F]oment is a private entity, run by governing bodies which are democratically elected and renewed every four years. All management positions (, , of the Executive Committee, and Board of Directors) may be changed at any time if the organization or company they represent withdraws its confidence from them or replaces them.
The governing body of the entity is the Board of Directors. Its members are appointed every four years from among the representatives of the General Assembly.
The Executive Committee deals with and decides on the ordinary subjects that the Board ofbased on its Statutes or in each .
The President of Foment, chosen by the General Assembly, represents the entity at all kinds of acts and presides over all of the governing bodies and the. The Board can chose the Vice-presidents from among its members.
The execution of the agreements and guidelines of the governing bodies is carried out through the areas,, and , the management of which corresponds to the , appointed by the Board of Directors.