incorporated (hereinafter referred to as "Company"), and shall be cited and be referred to as ASE Inc.
2. Equal shares in the Company shall be held by both the Chamber of Industry, Trade and Commerce (hereinafter referred to as the "Chamber"), and the City of Greater Aldenroth (hereinafter referred to as the "City").
3. The Board of Directors shall be composed of three executive chairpersons and two non-executive chairpersons.
4. Both the Chamber and the City shall each designate one non-executive chairperson (NEC).
5. As executive chairpersons, a Chief Executive Officer (CEO), a Chief Legal Officer (CLO), and a Chief Communications Officer (CCO) shall be named.
6. The Chamber shall appoint the CCO, who shall be responsible for the Company's public relations and public affairs.
7. The City shall appoint the CLO, who shall be responsible for the legal affairs of the Company.
8. The Chamber and the City shall appoint the CEO in agreement, who then shall lead the Company and shall be responsible for the day-to-day operations of the Company.