Point 12 - Constitution
FICO is made up of the following bodies :
- The General Meeting,
- The Committee,

Point 13 - General Meeting : Definition
The General Meeting is the highest authoritative body of FICO. It is chaired by the overall President or one of the Vice-Presidents. The General Meeting is comprised of active members, affiliated members and supporting members.

Point 14 - General Meeting: Decisions, Votes and Voting Rights
All members are eligible for elections and enjoy voting rights, with 5 votes granted to active members, 3 votes to affiliated members and 1 vote to each supporting member. All votes are made by raised hands, unless a specific request is made by a simple majority of members present. Decisions are taken by simple majority vote. Elections are decided by absolute majority in the first round of voting, and by relative majority in the second round of voting. Proxy votes are allowed, with a maximum of 2 proxies per member. Any member, regardless of his position, may represent another member with a different position. In this case, on top of his own voting rights, he is only entitled to make the number of votes which the member he is representing is entitled to. Proxy votes should be sent to the Secretary General at least five days before the date of the meeting.

Point 15 - The Ordinary General Meeting : Powers and Frequency
The agenda of the Ordinary General Meeting comprises in particular the following :

- Reports of the President and the different national branches.
- Approval of the accounts, the budget, the auditor's report and checking that the Committee and other representative bodies have carried out their duties.
- Approving the yearly and four-yearly race programme put forward to the ISAF.
- Approving the regulations.
- Fixing the amount of the annual subscription fees.
- Fixing the entry fees for races organised by FICO members.
- Statutory elections.
- Appointing honorary members.
- Fixing the date and venue of the next General Meeting.
- Any other business.

The Ordinary General Meeting is held during the second semester of each year.

Point 16 - The Extraordinary General Meeting : Powers and Frequency
The Extraordinary General Meeting deals with all matters on the agenda. It alone can modify the memorandum and points of the Association. The Extraordinary General Meeting can be called upon the initiative of the Committee or following a majority request from members. In order for decisions to be valid, at least one half of the active members of the association must be present or represented at the Extraordinary General Meeting. The decisions of the Extraordinary General Meeting are taken by majority voting, with two thirds of the members present or represented needing to vote in favour, regardless of their status.

Point 17 - General Meetings : Convening Agenda
Convenings are sent at least a fortnight in advance by ordinary post, fax or e-mail, addressed to each member, indicating the agenda for the forthcoming meeting set by the committee. The General Meeting may only debate the items which appear on the agenda. Requests from members for items to be included on the agenda must reach the secretariat ten days before the General Meeting.

Point 18 - General Meetings : Minutes
The discussions of the General Meetings are recorded in the minutes, initialled and signed by the President and the Secretary General. A copy of these minutes is sent to each member whose subscription fees are up to date.

Point 19 - The Committee : Composition
The Association is administered by a committee of 5 members elected for a period of two years by the Ordinary General Meeting :
- One President
- Three Vice-Presidents
- One Secretary General.

Members wishing to stand for election as President must propose their committee to the General Meeting to be put to the vote. The President and Committee are thus elected collegially as a whole by the General Meeting. Any member of FICO, regardless of his position, can be elected to the Committee. The Committee is renewed in its entirety every two years. All retiring members can seek re-election. Notices of candidacy for the presidency must be addressed to the General Secretariat at least 10 days before the General Meeting.

Point 20 - The Committee : Powers
The Central Committee, subject to the powers of the General Meeting, has full authority to take all action necessary in order that the objectives of FICO may be realised.
It has the following tasks in particular:
- Deciding on the admission of new members,
- Preparing the General Meeting,
- Appointing delegates to represent FICO with national and international authorities,
- Expressing and implementing the role and function of the Association as a whole.
- Maintaining and publishing annually a list of FICO members.
- Maintaining and regularly updating the FICO World Rankings.
The Committee may delegate its powers to the President or a Vice-President. It meets when it is convened by the President, or at the request of three of its members. Decisions are taken by simple majority vote, providing at least two of its members are present. In the event of an equal number of votes, the President shall have the final say. Decisions may be made by fax or e-mail as long as at least four members have adopted a position and at least three votes are cast in favour of the proposals made by a member of the Committee.

Point 21 - The Committee : Role of the President
The President represents FICO. He ensures that the decisions of the General Meeting and the Committee are implemented. He is responsible for the functioning of the Committee and the smooth running of the secretariat. He names commissions and, at the beginning of each new year, members of the permanent technical and safety commission. He is responsible for management and accountancy.

Point 22 - The Committee : Role of the Vice Presidents
The role of the three vice presidents is to participate in the committee's undertakings and to assist the President in any task that the latter may delegate to them.

Point 23 - The Committee : Role of the Secretary General
The Secretary General is under the authority of the President.

The Secretary handles the on-going administration, and in particular:
- Registers and files documents,
- Co-ordinates correspondence,
- Sends out convenings to meetings and assemblies
- Draws up minutes and ensures they are sent out
- Updates the rankings championships of the Association for skippers, crewmen and sponsors
- Co-ordinates communication