The General Assembly has the following powers:

• Appoints the President of the Association upon proposal of the Committee 
• Appoints the Honorary President upon proposal of the Committee 
• Appoints the Auditing Office 
• Approves the Association’s annual financial statements and the audit report, granting discharge to the governing bodies
• Determines the membership fees 
• Decides on measures of general interest proposed by the Committee or by individual members 
• Decides on the dissolution of the Association

The Committee is appointed by the General Assembly and is composed of 5 to 9 members. They serve a three-year term and may be re-elected. The Committee is formed by appointing a Vice President and a Director. Members who leave the Committee during the three-year term are replaced by the General Assembly for the remaining period.

The President is appointed by the General Assembly upon proposal of the Committee for a period of three years and may be re-elected. He or she must be an owner or executive of a company affiliated with FIT, with primary responsibility for its management. The appointment is made taking into account the candidate’s personal qualities and the image of the company they lead. The President proposes to the Committee the appointment of a Vice President. The President chairs both the General Assembly and the Committee.

The Honorary President is appointed by the General Assembly upon proposal of the Committee for outstanding merits acquired through activities in favor of the Association. The Honorary President may be entrusted by the Assembly or the Committee with representative functions and has the right to participate in Committee meetings, but without voting rights. The position is held for an indefinite period.

The Auditing Office is composed of two auditors and two alternates, appointed by the General Assembly for a three-year term and freely eligible for re-election. It audits the Association’s accounts and submits a written report to the General Assembly.